Barclays PLC Purchases 88,771 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Barclays PLC lifted its position in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 26.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 428,421 shares of the savings and loans company's stock after acquiring an additional 88,771 shares during the quarter. Barclays PLC owned approximately 0.66% of Kearny Financial worth $2,944,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Kearny Financial by 101.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company's stock valued at $8,733,000 after acquiring an additional 715,500 shares during the period. Millennium Management LLC lifted its holdings in Kearny Financial by 144.1% during the 2nd quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company's stock worth $4,909,000 after purchasing an additional 471,155 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Kearny Financial by 79.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company's stock worth $3,879,000 after purchasing an additional 249,437 shares during the period. Bank of New York Mellon Corp grew its holdings in Kearny Financial by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company's stock valued at $2,624,000 after buying an additional 15,423 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Kearny Financial by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company's stock valued at $2,407,000 after buying an additional 10,220 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kearny Financial from a "sell" rating to a "hold" rating in a report on Monday, October 28th.

Kearny Financial Price Performance

Shares of KRNY traded up $0.01 during mid-day trading on Wednesday, reaching $7.28. 113,052 shares of the stock traded hands, compared to its average volume of 421,202. The company has a market cap of $470.14 million, a price-to-earnings ratio of -5.02 and a beta of 0.80. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $9.42. The firm has a fifty day moving average price of $7.74 and a 200 day moving average price of $6.90. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its earnings results on Thursday, October 24th. The savings and loans company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. The business had revenue of $87.88 million during the quarter, compared to analysts' expectations of $37.70 million. During the same period in the previous year, the business earned $0.16 earnings per share.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial's dividend payout ratio (DPR) is -30.34%.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.