White Pine Capital LLC Has $1.11 Million Stock Holdings in Kearny Financial $KRNY

White Pine Capital LLC boosted its position in Kearny Financial (NASDAQ:KRNY) by 123.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,416 shares of the savings and loans company’s stock after buying an additional 95,271 shares during the period. White Pine Capital LLC owned approximately 0.27% of Kearny Financial worth $1,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KRNY. Bank of New York Mellon Corp grew its stake in Kearny Financial by 11.0% in the first quarter. Bank of New York Mellon Corp now owns 370,916 shares of the savings and loans company’s stock valued at $2,322,000 after acquiring an additional 36,711 shares during the period. Cerity Partners LLC lifted its holdings in shares of Kearny Financial by 42.6% in the 1st quarter. Cerity Partners LLC now owns 41,637 shares of the savings and loans company’s stock worth $261,000 after purchasing an additional 12,443 shares in the last quarter. CWM LLC lifted its holdings in shares of Kearny Financial by 35.2% in the 1st quarter. CWM LLC now owns 55,179 shares of the savings and loans company’s stock worth $345,000 after purchasing an additional 14,377 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Kearny Financial by 22.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 64,573 shares of the savings and loans company’s stock valued at $404,000 after purchasing an additional 11,763 shares during the period. Finally, GSA Capital Partners LLP increased its stake in Kearny Financial by 247.5% during the 1st quarter. GSA Capital Partners LLP now owns 150,037 shares of the savings and loans company’s stock valued at $939,000 after purchasing an additional 106,855 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Stock Down 0.3%

Shares of NASDAQ:KRNY opened at $6.37 on Friday. The business’s 50 day moving average is $6.53 and its 200 day moving average is $6.40. Kearny Financial has a 12-month low of $5.45 and a 12-month high of $8.55. The stock has a market cap of $412.39 million, a price-to-earnings ratio of 13.55 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.60.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $42.80 million for the quarter, compared to analysts’ expectations of $42.43 million. Kearny Financial had a return on equity of 3.89% and a net margin of 8.57%.

Kearny Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 5th. This represents a $0.44 annualized dividend and a yield of 6.9%. Kearny Financial’s payout ratio is 93.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kearny Financial in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kearny Financial has a consensus rating of “Hold” and a consensus target price of $7.75.

Insiders Place Their Bets

In other news, Director Leopold W. Montanaro bought 10,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were purchased at an average price of $6.57 per share, with a total value of $65,700.00. Following the transaction, the director directly owned 265,227 shares in the company, valued at $1,742,541.39. This represents a 3.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.44% of the company’s stock.

Kearny Financial Profile

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