Qube Research & Technologies Ltd cut its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) by 59.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,314 shares of the savings and loans company's stock after selling 53,440 shares during the period. Qube Research & Technologies Ltd's holdings in Kearny Financial were worth $468,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of KRNY. Equitable Holdings Inc. acquired a new stake in shares of Kearny Financial during the 4th quarter valued at about $154,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 acquiring an additional 6,139 shares during the period. First Financial Bank Trust Division purchased a new position in Kearny Financial in the 1st quarter valued at about $166,000. Teacher Retirement System of Texas lifted its stake in Kearny Financial by 9.8% in 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 Kearny Financial in the 4th quarter valued at about $196,000. 64.44% of the stock is currently owned by institutional investors and hedge funds.
Get Kearny Financial alerts:Kearny Financial Trading Down 2.0 %
Shares of Kearny Financial stock opened at $12.06 on Tuesday. The firm has a market capitalization of $849.28 million, a PE ratio of 12.83 and a beta of 0.77. Kearny Financial Corp. has a twelve month low of $10.59 and a twelve month high of $13.89. The firm's 50-day moving average price is $11.50 and its 200 day moving average price is $12.23. 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 issued its quarterly 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 company had revenue of $53.41 million during the quarter, compared to analysts' expectations of $51.60 million. Kearny Financial had a net margin of 28.12% and a return on equity of 7.04%.Kearny Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Tuesday, August 9th. Kearny Financial's dividend payout ratio (DPR) is 46.81%.
Insiders Place Their Bets
In other Kearny Financial news, EVP Thomas Demedici sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 55,392 shares of the company's stock, valued at approximately $665,257.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.23% of the company's stock.
About Kearny Financial
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Kearny Financial (KRNY)
- MarketBeat Podcast: Fantasy Football Strategy With Your Stock Portfolio
- Should You Buy These Copper Stocks Ahead Of Monster Demand?
- Three Industrial Stocks That Can Weather a Stormy Recession
- Bed Bath & Beyond Meat: Is BYND the Next Big Short Squeeze?
- Denbury Rises On Rumor Of A Sale, But Lags Other Energy Names
Want to see what other hedge funds are holding KRNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kearny Financial Corp. (NASDAQ:KRNY – Get Rating).
Receive News & Ratings for Kearny Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial and related companies with MarketBeat.com's FREE daily email newsletter.