Victory Capital Management Inc. grew its stake in Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) by 950.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,195 shares of the savings and loans company's stock after purchasing an additional 392,872 shares during the period. Victory Capital Management Inc. owned about 0.60% of Kearny Financial worth $5,150,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Equitable Holdings Inc. purchased a new position in shares of Kearny Financial during the 4th quarter valued at approximately $154,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kearny Financial by 98.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,391 shares of the savings and loans company's stock valued at $164,000 after buying an additional 6,139 shares in the last quarter. First Financial Bank Trust Division purchased a new position in shares of Kearny Financial during the 1st quarter valued at approximately $166,000. Teacher Retirement System of Texas lifted its position in shares of Kearny Financial by 9.8% during the 4th quarter. Teacher Retirement System of Texas now owns 13,417 shares of the savings and loans company's stock valued at $178,000 after buying an additional 1,203 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Kearny Financial during the 4th quarter valued at approximately $196,000. Hedge funds and other institutional investors own 64.44% of the company's stock.
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Insider Buying and Selling at Kearny Financial
In other news, EVP Thomas Demedici sold 2,500 shares of Kearny Financial stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $12.01, for a total transaction of $30,025.00. Following the transaction, the executive vice president now owns 55,392 shares in the company, valued at approximately $665,257.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.23% of the stock is currently owned by insiders.
Kearny Financial Trading Up 1.6 %
Shares of NASDAQ:KRNY opened at $11.94 on Wednesday. Kearny Financial Corp. has a 1 year low of $10.59 and a 1 year high of $13.89. The firm has a market capitalization of $840.83 million, a price-to-earnings ratio of 12.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.91 and a quick ratio of 0.91. The business's 50 day moving average price is $11.45 and its 200-day moving average price is $12.29.
Kearny Financial (NASDAQ:KRNY – Get Rating) last announced its earnings results on Thursday, July 28th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). Kearny Financial had a net margin of 28.12% and a return on equity of 7.04%. The business had revenue of $53.41 million for the quarter, compared to analysts' expectations of $51.60 million.
Kearny Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.44 dividend on an annualized basis and a yield of 3.69%. Kearny Financial's payout ratio is currently 46.81%.
Kearny Financial Profile
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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.
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