Northern Trust Corp Has $3.76 Million Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Northern Trust Corp increased its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 530,796 shares of the savings and loans company’s stock after acquiring an additional 21,599 shares during the period. Northern Trust Corp owned about 0.82% of Kearny Financial worth $3,758,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its position in Kearny Financial by 26.1% during the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock worth $2,944,000 after acquiring an additional 88,771 shares during the last quarter. JPMorgan Chase & Co. grew its position in Kearny Financial by 161.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock worth $1,647,000 after acquiring an additional 147,892 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Kearny Financial during the 4th quarter worth approximately $184,000. Empowered Funds LLC grew its position in Kearny Financial by 5.0% during the 4th quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company’s stock worth $1,181,000 after acquiring an additional 7,983 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Kearny Financial by 27.8% during the 4th quarter. SG Americas Securities LLC now owns 52,275 shares of the savings and loans company’s stock worth $370,000 after acquiring an additional 11,373 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their price target on Kearny Financial from $7.25 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 29th.

Kearny Financial Stock Down 2.3%

Shares of KRNY opened at $6.02 on Friday. The firm has a market capitalization of $388.77 million, a price-to-earnings ratio of -5.33 and a beta of 0.70. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average price is $6.19 and its two-hundred day moving average price is $6.95. Kearny Financial Corp. has a 52 week low of $5.31 and a 52 week high of $8.59.

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

Kearny Financial Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, May 7th. This represents a $0.44 dividend on an annualized basis and a yield of 7.31%. Kearny Financial’s payout ratio is -38.60%.

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.