Vanguard Personalized Indexing Management LLC Sells 2,962 Shares of Kearny Financial $KRNY

Vanguard Personalized Indexing Management LLC decreased its holdings in shares of Kearny Financial (NASDAQ:KRNY) by 21.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,716 shares of the savings and loans company’s stock after selling 2,962 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Kearny Financial were worth $69,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC grew 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 purchasing an additional 3,461 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Kearny Financial by 247.5% during the 1st 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. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Kearny Financial by 43.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,828 shares of the savings and loans company’s stock worth $168,000 after acquiring an additional 8,164 shares during the last quarter. Vanguard Group Inc. grew its position 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 acquiring an additional 111,390 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Kearny Financial by 42.6% in the first quarter. Cerity Partners LLC now owns 41,637 shares of the savings and loans company’s stock valued at $261,000 after acquiring an additional 12,443 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kearny Financial in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.75.

Kearny Financial Stock Performance

Shares of KRNY stock opened at $6.64 on Monday. The company has a market capitalization of $429.94 million, a P/E ratio of 14.13 and a beta of 0.75. 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 stock has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $6.35.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Thursday, October 23rd. The savings and loans company reported $0.15 EPS for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $42.43 million.

Kearny Financial Announces Dividend

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

Insider Activity at Kearny Financial

In other Kearny Financial news, Director Leopold W. Montanaro bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average price of $6.57 per share, for a total transaction of $65,700.00. Following the completion of the acquisition, the director directly owned 265,227 shares in the company, valued at $1,742,541.39. The trade was a 3.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.44% of the stock is currently owned by corporate insiders.

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.