Swiss National Bank Purchases 2,800 Shares of Kearny Financial Corp. (KRNY)
Swiss National Bank boosted its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 151,864 shares of the company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank owned about 0.17% of Kearny Financial Corp. worth $1,910,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Panagora Asset Management Inc. boosted its stake in shares of Kearny Financial Corp. by 181.4% in the first quarter. Panagora Asset Management Inc. now owns 474,999 shares of the company’s stock worth $5,866,000 after buying an additional 306,184 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of Kearny Financial Corp. by 116.5% in the first quarter. Kennedy Capital Management Inc. now owns 304,057 shares of the company’s stock worth $3,755,000 after buying an additional 163,641 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Kearny Financial Corp. by 3.9% in the first quarter. Renaissance Technologies LLC now owns 3,110,021 shares of the company’s stock worth $38,409,000 after buying an additional 116,020 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Kearny Financial Corp. by 8.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,455,688 shares of the company’s stock worth $17,978,000 after buying an additional 111,618 shares during the period. Finally, BB&T Corp bought a new stake in shares of Kearny Financial Corp. during the second quarter worth about $1,372,000. 62.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kearny Financial Corp. (NASDAQ:KRNY) traded down 0.29% during trading on Wednesday, reaching $13.81. The company’s stock had a trading volume of 343,326 shares. The company has a 50 day moving average of $13.56 and a 200 day moving average of $12.93. The company has a market cap of $1.24 billion, a PE ratio of 78.02 and a beta of 0.56. Kearny Financial Corp. has a 12-month low of $11.23 and a 12-month high of $14.09.
Kearny Financial Corp. (NASDAQ:KRNY) last posted its earnings results on Thursday, August 4th. The company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. Kearny Financial Corp. had a return on equity of 1.36% and a net margin of 11.50%. On average, analysts anticipate that Kearny Financial Corp. will post $0.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, August 29th. Kearny Financial Corp.’s payout ratio is currently 47.06%.
Separately, Keefe, Bruyette & Woods increased their price objective on Kearny Financial Corp. from $13.00 to $13.50 and gave the stock a “market perform” rating in a report on Wednesday, September 7th.
In other news, Director John F. Mcgovern acquired 3,300 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average price of $13.29 per share, with a total value of $43,857.00. Following the completion of the acquisition, the director now directly owns 194,853 shares of the company’s stock, valued at approximately $2,589,596.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.68% of the stock is owned by corporate insiders.
Kearny Financial Corp. Company Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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