Renaissance Technologies LLC lowered its stake in shares of Kearny Financial (NASDAQ:KRNY) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,991,121 shares of the savings and loans company’s stock after selling 37,098 shares during the period. Renaissance Technologies LLC owned 5.06% of Kearny Financial worth $57,672,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Kearny Financial in the 3rd quarter worth about $304,000. Salzhauer Michael acquired a new stake in Kearny Financial in the 4th quarter worth about $349,000. Teacher Retirement System of Texas acquired a new stake in Kearny Financial in the 4th quarter worth about $392,000. Citadel Advisors LLC boosted its stake 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 worth $592,000 after buying an additional 22,673 shares during the last quarter. Finally, American International Group Inc. boosted its stake 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 worth $874,000 after buying an additional 4,258 shares during the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $14.00 price target on shares of Kearny Financial in a research note on Friday, December 22nd. BidaskClub lowered Kearny Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th.
Shares of Kearny Financial (KRNY) opened at $13.45 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.81. Kearny Financial has a 52 week low of $12.75 and a 52 week high of $15.63. The stock has a market capitalization of $1,064.39, a PE ratio of 70.79 and a beta of 0.53.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $30.10 million for the quarter. Kearny Financial had a return on equity of 1.80% and a net margin of 9.40%.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, March 6th. Kearny Financial’s dividend payout ratio is currently 63.16%.
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About Kearny Financial
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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