US Bancorp DE Purchases 12,116 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

US Bancorp DE grew its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 122.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,023 shares of the savings and loans company’s stock after buying an additional 12,116 shares during the period. US Bancorp DE’s holdings in Kearny Financial were worth $151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KRNY. Point72 Asia Singapore Pte. Ltd. grew its position in Kearny Financial by 53.1% in the 2nd 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 last quarter. Signaturefd LLC grew its holdings in shares of Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock worth $61,000 after purchasing an additional 2,560 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Kearny Financial in the 2nd quarter worth about $65,000. Pallas Capital Advisors LLC purchased a new position in Kearny Financial in the 3rd quarter worth about $82,000. Finally, Ballentine Partners LLC bought a new stake in Kearny Financial during the 3rd quarter valued at about $121,000. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their price objective on Kearny Financial from $6.00 to $7.00 and gave the stock a “market perform” rating in a report on Tuesday, July 30th.

Kearny Financial Trading Down 0.1 %

NASDAQ KRNY opened at $8.21 on Friday. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $9.46. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $530.20 million, a price-to-earnings ratio of -5.66 and a beta of 0.76. The company’s 50-day simple moving average is $7.09 and its two-hundred day simple moving average is $6.46.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $87.88 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, November 6th. Kearny Financial’s payout ratio is currently -30.34%.

Kearny Financial 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.