Kearny Financial Corp. (NASDAQ:KRNY) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 79.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 564,572 shares of the savings and loans company's stock after buying an additional 249,437 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.87% of Kearny Financial worth $3,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. boosted its position in Kearny Financial by 53.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company's stock valued at $58,000 after purchasing an additional 3,249 shares in the last quarter. FMR LLC raised its position in Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company's stock worth $58,000 after buying an additional 2,445 shares during the last quarter. Signaturefd LLC lifted its position in Kearny Financial by 40.9% during the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company's stock valued at $61,000 after purchasing an additional 2,560 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Kearny Financial in the second quarter worth about $65,000. Finally, Quantbot Technologies LP boosted its position in Kearny Financial by 464.0% in the 3rd quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company's stock worth $78,000 after purchasing an additional 9,303 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 on Friday, reaching $8.01. The stock had a trading volume of 216,855 shares, compared to its average volume of 333,320. The business's 50-day moving average price is $7.49 and its 200-day moving average price is $6.70. Kearny Financial Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $9.46. The company has a market cap of $517.29 million, a P/E ratio of -5.52 and a beta of 0.80. 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 (NASDAQ:KRNY - Get Free Report) last issued its 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. The firm had revenue of $87.88 million for the quarter, compared to analysts' expectations of $37.70 million. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%. During the same quarter last year, the company earned $0.16 earnings per share.

Kearny Financial Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial's dividend payout ratio (DPR) is -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.