Hsbc Holdings PLC Trims Stock Holdings in Kearny Financial $KRNY

Hsbc Holdings PLC lowered its position in Kearny Financial (NASDAQ:KRNY) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,417 shares of the savings and loans company’s stock after selling 5,614 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Kearny Financial worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KRNY. Invesco Ltd. grew its stake in Kearny Financial by 34.6% in the first quarter. Invesco Ltd. now owns 1,179,395 shares of the savings and loans company’s stock worth $7,383,000 after purchasing an additional 303,391 shares in the last quarter. Vanguard Group Inc. grew its stake in Kearny Financial by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,166,121 shares of the savings and loans company’s stock worth $19,820,000 after purchasing an additional 111,390 shares in the last quarter. Algert Global LLC grew its stake 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 worth $910,000 after purchasing an additional 109,760 shares in the last quarter. GSA Capital Partners LLP grew its stake 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 worth $939,000 after purchasing an additional 106,855 shares in the last quarter. Finally, Pinnacle Holdings LLC bought a new position in Kearny Financial in the first quarter worth approximately $621,000. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Stock Down 0.3%

Shares of NASDAQ:KRNY opened at $6.72 on Thursday. Kearny Financial has a 52-week low of $5.45 and a 52-week high of $8.59. The stock has a market cap of $435.12 million, a P/E ratio of 16.00 and a beta of 0.78. The business’s 50 day moving average is $6.38 and its 200 day moving average is $6.32. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.71.

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

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Kearny Financial’s dividend payout ratio (DPR) is 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.