Campbell & CO Investment Adviser LLC decreased its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,178 shares of the savings and loans company's stock after selling 2,222 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Kearny Financial were worth $144,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Equitable Holdings Inc. bought a new stake in shares of Kearny Financial during the fourth quarter worth $154,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kearny Financial by 98.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,391 shares of the savings and loans company's stock valued at $164,000 after purchasing an additional 6,139 shares in the last quarter. First Financial Bank Trust Division bought a new position in Kearny Financial in the first quarter valued at $166,000. Teacher Retirement System of Texas grew its position in Kearny Financial by 9.8% in the fourth quarter. Teacher Retirement System of Texas now owns 13,417 shares of the savings and loans company's stock valued at $178,000 after purchasing an additional 1,203 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Kearny Financial in the fourth quarter valued at $196,000. Institutional investors own 64.44% of the company's stock.
Get Kearny Financial alerts:Kearny Financial Stock Down 0.2 %
Kearny Financial stock opened at $12.46 on Thursday. The company has a market cap of $877.45 million, a P/E ratio of 13.26 and a beta of 0.77. Kearny Financial Corp. has a 1-year low of $10.59 and a 1-year high of $13.89. The company has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $12.26. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.
Kearny Financial (NASDAQ:KRNY – Get Rating) last released its earnings results on Thursday, July 28th. The savings and loans company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). The business had revenue of $53.41 million during the quarter, compared to the consensus estimate of $51.60 million. Kearny Financial had a net margin of 28.12% and a return on equity of 7.04%.Kearny Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Tuesday, August 9th. Kearny Financial's dividend payout ratio (DPR) is currently 46.81%.
Insider Buying and Selling at Kearny Financial
In other Kearny Financial news, EVP Thomas Demedici sold 2,500 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $12.01, for a total value of $30,025.00. Following the completion of the sale, the executive vice president now owns 55,392 shares in the company, valued at $665,257.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.23% of the company's stock.
About Kearny Financial
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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.
Further Reading
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