Algert Global LLC Boosts Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Algert Global LLC boosted its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 586.3% during the 4th quarter, Holdings Channel reports. The firm owned 128,480 shares of the savings and loans company’s stock after buying an additional 109,760 shares during the quarter. Algert Global LLC’s holdings in Kearny Financial were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KRNY. Quarry LP bought a new stake in Kearny Financial in the fourth quarter worth $28,000. Ieq Capital LLC bought a new stake in shares of Kearny Financial in the 4th quarter worth about $73,000. Mariner LLC purchased a new position in shares of Kearny Financial during the 4th quarter worth about $82,000. Optas LLC bought a new position in Kearny Financial during the 4th quarter valued at about $87,000. Finally, Quantbot Technologies LP lifted its stake in Kearny Financial by 13.1% in the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company’s stock worth $91,000 after purchasing an additional 1,476 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Trading Down 0.3 %

KRNY stock opened at $6.35 on Friday. Kearny Financial Corp. has a 12 month low of $5.31 and a 12 month high of $8.59. The firm’s 50-day moving average is $6.20 and its 200 day moving average is $6.99. The company has a market capitalization of $410.08 million, a PE ratio of -5.62 and a beta of 0.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $38.60 million for the quarter, compared to analyst estimates of $38.71 million. Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Wednesday, May 7th. Kearny Financial’s dividend payout ratio (DPR) is presently -38.60%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price target on Kearny Financial from $7.25 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, April 29th.

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.