Walleye Capital LLC Makes New Investment in Kearny Financial Corp. (NASDAQ:KRNY)

Walleye Capital LLC bought a new stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 27,446 shares of the savings and loans company’s stock, valued at approximately $189,000.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Kearny Financial by 122.3% in the 3rd quarter. US Bancorp DE now owns 22,023 shares of the savings and loans company’s stock worth $151,000 after purchasing an additional 12,116 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Kearny Financial by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock valued at $142,000 after purchasing an additional 1,911 shares during the last quarter. Creative Planning raised its stake in shares of Kearny Financial by 152.6% during the 2nd quarter. Creative Planning now owns 131,428 shares of the savings and loans company’s stock worth $808,000 after purchasing an additional 79,391 shares during the period. Signaturefd LLC boosted its holdings 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 worth $61,000 after buying an additional 2,560 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Kearny Financial by 101.6% during the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock valued at $8,733,000 after buying an additional 715,500 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Price Performance

KRNY opened at $8.14 on Thursday. The company has a market capitalization of $525.68 million, a price-to-earnings ratio of -5.61 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The firm has a 50-day moving average price of $7.56 and a 200-day moving average price of $6.75. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $9.46.

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

Kearny Financial Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.41%. Kearny Financial’s dividend payout ratio (DPR) is currently -30.34%.

Wall Street Analyst Weigh In

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

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.