Cwm LLC Purchases 14,377 Shares of Kearny Financial (NASDAQ:KRNY)

Cwm LLC lifted its position in shares of Kearny Financial (NASDAQ:KRNY) by 35.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,179 shares of the savings and loans company’s stock after purchasing an additional 14,377 shares during the quarter. Cwm LLC owned 0.09% of Kearny Financial worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its position in shares of 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 worth $91,000 after purchasing an additional 1,476 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Kearny Financial by 0.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 566,426 shares of the savings and loans company’s stock worth $4,010,000 after acquiring an additional 1,854 shares during the period. First Trust Advisors LP raised its holdings in shares of Kearny Financial by 6.8% during the fourth quarter. First Trust Advisors LP now owns 41,710 shares of the savings and loans company’s stock worth $295,000 after acquiring an additional 2,640 shares during the period. GAMMA Investing LLC raised its holdings in shares of Kearny Financial by 119.6% during the first quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company’s stock worth $40,000 after acquiring an additional 3,461 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Kearny Financial by 21.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 22,577 shares of the savings and loans company’s stock worth $160,000 after acquiring an additional 3,914 shares during the period. 71.01% of the stock is owned by institutional investors.

Kearny Financial Trading Up 0.3%

Shares of NASDAQ:KRNY opened at $6.19 on Friday. Kearny Financial has a 12 month low of $5.45 and a 12 month high of $8.59. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.65. The company’s fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.49. The firm has a market cap of $399.75 million, a price-to-earnings ratio of 14.74 and a beta of 0.72.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Kearny Financial had a return on equity of 3.49% and a net margin of 7.59%. The company had revenue of $40.83 million for the quarter, compared to analyst estimates of $41.16 million.

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.44 annualized dividend and a yield of 7.11%. Kearny Financial’s payout ratio is currently -38.60%.

Wall Street Analysts Forecast Growth

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

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. 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.