State Board of Administration of Florida Retirement System Has $373,000 Stock Position in Kearny Financial Corp. (NASDAQ:KRNY)

State Board of Administration of Florida Retirement System lowered its stake in Kearny Financial Corp. (NASDAQ:KRNYGet Rating) by 4.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 33,548 shares of the savings and loans company’s stock after selling 1,717 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Kearny Financial were worth $373,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. NCM Capital Management LLC acquired a new position in Kearny Financial in the 1st quarter valued at about $205,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Kearny Financial in the 2nd quarter valued at about $207,000. SG Americas Securities LLC bought a new stake in Kearny Financial in the 2nd quarter valued at about $275,000. PEAK6 Investments LLC bought a new stake in Kearny Financial in the 1st quarter valued at about $345,000. Finally, MetLife Investment Management LLC boosted its holdings in Kearny Financial by 18.5% in the 1st quarter. MetLife Investment Management LLC now owns 27,996 shares of the savings and loans company’s stock valued at $361,000 after purchasing an additional 4,371 shares during the period. Institutional investors and hedge funds own 64.85% of the company’s stock.

Kearny Financial Stock Performance

Shares of Kearny Financial stock opened at $9.46 on Monday. The company has a 50 day moving average of $10.49 and a 200-day moving average of $11.24. Kearny Financial Corp. has a 1-year low of $9.02 and a 1-year high of $13.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The company has a market cap of $639.19 million, a PE ratio of 10.17 and a beta of 0.71.

Kearny Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Tuesday, November 8th. Kearny Financial’s dividend payout ratio (DPR) is presently 47.31%.

Analyst Ratings Changes

A number of research firms have issued reports on KRNY. Piper Sandler cut their price objective on shares of Kearny Financial to $12.00 in a report on Wednesday, October 5th. Compass Point downgraded shares of Kearny Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $11.00 in a report on Friday, October 28th. Finally, StockNews.com began coverage on shares of Kearny Financial in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Kearny Financial 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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