Kearny Financial Corp. (NASDAQ:KRNY) Sees Large Growth in Short Interest

Kearny Financial Corp. (NASDAQ:KRNY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 427,700 shares, a growth of 8.0% from the October 31st total of 395,900 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 332,400 shares, the short-interest ratio is currently 1.3 days.

Kearny Financial Stock Down 2.1 %

KRNY stock opened at $7.97 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. Kearny Financial has a 12 month low of $5.28 and a 12 month high of $9.46. The firm has a 50 day simple moving average of $7.39 and a 200 day simple moving average of $6.65.

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

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial’s dividend payout ratio is currently -30.34%.

Analysts Set New Price Targets

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

Institutional Trading of Kearny Financial

A number of hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 valued at $58,000 after acquiring an additional 3,249 shares during the period. FMR LLC raised its position in shares of Kearny Financial by 40.4% during the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 2,445 shares during the last quarter. Signaturefd LLC boosted its holdings in Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after acquiring an additional 2,560 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Kearny Financial during the 3rd quarter worth about $61,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Kearny Financial during the second quarter worth approximately $65,000. Institutional investors own 71.01% of the company’s stock.

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.