Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 55.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,216 shares of the savings and loans company’s stock after buying an additional 4,363 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kearny Financial were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KRNY. Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 52,965 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Kearny Financial during the 3rd quarter worth approximately $218,000. Aigen Investment Management LP purchased a new stake in shares of Kearny Financial during the 3rd quarter worth approximately $123,000. Bank of New York Mellon Corp grew its position in shares of Kearny Financial by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 392,869 shares of the savings and loans company’s stock valued at $2,723,000 after buying an additional 2,739 shares during the last quarter. Finally, Strs Ohio grew its position in shares of Kearny Financial by 2.3% in the 3rd quarter. Strs Ohio now owns 80,700 shares of the savings and loans company’s stock valued at $559,000 after buying an additional 1,800 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Kearny Financial Price Performance

Shares of NASDAQ KRNY opened at $5.72 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.97. The stock has a market cap of $368.58 million, a P/E ratio of 22.88 and a beta of 0.73. The stock has a 50 day moving average of $5.95 and a two-hundred day moving average of $7.14. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $9.46.

Kearny Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.69%. The ex-dividend date is Tuesday, May 7th. Kearny Financial’s payout ratio is currently 176.00%.

Insider Buying and Selling at Kearny Financial

In related news, Director Melvina Wong-Zaza purchased 3,945 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average price of $6.47 per share, with a total value of $25,524.15. Following the completion of the acquisition, the director now directly owns 6,595 shares in the company, valued at approximately $42,669.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

About Kearny Financial

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.