According to its latest SEC filing, the State of New Jersey Common Pension Fund D purchased a stake in Kearny Financial Corp.
(NASDAQ: KRNY – Get Rating) in the third quarter. The firm purchased 204,465 savings and loan company shares for $2,171,000. As of its last SEC filing, the State of New Jersey Common Pension Fund D owned 0.30% of Kearny Financial.
Other hedge funds have increased or decreased their KRNY holdings. First-quarter Ancora Advisors LLC increased its Kearny Financial holdings by 900.0%. After buying 590,408 shares last quarter, Ancora Advisors LLC owns 656,009 shares of the savings and loans company’s stock worth $7,925,000.
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Victory Capital Management Inc. bought 25.9% more Kearny Financial shares in the second quarter.
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After buying 112,506 shares last quarter, Victory Capital Management Inc. owns 546,701 shares of the savings and loans company’s stock worth $6,074,000. Dimensional Fund Advisors LP bought 1.7% more Kearny Financial shares in the first quarter.
After buying 101,930 shares last quarter, Dimensional Fund Advisors LP owns 6,044,277 shares of the savings and loans company’s stock worth $77,851,000. Cubist Systematic Strategies LLC invested $848,000 in Kearny Financial shares in the second quarter.
In the first quarter, Charles Schwab Investment Management Inc. bought 8.9% more Kearny Financial shares. After buying 45,942 shares last quarter, Charles Schwab Investment Management Inc. owns 562,844 shares of the savings and loans company’s stock worth $7,250,000. Institutional investors own 65.41%.
Analyst Upgrades/downgrades
Several brokerages recently commented on KRNY. In a research note on Wednesday, November 30th, TheStreet downgraded Kearny Financial from “b-” to “c”.
In a research note on Wednesday, October 5th, Piper Sandler lowered their price target on Kearny Financial shares to $12.00. On Tuesday, January 10th, StockNews.
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com downgraded Kearny Financial from “hold” to “sell”.
On Thursday, December 8th, Compass Point upgraded Kearny Financial from “neutral” to “buy” with an $11.00 target price.
Kearny Financial Performance
NASDAQ: KRNY opened Wednesday at $10.30. The company’s 50-day and 200-day moving average prices are $9.85 and $10.71.
The company has a $695.95 million market cap, an 11.08 P/E ratio, and 0.66 betas. Kearny Financial Corp.’s 52-week range is $9.02–$13.89. Its quick, current, and debt-to-equity ratios are 0.94, 0.94, and 0.97, respectively.
Kearny Financial (NASDAQ: KRNY – Get Rating) reported earnings on October 27th. The savings and loans company’s quarterly EPS of $0.25 beat analysts’ consensus estimate of $0.23 by $0.02. Analysts expected $54.20 million, but the firm earned $54.45 million. Kearny Financial earned 7.01% on equity and 25.80% on the net.
Kearny Financial Dividend
On November 23rd, the company issued a quarterly dividend. Wednesday’s dividend was $0.11. This dividend was ex-dividend on Tuesday, November 8th. A yearly $0.44 dividend yields 4.27%. Kearny Financial pays 47.31% in dividends.
Kearny Finances (Get Rating)
Kearny Financial Corp. holds Kearny Bank, which offers banking services in the US. The company offers checking, money market, savings, and CD accounts.