Multiple institutional investors and hedge funds have adjusted their investments in Kearny Financial. Notably, Vanguard Personalized Indexing Management LLC bought a stake worth about $65,000 in the second quarter. CWM LLC dramatically increased its stake by 1,798.6%, now owning 20,106 shares valued at $124,000. DekaBank also invested around $133,000, while BNP Paribas Financial Markets boosted its share by 91.3%, bringing its total to 27,598 shares worth $178,000. Additionally, Caxton Associates LP increased its holdings by 79.0% and now owns shares valued at $281,000. Overall, institutional investors own 71.01% of the company.
Kearny Financial Update
Kearny Financial shares opened at $6.64 on Friday. The stock’s 52-week low is $5.28 and high is $9.46. The company has a market valuation of $427.86 million and a PE ratio of 26.56.
Kearny Financial reported earnings on July 25, posting $0.09 EPS, below the estimated $0.12. Revenue was $39.08 million, slightly above expectations of $39.00 million.
Dividend Announcement
The company declared a quarterly dividend of $0.11 per share, distributed on August 26. This equates to an annual dividend of $0.44, with a yield of 6.63%. The current dividend payout ratio is 176.00%.
Insider Transactions
On August 12, EVP Thomas Demedici sold 6,304 shares at $6.00 each, totaling $37,824. He retains 70,614 shares valued at $423,684, holding 8.22% of the stock as an insider.
Analyst Projections
Keefe, Bruyette & Woods raised their price target for Kearny Financial from $6.00 to $7.00, rating it as market perform.
Kearny Financial Overview
Kearny Financial Corp. operates Kearny Bank, providing various banking products and services in the U.S., including checking accounts, savings accounts, and certificates of deposit.
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Interested in more hedge fund activities with KRNY? Check out HoldingsChannel.com for the latest filings and insider trades.
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