Kearny Financial (KRNY) Stake Lowered by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC cut its holdings in Kearny Financial (NASDAQ:KRNY) by 78.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,983 shares of the savings and loans company’s stock after selling 127,664 shares during the period. Parametric Portfolio Associates LLC’s holdings in Kearny Financial were worth $534,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of KRNY. Oppenheimer Asset Management Inc. increased its stake in shares of Kearny Financial by 243.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,972 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 7,068 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Kearny Financial by 546.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,070 shares of the savings and loans company’s stock worth $164,000 after purchasing an additional 9,358 shares during the period. Greenwood Capital Associates LLC increased its stake in shares of Kearny Financial by 6.9% in the second quarter. Greenwood Capital Associates LLC now owns 16,316 shares of the savings and loans company’s stock worth $242,000 after purchasing an additional 1,054 shares during the period. KCG Holdings Inc. bought a new position in shares of Kearny Financial in the first quarter worth about $244,000. Finally, Victory Capital Management Inc. increased its stake in shares of Kearny Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 18,007 shares of the savings and loans company’s stock worth $267,000 after purchasing an additional 2,698 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.

In related news, Director Matthew T. Mcclane sold 13,804 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $14.42, for a total transaction of $199,053.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Theodore J. Aanensen sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total value of $28,220.00. The disclosure for this sale can be found here. Insiders own 3.78% of the company’s stock.

Kearny Financial (NASDAQ KRNY) opened at $14.45 on Friday. Kearny Financial has a 12 month low of $13.35 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1,180.00, a PE ratio of 63.26 and a beta of 0.58.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Monday, October 30th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.12 annualized dividend and a yield of 0.83%. Kearny Financial’s dividend payout ratio is 50.00%.

KRNY has been the topic of a number of recent analyst reports. 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. BidaskClub lowered Kearny Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.

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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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Institutional Ownership by Quarter for Kearny Financial (NASDAQ:KRNY)

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