UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $645,000 Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,836 shares of the savings and loans company’s stock after selling 13,952 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kearny Financial were worth $645,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KRNY. Point72 Asia Singapore Pte. Ltd. lifted its position in 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 buying an additional 3,249 shares in the last quarter. FMR LLC increased its position in shares of Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 2,445 shares during the last quarter. Signaturefd LLC raised its holdings 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 worth $61,000 after acquiring an additional 2,560 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Kearny Financial during the second quarter valued at approximately $65,000. Finally, Quantbot Technologies LP boosted its position in Kearny Financial by 464.0% during the third quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock valued at $78,000 after purchasing an additional 9,303 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kearny Financial Stock Performance

Shares of KRNY stock opened at $7.42 on Friday. The company has a fifty day moving average price of $7.73 and a two-hundred day moving average price of $6.84. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $9.44. The stock has a market cap of $479.18 million, a P/E ratio of -5.12 and a beta of 0.80. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08.

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

Kearny Financial Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 annualized dividend and a dividend yield of 5.93%. Kearny Financial’s dividend payout ratio is currently -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.