Massachusetts Financial Services Co. MA Sells 104,711 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Massachusetts Financial Services Co. MA lowered its stake in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 58.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,094 shares of the savings and loans company's stock after selling 104,711 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.11% of Kearny Financial worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KRNY. Signaturefd LLC increased its holdings in shares of 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 acquiring an additional 2,560 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Kearny Financial by 53.1% during the 2nd 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. Vanguard Personalized Indexing Management LLC acquired a new position in Kearny Financial during the second quarter worth $65,000. Pallas Capital Advisors LLC bought a new position in shares of Kearny Financial in the third quarter valued at $82,000. Finally, Intech Investment Management LLC acquired a new position in shares of Kearny Financial during the third quarter valued at about $86,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Wall Street Analyst Weigh In

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 Stock Performance

Shares of NASDAQ:KRNY traded down $0.14 during mid-day trading on Thursday, reaching $7.93. The company had a trading volume of 275,119 shares, compared to its average volume of 420,564. The firm has a market cap of $512.12 million, a price-to-earnings ratio of -5.47 and a beta of 0.76. The company's 50-day moving average price is $7.33 and its 200-day moving average price is $6.60. 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 Corp. has a one year low of $5.28 and a one year high of $9.46.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced 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 firm had revenue of $87.88 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 annualized dividend and a yield of 5.55%. Kearny Financial's payout ratio 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.