Swiss National Bank Sells 2,800 Shares of Kearny Financial $KRNY

Swiss National Bank trimmed its position in shares of Kearny Financial (NASDAQ:KRNY) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,664 shares of the savings and loans company’s stock after selling 2,800 shares during the quarter. Swiss National Bank owned approximately 0.17% of Kearny Financial worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KRNY. Wells Fargo & Company MN grew its stake 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 buying an additional 6,501 shares during the last quarter. Legal & General Group Plc grew its stake in Kearny Financial by 15.1% during the fourth quarter. Legal & General Group Plc now owns 59,067 shares of the savings and loans company’s stock worth $418,000 after buying an additional 7,730 shares during the last quarter. Barclays PLC grew its stake in Kearny Financial by 6.9% during the fourth quarter. Barclays PLC now owns 458,121 shares of the savings and loans company’s stock worth $3,243,000 after buying an additional 29,700 shares during the last quarter. Mariner LLC bought a new stake in Kearny Financial during the fourth quarter worth about $82,000. Finally, First Trust Advisors LP grew its stake in 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 buying an additional 2,640 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased 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 research note on Tuesday, April 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Kearny Financial Stock Up 0.3%

Shares of KRNY opened at $6.58 on Wednesday. The firm has a market capitalization of $426.06 million, a price-to-earnings ratio of 15.67 and a beta of 0.73. 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 business’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $6.34. Kearny Financial has a 52 week low of $5.45 and a 52 week high of $8.59.

Kearny Financial (NASDAQ:KRNY) last announced 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). The firm had revenue of $40.83 million during the quarter, compared to the consensus estimate of $41.16 million. Kearny Financial had a net margin of 7.59% and a return on equity of 3.49%.

Kearny Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.7%. The ex-dividend date was Tuesday, August 12th. Kearny Financial’s dividend payout ratio is currently 104.76%.

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.