Two Sigma Investments LP Trims Stake in Kearny Financial Corp. (NASDAQ:KRNY)

Two Sigma Investments LP trimmed its stake in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,885 shares of the savings and loans company's stock after selling 84,272 shares during the quarter. Two Sigma Investments LP owned 0.61% of Kearny Financial worth $2,789,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in shares of Kearny Financial by 302.1% during the fourth quarter. Invesco Ltd. now owns 876,004 shares of the savings and loans company's stock valued at $6,202,000 after purchasing an additional 658,150 shares in the last quarter. Rhino Investment Partners Inc increased its position in Kearny Financial by 294.7% in the fourth quarter. Rhino Investment Partners Inc now owns 599,283 shares of the savings and loans company's stock worth $4,243,000 after buying an additional 447,447 shares in the last quarter. Fourthstone LLC increased its position in Kearny Financial by 439.2% in the fourth quarter. Fourthstone LLC now owns 377,431 shares of the savings and loans company's stock worth $2,672,000 after buying an additional 307,431 shares in the last quarter. Algert Global LLC boosted its stake in shares of Kearny Financial by 586.3% in the fourth quarter. Algert Global LLC now owns 128,480 shares of the savings and loans company's stock worth $910,000 after acquiring an additional 109,760 shares during the period. Finally, Barclays PLC boosted its stake in shares of Kearny Financial by 26.1% in the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company's stock worth $2,944,000 after acquiring an additional 88,771 shares during the period. 71.01% of the stock is owned by institutional investors.

Kearny Financial Price Performance

Kearny Financial stock traded up $0.15 during midday trading on Tuesday, reaching $6.05. 498,469 shares of the stock traded hands, compared to its average volume of 379,044. The stock has a market cap of $390.71 million, a P/E ratio of -5.35 and a beta of 0.70. Kearny Financial Corp. has a 12 month low of $5.31 and a 12 month high of $8.59. The stock's fifty day moving average is $6.14 and its 200-day moving average is $6.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.69.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $38.60 million during the quarter, compared to analyst estimates of $38.71 million. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a $0.11 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.44 annualized dividend and a dividend yield of 7.27%. Kearny Financial's payout ratio is -38.60%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price objective on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a research note on Tuesday, April 29th.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.