Strs Ohio Sells 13,800 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Strs Ohio reduced its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,900 shares of the savings and loans company’s stock after selling 13,800 shares during the quarter. Strs Ohio owned 0.10% of Kearny Financial worth $600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in Kearny Financial by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 392,869 shares of the savings and loans company’s stock worth $2,723,000 after buying an additional 2,739 shares in the last quarter. SG Americas Securities LLC lifted its position in Kearny Financial by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 39,080 shares of the savings and loans company’s stock worth $351,000 after buying an additional 7,581 shares in the last quarter. Aigen Investment Management LP bought a new stake in Kearny Financial during the 3rd quarter worth about $123,000. Charles Schwab Investment Management Inc. lifted its position in Kearny Financial by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 863,080 shares of the savings and loans company’s stock worth $5,981,000 after buying an additional 52,965 shares in the last quarter. Finally, Inspire Advisors LLC lifted its position in Kearny Financial by 118.8% during the 3rd quarter. Inspire Advisors LLC now owns 111,632 shares of the savings and loans company’s stock worth $774,000 after buying an additional 60,618 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Kearny Financial Stock Down 0.5 %

Shares of KRNY stock opened at $5.72 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day moving average is $6.13 and its 200-day moving average is $7.23. The stock has a market cap of $368.60 million, a price-to-earnings ratio of 19.72 and a beta of 0.71. Kearny Financial Corp. has a 52-week low of $5.44 and a 52-week high of $9.46.

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

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.69%. Kearny Financial’s payout ratio is 151.73%.

Analyst Upgrades and Downgrades

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

Insider Activity

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

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. 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.