American Century Companies Inc. Purchases 10,220 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

American Century Companies Inc. increased its position in Kearny Financial Corp. (NASDAQ:KRNY) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 391,352 shares of the savings and loans company’s stock after purchasing an additional 10,220 shares during the quarter. American Century Companies Inc.’s holdings in Kearny Financial were worth $2,407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KRNY. CWM LLC grew its stake in Kearny Financial by 1,798.6% in the second quarter. CWM LLC now owns 20,106 shares of the savings and loans company’s stock worth $124,000 after purchasing an additional 19,047 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Kearny Financial by 91.3% in the first quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock worth $178,000 after purchasing an additional 13,171 shares in the last quarter. Caxton Associates LP boosted its position in Kearny Financial by 79.0% during the 1st quarter. Caxton Associates LP now owns 43,687 shares of the savings and loans company’s stock valued at $281,000 after acquiring an additional 19,277 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Kearny Financial by 8.0% during 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 in the last quarter. Finally, Inspire Advisors LLC boosted its position in Kearny Financial by 15.9% during the 1st quarter. Inspire Advisors LLC now owns 139,025 shares of the savings and loans company’s stock valued at $895,000 after acquiring an additional 19,092 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Stock Performance

Shares of KRNY stock opened at $6.74 on Friday. The firm has a market capitalization of $434.31 million, a price-to-earnings ratio of 26.96 and a beta of 0.77. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average of $6.68 and a 200 day moving average of $6.15. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $9.46.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $39.08 million for the quarter, compared to analysts’ expectations of $39.00 million. Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, August 12th. Kearny Financial’s dividend payout ratio (DPR) is presently 176.00%.

Insider Activity

In related news, EVP Thomas Demedici sold 6,304 shares of Kearny Financial stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $6.00, for a total value of $37,824.00. Following the sale, the executive vice president now directly owns 70,614 shares in the company, valued at approximately $423,684. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price on Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

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.