Acadian Asset Management LLC decreased its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,280 shares of the savings and loans company’s stock after selling 73,709 shares during the period. Acadian Asset Management LLC’s holdings in Kearny Financial were worth $5,833,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC boosted its position in shares of Kearny Financial by 2.1% during the 2nd quarter. Private Advisor Group LLC now owns 68,236 shares of the savings and loans company’s stock valued at $558,000 after purchasing an additional 1,378 shares in the last quarter. American International Group Inc. boosted its position in shares of Kearny Financial by 3.6% during the 3rd quarter. American International Group Inc. now owns 47,891 shares of the savings and loans company’s stock valued at $345,000 after purchasing an additional 1,643 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Kearny Financial during the 1st quarter valued at about $37,000. Thompson Siegel & Walmsley LLC boosted its position in shares of Kearny Financial by 5.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 94,380 shares of the savings and loans company’s stock valued at $772,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Kearny Financial by 1,086.7% during the 2nd quarter. Bank of Montreal Can now owns 6,337 shares of the savings and loans company’s stock worth $48,000 after buying an additional 5,803 shares during the period. Institutional investors own 65.30% of the company’s stock.
Shares of Kearny Financial stock opened at $10.00 on Friday. The company has a market cap of $894.65 million, a PE ratio of 18.51 and a beta of 0.62. Kearny Financial Corp. has a 52 week low of $6.91 and a 52 week high of $14.40. The business has a 50 day moving average price of $8.64 and a 200-day moving average price of $8.15. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, December 3rd. Kearny Financial’s dividend payout ratio (DPR) is presently 59.26%.
A number of research analysts recently weighed in on KRNY shares. Piper Sandler dropped their price target on Kearny Financial from $10.50 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. TheStreet raised Kearny Financial from a “c+” rating to a “b” rating in a research note on Monday, November 9th. Finally, BidaskClub raised Kearny Financial from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 26th.
In other news, EVP Patrick M. Joyce sold 3,000 shares of the stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $10.30, for a total value of $30,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.87% of the company’s stock.
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.
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