Kearny Financial (KRNY) Director Sells $199,053.68 in Stock

Kearny Financial (NASDAQ:KRNY) Director Matthew T. Mcclane sold 13,804 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $14.42, for a total value of $199,053.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Kearny Financial (NASDAQ KRNY) traded up $0.20 during midday trading on Tuesday, reaching $14.65. The company’s stock had a trading volume of 681,600 shares, compared to its average volume of 374,685. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. Kearny Financial has a 52-week low of $13.35 and a 52-week high of $16.10. The firm has a market cap of $1,190.00, a price-to-earnings ratio of 62.83 and a beta of 0.58.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Monday, October 30th. The savings and loans company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Kearny Financial had a return on equity of 1.79% and a net margin of 12.31%. The firm had revenue of $29.90 million for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, December 5th. Kearny Financial’s dividend payout ratio is 50.00%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its holdings in Kearny Financial by 457.3% in the 3rd quarter. GSA Capital Partners LLP now owns 72,390 shares of the savings and loans company’s stock valued at $1,111,000 after buying an additional 59,400 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kearny Financial by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,888,652 shares of the savings and loans company’s stock valued at $75,041,000 after buying an additional 281,128 shares in the last quarter. Citadel Advisors LLC grew its holdings in Kearny Financial by 142.7% in the 3rd quarter. Citadel Advisors LLC now owns 38,557 shares of the savings and loans company’s stock valued at $592,000 after buying an additional 22,673 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Kearny Financial by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,296 shares of the savings and loans company’s stock valued at $8,738,000 after buying an additional 65,553 shares in the last quarter. Finally, American International Group Inc. grew its holdings in Kearny Financial by 8.1% in the 3rd quarter. American International Group Inc. now owns 56,960 shares of the savings and loans company’s stock valued at $874,000 after buying an additional 4,258 shares in the last quarter. 64.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on KRNY. BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $13.00 price target on shares of Kearny Financial in a research note on Thursday, August 3rd.

Kearny Financial Company Profile

Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.

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