Kearny Financial Corp. (NASDAQ:KRNY) Stock Holdings Reduced by Citigroup Inc.

Citigroup Inc. lowered its stake in Kearny Financial Corp. (NASDAQ:KRNYFree Report) by 72.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,450 shares of the savings and loans company’s stock after selling 42,789 shares during the quarter. Citigroup Inc.’s holdings in Kearny Financial were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KRNY. Ancora Advisors LLC raised its holdings in Kearny Financial by 900.0% in the 1st quarter. Ancora Advisors LLC now owns 656,009 shares of the savings and loans company’s stock valued at $7,925,000 after acquiring an additional 590,408 shares in the last quarter. Norges Bank acquired a new position in shares of Kearny Financial in the 4th quarter valued at $4,599,000. State Street Corp grew its stake in Kearny Financial by 26.8% in the first quarter. State Street Corp now owns 1,856,898 shares of the savings and loans company’s stock valued at $15,078,000 after acquiring an additional 392,181 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Kearny Financial by 47.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 576,870 shares of the savings and loans company’s stock valued at $4,684,000 after purchasing an additional 184,690 shares during the period. Finally, AQR Capital Management LLC boosted its position in Kearny Financial by 178.6% during the 4th quarter. AQR Capital Management LLC now owns 276,338 shares of the savings and loans company’s stock worth $2,805,000 after acquiring an additional 177,166 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Stock Up 1.9 %

KRNY stock opened at $6.44 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.09 and a quick ratio of 1.09. Kearny Financial Corp. has a fifty-two week low of $5.78 and a fifty-two week high of $9.46. The stock has a market capitalization of $414.99 million, a price-to-earnings ratio of 22.21 and a beta of 0.71. The business’s fifty day moving average price is $6.63 and its two-hundred day moving average price is $7.37.

Kearny Financial (NASDAQ:KRNYGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The savings and loans company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). The company had revenue of $19.83 million during the quarter, compared to the consensus estimate of $42.60 million. Kearny Financial had a return on equity of 4.44% and a net margin of 5.84%.

Kearny Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend was Tuesday, February 6th. Kearny Financial’s payout ratio is 151.73%.

Insider Activity

In other news, Director Christopher Petermann purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $6.14 per share, with a total value of $61,400.00. Following the completion of the purchase, the director now owns 56,139 shares of the company’s stock, valued at approximately $344,693.46. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Christopher Petermann acquired 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $61,400.00. Following the completion of the transaction, the director now directly owns 56,139 shares of the company’s stock, valued at $344,693.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melvina Wong-Zaza acquired 3,945 shares of the stock in a transaction dated Wednesday, February 14th. The shares were bought at an average price of $6.47 per share, with a total value of $25,524.15. Following the completion of the transaction, the director now directly owns 6,595 shares of the company’s stock, valued at $42,669.65. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 15,945 shares of company stock valued at $98,664. 8.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Kearny Financial from a “hold” rating to a “sell” rating in a report on Friday, January 12th.

Get Our Latest Analysis on Kearny Financial

Kearny Financial Company Profile

(Free Report)

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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