Kearny Financial (NASDAQ:KRNY) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Shares of NASDAQ KRNY opened at $13.85 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. Kearny Financial has a fifty-two week low of $12.75 and a fifty-two week high of $15.60. The stock has a market cap of $1.38 billion, a PE ratio of 42.42 and a beta of 0.57.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Monday, July 30th. The savings and loans company reported $0.12 earnings per share for the quarter. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%. The business had revenue of $43.95 million for the quarter.

In other Kearny Financial news, Director John F. Mcgovern bought 11,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were acquired at an average price of $13.70 per share, with a total value of $150,700.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.62% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KRNY. Renaissance Technologies LLC raised its position in shares of Kearny Financial by 49.3% during the 2nd quarter. Renaissance Technologies LLC now owns 6,020,363 shares of the savings and loans company’s stock worth $80,974,000 after acquiring an additional 1,986,742 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Kearny Financial by 30.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,303,894 shares of the savings and loans company’s stock worth $98,238,000 after buying an additional 1,718,088 shares during the last quarter. BlackRock Inc. grew its stake in Kearny Financial by 24.6% during the 2nd quarter. BlackRock Inc. now owns 6,956,771 shares of the savings and loans company’s stock worth $93,569,000 after buying an additional 1,374,325 shares during the last quarter. Ancora Advisors LLC grew its stake in Kearny Financial by 4,248.0% during the 1st quarter. Ancora Advisors LLC now owns 949,994 shares of the savings and loans company’s stock worth $12,350,000 after buying an additional 928,145 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Kearny Financial by 25.3% during the 1st quarter. Russell Investments Group Ltd. now owns 2,579,798 shares of the savings and loans company’s stock worth $33,537,000 after buying an additional 521,132 shares during the last quarter. 63.82% of the stock is currently owned by institutional investors and hedge funds.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.

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