Hotchkis & Wiley Capital Management LLC Cuts Position in Kearny Financial Corp. (NASDAQ:KRNY)

Hotchkis & Wiley Capital Management LLC reduced its position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 987,330 shares of the savings and loans company's stock after selling 95,200 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.53% of Kearny Financial worth $6,783,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Kearny Financial by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company's stock valued at $457,000 after buying an additional 5,272 shares during the last quarter. CWM LLC grew its position in Kearny Financial by 1,798.6% in the 2nd quarter. CWM LLC now owns 20,106 shares of the savings and loans company's stock valued at $124,000 after acquiring an additional 19,047 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $2,624,000 after purchasing an additional 15,423 shares during the period. American Century Companies Inc. lifted its position 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 worth $2,407,000 after purchasing an additional 10,220 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Kearny Financial during the second quarter valued at $133,000. Institutional investors own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

Kearny Financial Trading Down 1.5 %

Shares of NASDAQ KRNY traded down $0.12 during trading hours on Friday, reaching $8.01. The stock had a trading volume of 216,855 shares, compared to its average volume of 418,653. The business's fifty day moving average price is $7.46 and its two-hundred day moving average price is $6.69. The firm has a market cap of $517.29 million, a price-to-earnings ratio of -5.61 and a beta of 0.80. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $9.46. 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 quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The business had revenue of $87.88 million for the quarter, compared to the consensus estimate of $37.70 million. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. During the same quarter in the prior year, the company earned $0.16 EPS.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date 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.