BNP Paribas Financial Markets Acquires 81,274 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

BNP Paribas Financial Markets increased its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 345.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,772 shares of the savings and loans company's stock after buying an additional 81,274 shares during the quarter. BNP Paribas Financial Markets owned 0.16% of Kearny Financial worth $720,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Kearny Financial by 101.6% during the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company's stock worth $8,733,000 after buying an additional 715,500 shares in the last quarter. Millennium Management LLC increased its holdings in Kearny Financial by 144.1% in 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. Bank of New York Mellon Corp raised its position in Kearny Financial by 3.8% in the second 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 purchasing an additional 15,423 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Kearny Financial by 2.7% during the second quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company's stock valued at $2,407,000 after purchasing an additional 10,220 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Kearny Financial by 46.1% during the third quarter. Creative Planning now owns 191,969 shares of the savings and loans company's stock worth $1,319,000 after purchasing an additional 60,541 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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 Kearny Financial stock traded down $0.17 during trading on Friday, hitting $8.03. The company's stock had a trading volume of 429,039 shares, compared to its average volume of 417,672. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $9.46. The stock has a 50-day moving average price of $7.60 and a two-hundred day moving average price of $6.76.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, meeting 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 company had revenue of $87.88 million during the quarter, compared to analysts' expectations of $37.70 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Wednesday, November 6th. Kearny Financial's dividend payout ratio (DPR) is presently -30.34%.

Kearny Financial Profile

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.