DekaBank Deutsche Girozentrale Takes Position in Kearny Financial $KRNY

DekaBank Deutsche Girozentrale acquired a new stake in Kearny Financial (NASDAQ:KRNY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,713 shares of the savings and loans company’s stock, valued at approximately $140,000.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Kearny Financial by 8.1% in the 1st 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 during the period. Strs Ohio bought a new stake in shares of Kearny Financial in the 1st quarter valued at approximately $501,000. Jane Street Group LLC grew its stake in shares of 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 purchasing an additional 74,349 shares during the period. Empowered Funds LLC grew 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 purchasing an additional 14,427 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of Kearny Financial in the 1st quarter worth approximately $146,000. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Stock Performance

KRNY stock opened at $6.54 on Tuesday. The business’s fifty day moving average is $6.58 and its 200-day moving average is $6.36. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.71. The company has a market cap of $423.47 million, a P/E ratio of 13.92 and a beta of 0.75. Kearny Financial has a twelve month low of $5.45 and a twelve month high of $8.59.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, October 23rd. The savings and loans company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $42.80 million for the quarter, compared to the consensus estimate of $42.43 million. Kearny Financial had a return on equity of 3.90% and a net margin of 8.57%.

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.7%. Kearny Financial’s dividend payout ratio is 93.62%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Kearny Financial in a 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.75.

Insider Buying and Selling at Kearny Financial

In related news, Director Leopold W. Montanaro purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were bought at an average price of $6.57 per share, with a total value of $65,700.00. Following the purchase, the director directly owned 265,227 shares in the company, valued at $1,742,541.39. This trade represents a 3.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 7.44% of the stock is currently owned by company insiders.

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.