Campbell & CO Investment Adviser LLC Purchases 30,937 Shares of Kearny Financial $KRNY

Campbell & CO Investment Adviser LLC raised its holdings in shares of Kearny Financial (NASDAQ:KRNY) by 106.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,922 shares of the savings and loans company’s stock after purchasing an additional 30,937 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.09% of Kearny Financial worth $387,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Aigen Investment Management LP grew its holdings in shares of Kearny Financial by 11.1% during the first quarter. Aigen Investment Management LP now owns 18,012 shares of the savings and loans company’s stock valued at $113,000 after buying an additional 1,803 shares during the last quarter. State of Wyoming bought a new stake in Kearny Financial during the 1st quarter worth approximately $49,000. Entropy Technologies LP bought a new stake in Kearny Financial during the 1st quarter worth approximately $68,000. Nisa Investment Advisors LLC raised its stake in shares of Kearny Financial by 18,309.5% in the second quarter. Nisa Investment Advisors LLC now owns 11,598 shares of the savings and loans company’s stock worth $75,000 after purchasing an additional 11,535 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Kearny Financial by 22.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 64,573 shares of the savings and loans company’s stock valued at $404,000 after purchasing an additional 11,763 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Leopold W. Montanaro purchased 10,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were purchased at an average price of $6.57 per share, with a total value of $65,700.00. Following the transaction, the director directly owned 265,227 shares of the company’s stock, valued at approximately $1,742,541.39. This represents a 3.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kearny Financial in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kearny Financial has a consensus rating of “Hold” and a consensus price target of $7.75.

Kearny Financial Price Performance

Shares of NASDAQ:KRNY opened at $6.47 on Monday. The company has a market capitalization of $418.87 million, a P/E ratio of 13.77 and a beta of 0.82. The company’s 50-day moving average is $6.56 and its 200 day moving average is $6.40. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.04 and a current ratio of 1.05. Kearny Financial has a fifty-two week low of $5.45 and a fifty-two week high of $8.55.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $42.80 million during the quarter, compared to the consensus estimate of $42.43 million. Kearny Financial had a net margin of 8.57% and a return on equity of 3.89%.

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, November 5th. Kearny Financial’s dividend payout ratio (DPR) is currently 93.62%.

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.