Campbell & CO Investment Adviser LLC Acquires 30,937 Shares of Kearny Financial $KRNY

Campbell & CO Investment Adviser LLC raised its holdings in shares of Kearny Financial (NASDAQ:KRNY) by 106.7% during the second quarter, HoldingsChannel reports. The fund owned 59,922 shares of the savings and loans company’s stock after purchasing an additional 30,937 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Kearny Financial were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming bought a new position in shares of Kearny Financial in the first quarter worth $49,000. Entropy Technologies LP bought a new stake in shares of Kearny Financial during the 1st quarter valued at $68,000. Nisa Investment Advisors LLC lifted its holdings in Kearny Financial by 18,309.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,598 shares of the savings and loans company’s stock worth $75,000 after purchasing an additional 11,535 shares in the last quarter. TIAA Trust National Association bought a new position in Kearny Financial in the 1st quarter worth about $78,000. Finally, Aigen Investment Management LP grew its holdings in Kearny Financial by 11.1% during the 1st quarter. Aigen Investment Management LP now owns 18,012 shares of the savings and loans company’s stock valued at $113,000 after buying an additional 1,803 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kearny Financial in a research report on Friday, October 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.75.

Kearny Financial Trading Up 0.2%

Shares of Kearny Financial stock opened at $6.47 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.05 and a quick ratio of 1.04. Kearny Financial has a 1 year low of $5.45 and a 1 year high of $8.55. The firm has a market cap of $418.87 million, a PE ratio of 13.77 and a beta of 0.82. The company has a 50 day simple moving average of $6.56 and a two-hundred day simple moving average of $6.40.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Kearny Financial had a net margin of 8.57% and a return on equity of 3.89%. The firm had revenue of $42.80 million for the quarter, compared to analysts’ expectations of $42.43 million.

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Wednesday, November 5th. Kearny Financial’s dividend payout ratio is presently 93.62%.

Insider Activity at Kearny Financial

In other news, Director Leopold W. Montanaro acquired 10,000 shares of Kearny Financial stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of $6.57 per share, for a total transaction of $65,700.00. Following the transaction, the director owned 265,227 shares of the company’s stock, valued at $1,742,541.39. This trade represents a 3.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 7.44% of the company’s stock.

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.