Keeley Teton Advisors LLC Has $21.88 Million Position in Kearny Financial (KRNY)
Keeley Teton Advisors LLC lessened its stake in shares of Kearny Financial (NASDAQ:KRNY) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,406 shares of the savings and loans company’s stock after selling 406,699 shares during the quarter. Kearny Financial accounts for about 1.2% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 27th largest position. Keeley Teton Advisors LLC owned 1.76% of Kearny Financial worth $21,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Kearny Financial by 46.6% during the 2nd quarter. Legal & General Group Plc now owns 30,720 shares of the savings and loans company’s stock worth $456,000 after buying an additional 9,765 shares during the period. Ramsey Quantitative Systems acquired a new stake in Kearny Financial during the 2nd quarter valued at $316,000. Renaissance Technologies LLC increased its holdings in Kearny Financial by 7.6% during the 2nd quarter. Renaissance Technologies LLC now owns 3,703,521 shares of the savings and loans company’s stock valued at $54,997,000 after purchasing an additional 262,503 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kearny Financial by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,524 shares of the savings and loans company’s stock valued at $68,422,000 after purchasing an additional 315,492 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Kearny Financial during the 3rd quarter valued at $623,000. Institutional investors and hedge funds own 62.44% of the company’s stock.
Separately, BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
In other news, Director Theodore J. Aanensen sold 2,000 shares of Kearny Financial stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $14.11, for a total value of $28,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew T. Mcclane sold 13,804 shares of Kearny Financial stock in a transaction on Friday, November 17th. The shares were sold at an average price of $14.42, for a total value of $199,053.68. The disclosure for this sale can be found here. Company insiders own 3.78% of the company’s stock.
Shares of Kearny Financial (NASDAQ KRNY) opened at $14.67 on Wednesday. Kearny Financial has a twelve month low of $13.35 and a twelve month high of $16.10. The firm has a market capitalization of $1,207.17, a price-to-earnings ratio of 64.78 and a beta of 0.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Monday, October 30th. The savings and loans company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. Kearny Financial had a return on equity of 1.79% and a net margin of 12.31%. The firm had revenue of $29.90 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. Kearny Financial’s dividend payout ratio is 52.17%.
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About Kearny Financial
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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