Kearny Financial Corp. (NASDAQ:KRNY) Stock Position Decreased by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,984,538 shares of the savings and loans company's stock after selling 287,302 shares during the quarter. Vanguard Group Inc. owned about 9.27% of Kearny Financial worth $41,473,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in shares of Kearny Financial during the third quarter worth about $25,000. Tower Research Capital LLC TRC raised its stake in shares of Kearny Financial by 208.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the savings and loans company's stock worth $39,000 after buying an additional 3,766 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Kearny Financial by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,932 shares of the savings and loans company's stock valued at $70,000 after buying an additional 2,745 shares during the period. Graham Capital Management L.P. purchased a new stake in shares of Kearny Financial in the third quarter valued at approximately $110,000. Finally, Engineers Gate Manager LP acquired a new position in Kearny Financial during the fourth quarter worth $115,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Kearny Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 12th.

Kearny Financial Price Performance

KRNY stock traded down $0.47 during trading on Wednesday, reaching $5.62. 951,511 shares of the company were exchanged, compared to its average volume of 447,931. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.09 and a current ratio of 1.09. The stock's 50 day moving average price is $6.38 and its 200 day moving average price is $7.33. Kearny Financial Corp. has a 52-week low of $5.44 and a 52-week high of $9.46. The company has a market cap of $362.15 million, a P/E ratio of 19.62 and a beta of 0.71.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The savings and loans company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). Kearny Financial had a return on equity of 4.44% and a net margin of 5.84%. The firm had revenue of $19.83 million for the quarter, compared to analysts' expectations of $42.60 million.

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.83%. The ex-dividend date was Tuesday, February 6th. Kearny Financial's dividend payout ratio (DPR) is 151.73%.

Insider Activity

In other Kearny Financial news, Director Christopher Petermann acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $6.14 per share, with a total value of $61,400.00. Following the purchase, the director now owns 56,139 shares in the company, valued at $344,693.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Christopher Petermann bought 10,000 shares of Kearny Financial stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $6.14 per share, with a total value of $61,400.00. Following the purchase, the director now owns 56,139 shares in the company, valued at $344,693.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Melvina Wong-Zaza purchased 3,945 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $6.47 per share, with a total value of $25,524.15. Following the transaction, the director now directly owns 6,595 shares of the company's stock, valued at approximately $42,669.65. The disclosure for this purchase can be found here. Insiders bought a total of 15,945 shares of company stock worth $98,664 over the last 90 days. 8.22% of the stock is currently owned by corporate insiders.

Kearny Financial Company Profile

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