State of New Jersey Common Pension Fund D Has $2.47 Million Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

State of New Jersey Common Pension Fund D cut its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNYGet Rating) by 11.0% in the first quarter, HoldingsChannel reports. The fund owned 191,890 shares of the savings and loans company’s stock after selling 23,661 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kearny Financial were worth $2,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Kearny Financial by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 585,007 shares of the savings and loans company’s stock worth $7,751,000 after acquiring an additional 71,844 shares during the period. LSV Asset Management boosted its position in Kearny Financial by 65.7% during the 4th quarter. LSV Asset Management now owns 425,900 shares of the savings and loans company’s stock worth $5,643,000 after acquiring an additional 168,900 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Kearny Financial during the 4th quarter worth about $4,494,000. First Trust Advisors LP boosted its position in Kearny Financial by 11.7% during the 4th quarter. First Trust Advisors LP now owns 159,431 shares of the savings and loans company’s stock worth $2,112,000 after acquiring an additional 16,648 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Kearny Financial by 15.2% during the 4th quarter. Principal Financial Group Inc. now owns 113,584 shares of the savings and loans company’s stock worth $1,505,000 after acquiring an additional 14,950 shares during the period. 64.44% of the stock is currently owned by institutional investors and hedge funds.

Kearny Financial Trading Up 3.6 %

Shares of NASDAQ KRNY opened at $12.13 on Tuesday. Kearny Financial Corp. has a one year low of $10.59 and a one year high of $13.89. The firm has a market capitalization of $854.21 million, a PE ratio of 12.90 and a beta of 0.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $11.50 and a two-hundred day moving average price of $12.34.

Kearny Financial (NASDAQ:KRNYGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). The firm had revenue of $53.41 million for the quarter, compared to analyst estimates of $51.60 million. Kearny Financial had a net margin of 28.12% and a return on equity of 7.04%.

Kearny Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 3.63%. Kearny Financial’s dividend payout ratio is 46.81%.

Insider Activity

In other news, Director John F. Mcgovern purchased 8,000 shares of Kearny Financial stock in a transaction dated Wednesday, May 4th. The stock was acquired at an average cost of $11.90 per share, for a total transaction of $95,200.00. Following the acquisition, the director now directly owns 284,487 shares in the company, valued at $3,385,395.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.23% of the stock is owned by corporate insiders.

Kearny Financial Company Profile

(Get Rating)

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.

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Institutional Ownership by Quarter for Kearny Financial (NASDAQ:KRNY)

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