Villere ST Denis J & Co. LLC reduced its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,343,542 shares of the savings and loans company's stock after selling 84,017 shares during the quarter. Kearny Financial comprises about 2.8% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 16th biggest position. Villere ST Denis J & Co. LLC owned 4.75% of Kearny Financial worth $37,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the stock. First Financial Bank Trust Division acquired a new position in Kearny Financial during the 1st quarter worth $166,000. Teacher Retirement System of Texas increased 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 worth $178,000 after purchasing an additional 1,203 shares during the period. NCM Capital Management LLC bought a new stake in Kearny Financial during the 1st quarter worth about $205,000. BNP Paribas Arbitrage SA lifted its position in Kearny Financial by 40.1% during the 4th quarter. BNP Paribas Arbitrage SA now owns 25,804 shares of the savings and loans company's stock valued at $342,000 after purchasing an additional 7,388 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Kearny Financial in the 1st quarter valued at about $345,000. 64.85% of the stock is owned by institutional investors.
Get Kearny Financial alerts:Kearny Financial Trading Down 1.3 %
Shares of NASDAQ:KRNY traded down $0.15 during trading on Friday, hitting $11.22. 158,395 shares of the company's stock were exchanged, compared to its average volume of 252,749. The firm has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $11.93. Kearny Financial Corp. has a 1-year low of $10.59 and a 1-year high of $13.89. The firm has a market cap of $764.98 million, a P/E ratio of 11.94 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.
Kearny Financial (NASDAQ:KRNY – Get Rating) last released its earnings results on Thursday, July 28th. The savings and loans company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). The business had revenue of $53.41 million for the quarter, compared to analyst estimates of $51.60 million. Kearny Financial had a return on equity of 7.21% and a net margin of 28.12%.Kearny Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $0.44 dividend on an annualized basis and a yield of 3.92%. Kearny Financial's dividend payout ratio is presently 46.81%.
Insiders Place Their Bets
In related news, EVP Thomas Demedici sold 2,500 shares of the 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 sale, the executive vice president now directly owns 55,392 shares in the company, valued at approximately $665,257.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.23% of the company's stock.
Kearny Financial Company Profile
(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.
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