Kearny Financial Corp. (NASDAQ:KRNY) Position Lessened by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in Kearny Financial Corp. (NASDAQ:KRNY) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,307 shares of the savings and loans company’s stock after selling 15,521 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Kearny Financial were worth $497,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after buying an additional 2,445 shares during the last quarter. Signaturefd LLC raised 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 acquiring an additional 2,560 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Kearny Financial in the third quarter valued at approximately $61,000. Point72 Asia Singapore Pte. Ltd. grew its position in Kearny Financial by 53.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 3,249 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Kearny Financial during the 2nd quarter worth $65,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Kearny Financial Stock Performance

Shares of NASDAQ KRNY opened at $8.03 on Monday. The business’s 50-day simple moving average is $7.62 and its 200-day simple moving average is $6.80. 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 Corp. has a 52 week low of $5.28 and a 52 week high of $9.46. The firm has a market cap of $518.58 million, a price-to-earnings ratio of -5.54 and a beta of 0.80.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. The company had revenue of $87.88 million for the quarter, compared to the consensus estimate of $37.70 million. During the same quarter last year, the company posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 annualized dividend and a yield of 5.48%. Kearny Financial’s dividend payout ratio (DPR) is presently -30.34%.

Wall Street Analyst Weigh In

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 Company 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.