Fourthstone LLC Acquires New Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Fourthstone LLC bought a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,000 shares of the savings and loans company’s stock, valued at approximately $481,000. Fourthstone LLC owned about 0.11% of Kearny Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. US Bancorp DE raised its position in shares of Kearny Financial by 122.3% during the 3rd quarter. US Bancorp DE now owns 22,023 shares of the savings and loans company’s stock worth $151,000 after purchasing an additional 12,116 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Kearny Financial by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock worth $142,000 after buying an additional 1,911 shares in the last quarter. Creative Planning raised its holdings in shares of Kearny Financial by 152.6% in the second quarter. Creative Planning now owns 131,428 shares of the savings and loans company’s stock worth $808,000 after acquiring an additional 79,391 shares during the last quarter. Signaturefd LLC lifted its position in shares of 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 acquiring an additional 2,560 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 valued at $8,733,000 after acquiring an additional 715,500 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Kearny Financial Trading Down 1.7 %

NASDAQ KRNY traded down $0.14 during mid-day trading on Thursday, reaching $7.93. 275,119 shares of the stock were exchanged, compared to its average volume of 420,564. The stock has a market capitalization of $512.12 million, a PE ratio of -5.47 and a beta of 0.76. 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 1-year low of $5.28 and a 1-year high of $9.46. The business’s fifty day simple moving average is $7.31 and its 200 day simple moving average is $6.59.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $87.88 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.16 earnings per share.

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial’s dividend payout ratio is currently -30.34%.

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 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.