Kovitz Investment Group Partners LLC Purchases New Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Kovitz Investment Group Partners LLC acquired a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,000 shares of the savings and loans company’s stock, valued at approximately $96,000.

A number of other institutional investors also recently made changes to their positions in KRNY. US Bancorp DE grew its position in shares of Kearny Financial by 122.3% during the third quarter. US Bancorp DE now owns 22,023 shares of the savings and loans company’s stock worth $151,000 after buying an additional 12,116 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Kearny Financial by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock worth $142,000 after acquiring an additional 1,911 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Kearny Financial by 79.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock worth $3,879,000 after purchasing an additional 249,437 shares during the last quarter. Creative Planning raised its stake in shares of Kearny Financial by 152.6% in the 2nd quarter. Creative Planning now owns 131,428 shares of the savings and loans company’s stock valued at $808,000 after purchasing an additional 79,391 shares in the last quarter. Finally, Signaturefd LLC lifted its position 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 worth $61,000 after purchasing an additional 2,560 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Kearny Financial Stock Performance

Shares of KRNY opened at $8.03 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $9.46. The business’s fifty day moving average price is $7.62 and its 200 day moving average price is $6.78. The stock has a market capitalization of $518.58 million, a PE ratio of -5.54 and a beta of 0.80.

Kearny Financial (NASDAQ:KRNY) last posted 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. The business had revenue of $87.88 million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.16 EPS.

Kearny Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial’s payout ratio is -30.34%.

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.