Thrivent Financial for Lutherans Decreases Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Thrivent Financial for Lutherans lessened its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,873 shares of the savings and loans company’s stock after selling 15,718 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kearny Financial were worth $1,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KRNY. AQR Capital Management LLC raised its holdings in shares of Kearny Financial by 101.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock valued at $8,733,000 after buying an additional 715,500 shares during the period. Millennium Management LLC raised its stake in shares of Kearny Financial by 144.1% during the second quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock valued at $4,909,000 after purchasing an additional 471,155 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Kearny Financial by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company’s stock valued at $2,624,000 after purchasing an additional 15,423 shares during the period. American Century Companies Inc. lifted its position in shares of Kearny Financial by 2.7% during the second quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock worth $2,407,000 after purchasing an additional 10,220 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Kearny Financial by 46.1% in the third quarter. Creative Planning now owns 191,969 shares of the savings and loans company’s stock valued at $1,319,000 after purchasing an additional 60,541 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Kearny Financial Trading Down 0.1 %

Shares of KRNY opened at $7.92 on Monday. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $9.46. The stock has a 50-day moving average price of $7.37 and a 200 day moving average price of $6.63. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $511.47 million, a P/E ratio of -5.46 and a beta of 0.76.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $87.88 million during the quarter, compared to analysts’ expectations of $37.70 million. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. During the same period in the prior year, the business posted $0.16 EPS.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial’s payout ratio is currently -30.34%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

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.