BNP Paribas Financial Markets Has $665,000 Stock Position in Kearny Financial Corp. (NASDAQ:KRNY)

BNP Paribas Financial Markets lowered its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,990 shares of the savings and loans company’s stock after selling 10,782 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of Kearny Financial worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP raised its holdings in Kearny Financial by 13.1% during the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company’s stock valued at $91,000 after buying an additional 1,476 shares in the last quarter. First Trust Advisors LP lifted its holdings in Kearny Financial by 6.8% in the 4th quarter. First Trust Advisors LP now owns 41,710 shares of the savings and loans company’s stock worth $295,000 after purchasing an additional 2,640 shares during the last quarter. Quarry LP acquired a new stake in Kearny Financial in the 4th quarter worth approximately $28,000. Wells Fargo & Company MN boosted its position in Kearny Financial by 20.8% during the fourth quarter. Wells Fargo & Company MN now owns 37,817 shares of the savings and loans company’s stock worth $268,000 after purchasing an additional 6,501 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Kearny Financial by 14.1% during the fourth quarter. Hsbc Holdings PLC now owns 54,031 shares of the savings and loans company’s stock valued at $379,000 after purchasing an additional 6,664 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Stock Performance

KRNY opened at $6.02 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.69. The stock’s 50 day moving average price is $6.19 and its two-hundred day moving average price is $6.95. The firm has a market capitalization of $388.77 million, a P/E ratio of -5.33 and a beta of 0.70. Kearny Financial Corp. has a 12-month low of $5.31 and a 12-month high of $8.59.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%. The company had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $38.71 million.

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.11 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.44 annualized dividend and a yield of 7.31%. Kearny Financial’s dividend payout ratio is -38.60%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Kearny Financial from $7.25 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, April 29th.

Kearny Financial 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.