Massachusetts Financial Services Co. MA Has $502,000 Stock Position in Kearny Financial Corp. (NASDAQ:KRNY)

Massachusetts Financial Services Co. MA lessened its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 58.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,094 shares of the savings and loans company’s stock after selling 104,711 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.11% of Kearny Financial worth $502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its position in shares of Kearny Financial by 40.9% in the 3rd quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after buying an additional 2,560 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Kearny Financial by 53.1% during 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 purchasing an additional 3,249 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Kearny Financial in the 2nd quarter valued at $65,000. Pallas Capital Advisors LLC bought a new position in shares of Kearny Financial in the 3rd quarter valued at $82,000. Finally, Intech Investment Management LLC acquired a new position in shares of Kearny Financial during the 3rd quarter worth $86,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Kearny Financial Price Performance

KRNY stock opened at $7.93 on Thursday. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $9.46. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $512.12 million, a price-to-earnings ratio of -5.59 and a beta of 0.76. The company has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $6.59.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $37.70 million. During the same period in the prior year, the business earned $0.16 earnings per share.

Kearny Financial Announces Dividend

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

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.