Quantinno Capital Management LP Acquires 9,698 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Quantinno Capital Management LP lifted its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 75.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,591 shares of the savings and loans company’s stock after purchasing an additional 9,698 shares during the quarter. Quantinno Capital Management LP’s holdings in Kearny Financial were worth $155,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after buying an additional 2,445 shares during the last quarter. Signaturefd LLC boosted its position in Kearny Financial by 40.9% during the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 2,560 shares during the last quarter. Point72 DIFC Ltd bought a new position in Kearny Financial in the third quarter valued at approximately $61,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Kearny Financial by 53.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Kearny Financial during the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kearny Financial Trading Down 1.7 %

Kearny Financial stock opened at $8.03 on Wednesday. The stock has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $6.81. The stock has a market capitalization of $518.58 million, a P/E ratio of -5.54 and a beta of 0.80. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $9.46.

Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. The business had revenue of $87.88 million for the quarter, compared to analyst estimates of $37.70 million. During the same period in the previous year, the firm earned $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 paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Wednesday, November 6th. Kearny Financial’s dividend payout ratio is presently -30.34%.

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.