Several institutional investors have changed their stakes in Kearny Financial. Vanguard Personalized Indexing bought about $65,000 worth of Kearny Financial in Q2. CWM LLC increased its stake dramatically by 1,798.6% in the same quarter, owning now 20,106 shares worth $124,000 after adding 19,047 shares. DekaBank acquired a new position valued at roughly $133,000, while BNP Paribas boosted its holdings by 91.3%, now owning 27,598 shares valued at $178,000 after buying 13,171 additional shares. Caxton Associates also raised its stake by 79.0% in Q1, owning 43,687 shares worth $281,000 after purchasing 19,277 shares. Overall, institutional investors hold 71.01% of Kearny Financial’s stock.
Kearny Financial Trading Up 0.2%
Kearny Financial stocks opened at $6.64. The company’s stock has a low of $5.28 and a high of $9.46 in the last 52 weeks. Key financial ratios include a debt-to-equity of 2.27, and both quick and current ratios of 1.12. Market cap stands at $427.86 million with a PE ratio of 26.56.
Kearny Financial (NASDAQ:KRNY) last reported earnings on July 25, posting $0.09 EPS, missing expectations of $0.12. Revenue reached $39.08 million, slightly above estimates of $39 million. The company recorded a negative net margin of 26.51% and a positive return on equity of 3.41%.
Kearny Financial Dividend Announcement
The company announced a quarterly dividend of $0.11 per share, paid on August 26, to shareholders recorded by August 12. This equates to an annual dividend of $0.44 with a yield of 6.63%. The payout ratio is currently 176.00%.
Insider Activity at Kearny Financial
In related news, EVP Thomas Demedici sold 6,304 shares at $6.00 each on August 12 for a total of $37,824. Post-sale, he owns 70,614 shares, worth $423,684, reflecting a 0% change in ownership. Insiders currently own 8.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Keefe, Bruyette & Woods upgraded their price target for Kearny Financial from $6.00 to $7.00, rating it as “market perform” in a report on July 30.
View Our Latest Analysis on Kearny Financial
Kearny Financial Profile
Kearny Financial Corp. operates as the holding company for Kearny Bank, offering various banking products such as checking accounts, savings accounts, and certificates of deposit.
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