Kearny Financial $KRNY Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its holdings in shares of Kearny Financial (NASDAQ:KRNY) by 34.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,179,395 shares of the savings and loans company’s stock after purchasing an additional 303,391 shares during the period. Invesco Ltd. owned about 1.83% of Kearny Financial worth $7,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRNY. Rhino Investment Partners Inc lifted its position in Kearny Financial by 294.7% during the fourth quarter. Rhino Investment Partners Inc now owns 599,283 shares of the savings and loans company’s stock valued at $4,243,000 after purchasing an additional 447,447 shares during the period. Vanguard Group Inc. lifted its position in Kearny Financial by 3.6% during the first quarter. Vanguard Group Inc. now owns 3,166,121 shares of the savings and loans company’s stock valued at $19,820,000 after purchasing an additional 111,390 shares during the period. Algert Global LLC increased its holdings in Kearny Financial by 586.3% in the fourth quarter. Algert Global LLC now owns 128,480 shares of the savings and loans company’s stock valued at $910,000 after buying an additional 109,760 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Kearny Financial by 247.5% in the first quarter. GSA Capital Partners LLP now owns 150,037 shares of the savings and loans company’s stock valued at $939,000 after buying an additional 106,855 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Kearny Financial by 1,274.6% in the first quarter. GAMMA Investing LLC now owns 39,782 shares of the savings and loans company’s stock valued at $249,000 after buying an additional 36,888 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut 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 report on Tuesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Kearny Financial Stock Up 1.2%

KRNY opened at $6.56 on Tuesday. Kearny Financial has a fifty-two week low of $5.45 and a fifty-two week high of $8.59. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.05. The company has a fifty day moving average of $6.30 and a two-hundred day moving average of $6.34. The stock has a market capitalization of $424.76 million, a price-to-earnings ratio of 15.62 and a beta of 0.73.

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

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be given a $0.11 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.44 annualized dividend and a dividend yield of 6.7%. Kearny Financial’s dividend payout ratio (DPR) is 104.76%.

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.