70,000 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Bought by Fourthstone LLC

Fourthstone LLC purchased a new stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the third quarter, HoldingsChannel.com reports. The firm purchased 70,000 shares of the savings and loans company’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Kearny Financial by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock worth $142,000 after purchasing an additional 1,911 shares during the period. FMR LLC lifted its position in Kearny Financial by 40.4% during the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after buying an additional 2,445 shares in the last quarter. Signaturefd LLC grew its stake in Kearny Financial by 40.9% during the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock worth $61,000 after buying an additional 2,560 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Kearny Financial by 53.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 3,249 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Kearny Financial by 8.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company’s stock valued at $457,000 after acquiring an additional 5,272 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Kearny Financial Stock Down 1.7 %

Shares of NASDAQ:KRNY traded down $0.14 during mid-day trading on Thursday, hitting $7.93. 275,119 shares of the company traded hands, compared to its average volume of 420,564. The firm’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $6.59. The firm has a market cap of $512.12 million, a P/E ratio of -5.47 and a beta of 0.76. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $9.46.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%. The company had revenue of $87.88 million for the quarter, compared to analyst estimates of $37.70 million. During the same quarter last year, the firm posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a yield of 5.55%. Kearny Financial’s dividend payout ratio (DPR) is -30.34%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Kearny Financial Company Profile

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.