Franklin Resources Inc. Raises Position in Kearny Financial Corp. (NASDAQ:KRNY)

Franklin Resources Inc. boosted its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,506 shares of the savings and loans company’s stock after buying an additional 1,576 shares during the period. Franklin Resources Inc.’s holdings in Kearny Financial were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of Kearny Financial by 26.1% in the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock worth $2,944,000 after acquiring an additional 88,771 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Kearny Financial by 345.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock valued at $720,000 after purchasing an additional 81,274 shares during the last quarter. US Bancorp DE boosted its stake in Kearny Financial by 122.3% during the third quarter. US Bancorp DE now owns 22,023 shares of the savings and loans company’s stock worth $151,000 after buying an additional 12,116 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Kearny Financial by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock worth $142,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Kearny Financial by 79.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock valued at $3,879,000 after acquiring an additional 249,437 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Kearny Financial Stock Up 0.9 %

Kearny Financial stock opened at $7.08 on Wednesday. The stock’s fifty day moving average is $7.73 and its two-hundred day moving average is $6.96. The stock has a market cap of $457.23 million, a PE ratio of -4.88 and a beta of 0.80. Kearny Financial Corp. has a 1-year low of $5.28 and a 1-year high of $9.04. 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 (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, meeting 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 the consensus estimate of $37.70 million. During the same period in the prior year, the company posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a yield of 6.21%. Kearny Financial’s dividend payout ratio (DPR) is presently -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.