Cwm LLC Sells 7,358 Shares of Kearny Financial $KRNY

Cwm LLC lessened its stake in Kearny Financial (NASDAQ:KRNY) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,821 shares of the savings and loans company’s stock after selling 7,358 shares during the quarter. Cwm LLC owned about 0.07% of Kearny Financial worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Kearny Financial by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 729,773 shares of the savings and loans company’s stock valued at $4,568,000 after purchasing an additional 54,606 shares in the last quarter. Strs Ohio acquired a new position in Kearny Financial during the 1st quarter worth $501,000. Jane Street Group LLC boosted its position in Kearny Financial by 95.0% in the 1st quarter. Jane Street Group LLC now owns 152,595 shares of the savings and loans company’s stock valued at $955,000 after buying an additional 74,349 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Kearny Financial by 8.7% in the 1st quarter. Empowered Funds LLC now owns 181,165 shares of the savings and loans company’s stock valued at $1,134,000 after buying an additional 14,427 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of Kearny Financial during the first quarter worth $146,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Kearny Financial Stock Up 1.1%

Shares of NASDAQ:KRNY opened at $6.64 on Monday. The company has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $6.35. 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 market capitalization of $429.94 million, a PE ratio of 14.13 and a beta of 0.75. 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 results on Thursday, October 23rd. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Kearny Financial had a net margin of 8.57% and a return on equity of 3.90%. The company had revenue of $42.80 million during the quarter, compared to analyst estimates of $42.43 million.

Kearny Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, November 5th. Kearny Financial’s dividend payout ratio is 104.76%.

Insider Activity at Kearny Financial

In other Kearny Financial news, Director Leopold W. Montanaro acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were acquired at an average price of $6.57 per share, for a total transaction of $65,700.00. Following the acquisition, the director directly owned 265,227 shares of the company’s stock, valued at approximately $1,742,541.39. This trade represents a 3.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Kearny Financial in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.75.

Kearny Financial Company 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.