State of New Jersey Common Pension Fund D trimmed its position in Kearny Financial Corp. (NASDAQ:KRNY) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,992 shares of the savings and loans company’s stock after selling 28,173 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.29% of Kearny Financial worth $2,724,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in KRNY. Cambridge Investment Research Advisors Inc. bought a new position in Kearny Financial in the 3rd quarter valued at about $232,000. BNP Paribas Arbitrage SA raised its holdings in Kearny Financial by 267.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,060 shares of the savings and loans company’s stock valued at $137,000 after acquiring an additional 13,874 shares during the period. American International Group Inc. raised its holdings in Kearny Financial by 3.6% in the 3rd quarter. American International Group Inc. now owns 47,891 shares of the savings and loans company’s stock valued at $345,000 after acquiring an additional 1,643 shares during the period. California Public Employees Retirement System raised its holdings in Kearny Financial by 8.3% in the 3rd quarter. California Public Employees Retirement System now owns 181,609 shares of the savings and loans company’s stock valued at $1,309,000 after acquiring an additional 13,900 shares during the period. Finally, Aigen Investment Management LP raised its holdings in Kearny Financial by 162.0% in the 3rd quarter. Aigen Investment Management LP now owns 35,840 shares of the savings and loans company’s stock valued at $258,000 after acquiring an additional 22,160 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Raymond E. Chandonnet sold 3,500 shares of Kearny Financial stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $10.96, for a total value of $38,360.00. Also, Director Theodore J. Aanensen sold 2,500 shares of Kearny Financial stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $10.44, for a total value of $26,100.00. Insiders sold a total of 9,000 shares of company stock valued at $96,260 over the last ninety days. Insiders own 4.87% of the company’s stock.
Shares of NASDAQ:KRNY opened at $11.23 on Tuesday. The company’s 50 day moving average price is $10.84 and its two-hundred day moving average price is $9.33. Kearny Financial Corp. has a 12-month low of $6.91 and a 12-month high of $11.86. The firm has a market cap of $945.57 million, a PE ratio of 20.80 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.96.
Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, January 28th. The savings and loans company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Kearny Financial had a return on equity of 4.33% and a net margin of 17.45%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Wednesday, March 3rd will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 2nd. This is a boost from Kearny Financial’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 3.21%. Kearny Financial’s payout ratio is currently 59.26%.
Separately, TheStreet raised shares of Kearny Financial from a “c+” rating to a “b” rating in a report on Monday, November 9th.
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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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