Kearny Financial $KRNY Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Kearny Financial by 3.6%, owning approximately 3.16 million shares valued at $19.82 million as of the end of the most recent quarter.
• Kearny Financial reported earnings per share of $0.11, missing the consensus estimate of $0.13, along with quarterly revenue of $40.83 million compared to expectations of $41.16 million.
• The company declared a quarterly dividend of $0.11, resulting in a dividend yield of 6.5%, although its payout ratio stands at 104.76%.

Vanguard Group Inc. lifted its stake in shares of Kearny Financial (NASDAQ:KRNY - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,166,121 shares of the savings and loans company's stock after acquiring an additional 111,390 shares during the quarter. Vanguard Group Inc. owned approximately 4.90% of Kearny Financial worth $19,820,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new stake in Kearny Financial during the 4th quarter valued at $28,000. GAMMA Investing LLC grew its holdings in Kearny Financial by 119.6% during the 1st quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company's stock worth $40,000 after acquiring an additional 3,461 shares in the last quarter. TIAA Trust National Association purchased a new position in Kearny Financial during the 1st quarter valued at about $78,000. Mariner LLC bought a new stake in shares of Kearny Financial in the 4th quarter valued at about $82,000. Finally, Pallas Capital Advisors LLC lifted its position in shares of Kearny Financial by 42.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 16,534 shares of the savings and loans company's stock worth $104,000 after purchasing an additional 4,893 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Kearny Financial Stock Down 1.0%

Shares of NASDAQ KRNY traded down $0.07 during mid-day trading on Wednesday, reaching $6.68. 123,960 shares of the company were exchanged, compared to its average volume of 355,925. The firm has a 50-day moving average of $6.37 and a 200 day moving average of $6.32. Kearny Financial has a 1 year low of $5.45 and a 1 year high of $8.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.71. The stock has a market cap of $432.21 million, a price-to-earnings ratio of 15.89 and a beta of 0.78.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $40.83 million for the quarter, compared to analysts' expectations of $41.16 million. Kearny Financial had a return on equity of 3.49% and a net margin of 7.59%.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, August 12th. Kearny Financial's payout ratio is 104.76%.

Kearny Financial Profile

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.