Several institutional investors have changed their investments in Kearny Financial. Vanguard Personalized Indexing Management bought a $65,000 stake in the second quarter. CWM LLC increased its holdings by 1,798.6%, owning 20,106 shares worth $124,000, after adding 19,047 shares. DekaBank purchased shares valued at $133,000, while BNP Paribas boosted its position by 91.3%, owning 27,598 shares worth $178,000 after buying 13,171 more. Caxton Associates raised its stake by 79.0%, now holding 43,687 shares valued at $281,000. Overall, hedge funds and institutional investors control 71.01% of the companys stock.
Kearny Financial Trading Update
Kearny Financial (KRNY) shares opened at $6.64 on Friday, with a 52-week low of $5.28 and high of $9.46. The company has a debt-to-equity ratio of 2.27 and a market cap of $427.86 million.
Earnings Report
On July 25th, Kearny Financial reported $0.09 earnings per share, missing the estimated $0.12. The revenue was $39.08 million, slightly above expectations. The company has a negative net margin of 26.51% but a positive return on equity of 3.41%.
Dividend Announcement
Kearny recently declared a quarterly dividend of $0.11 per share, totaling $0.44 annually, with a dividend yield of 6.63%. The ex-dividend date was August 12th, and the payout ratio is currently 176.00%.
Insider Activity
EVP Thomas Demedici sold 6,304 shares at $6.00 each, totaling $37,824. He now owns 70,614 shares valued at $423,684. Insider ownership is 8.22%.
Analyst Forecasts
Keefe, Bruyette & Woods raised their price target on Kearny Financial from $6.00 to $7.00, giving it a market perform rating in a report on July 30th.
Kearny Financial Overview
Kearny Financial Corp. operates as the holding company for Kearny Bank, offering various banking products in the U.S., including checking and savings accounts.
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