Walleye Capital LLC Acquires Shares of 27,446 Kearny Financial Corp. (NASDAQ:KRNY)

Walleye Capital LLC bought a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,446 shares of the savings and loans company’s stock, valued at approximately $189,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRNY. AQR Capital Management LLC boosted its position in shares of Kearny Financial by 101.6% in the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock valued at $8,733,000 after acquiring an additional 715,500 shares during the period. Millennium Management LLC grew its position in shares of Kearny Financial by 144.1% during the 2nd quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock worth $4,909,000 after purchasing an additional 471,155 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kearny Financial by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company’s stock worth $2,624,000 after purchasing an additional 15,423 shares during the period. American Century Companies Inc. raised its position in shares of Kearny Financial by 2.7% in the second quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock valued at $2,407,000 after buying an additional 10,220 shares in the last quarter. Finally, Creative Planning raised its position in shares of Kearny Financial by 46.1% in the third quarter. Creative Planning now owns 191,969 shares of the savings and loans company’s stock valued at $1,319,000 after buying an additional 60,541 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Kearny Financial Trading Up 1.8 %

Shares of Kearny Financial stock opened at $8.14 on Thursday. The firm’s 50-day moving average price is $7.56 and its two-hundred day moving average price is $6.75. The company has a market capitalization of $525.68 million, a price-to-earnings ratio of -5.61 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $9.46.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%. The business had revenue of $87.88 million for the quarter, compared to analysts’ expectations of $37.70 million. During the same period last year, the firm posted $0.16 earnings per share.

Kearny Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 annualized dividend and a dividend yield of 5.41%. Kearny Financial’s dividend payout ratio is currently -30.34%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

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. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.