Kearny Financial Corp. (NASDAQ:KRNY) Shares Sold by State Street Corp

State Street Corp lessened its stake in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,050,152 shares of the savings and loans company's stock after selling 139,094 shares during the quarter. State Street Corp owned about 3.17% of Kearny Financial worth $14,085,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Kearny Financial by 53.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company's stock worth $58,000 after buying an additional 3,249 shares in the last quarter. FMR LLC lifted its stake in shares of Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company's stock worth $58,000 after acquiring an additional 2,445 shares in the last quarter. Signaturefd LLC boosted its holdings in Kearny Financial by 40.9% in 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 last quarter. Point72 DIFC Ltd purchased a new position in shares of Kearny Financial during the 3rd quarter valued at approximately $61,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Kearny Financial during the 2nd quarter valued at $65,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Stock Performance

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

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. The firm had revenue of $87.88 million during 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 in the prior year, the firm earned $0.16 EPS.

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 issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.04%. The ex-dividend date was Wednesday, November 6th. Kearny Financial's payout ratio is currently -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.