Dimensional Fund Advisors LP lifted its stake in Kearny Financial (NASDAQ:KRNY) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,607,524 shares of the savings and loans company’s stock after purchasing an additional 315,492 shares during the period. Dimensional Fund Advisors LP owned approximately 5.59% of Kearny Financial worth $68,422,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KRNY. Villere ST Denis J & Co. LLC lifted its stake in shares of Kearny Financial by 16.5% in the second quarter. Villere ST Denis J & Co. LLC now owns 3,839,063 shares of the savings and loans company’s stock valued at $57,010,000 after purchasing an additional 544,435 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Kearny Financial by 10.2% in the first quarter. Renaissance Technologies LLC now owns 3,441,018 shares of the savings and loans company’s stock valued at $51,787,000 after purchasing an additional 318,497 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Kearny Financial by 71.7% in the first quarter. JPMorgan Chase & Co. now owns 564,403 shares of the savings and loans company’s stock valued at $8,495,000 after purchasing an additional 235,752 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kearny Financial by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,399,468 shares of the savings and loans company’s stock valued at $96,313,000 after purchasing an additional 224,755 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of Kearny Financial in the first quarter valued at about $1,739,000. Hedge funds and other institutional investors own 64.12% of the company’s stock.
In other news, Director Theodore J. Aanensen sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total transaction of $28,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.78% of the company’s stock.
Several brokerages recently commented on KRNY. BidaskClub upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $13.00 price objective on shares of Kearny Financial in a research note on Thursday, August 3rd.
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Shares of Kearny Financial (NASDAQ:KRNY) opened at 15.45 on Thursday. Kearny Financial has a 52 week low of $13.35 and a 52 week high of $16.10. The company has a 50 day moving average of $14.70 and a 200 day moving average of $14.63. The firm has a market cap of $1.25 billion, a PE ratio of 70.23 and a beta of 0.61.
Kearny Financial (NASDAQ:KRNY) last announced its earnings results on Friday, July 28th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $29.75 million during the quarter. Kearny Financial had a net margin of 12.37% and a return on equity of 1.70%. On average, equities research analysts anticipate that Kearny Financial will post $0.24 EPS for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.12 per share. This is a positive change from Kearny Financial’s previous special dividend of $0.02. The ex-dividend date is Tuesday, October 3rd. This represents a dividend yield of 0.79%. Kearny Financial’s dividend payout ratio (DPR) is 57.15%.
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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