Geode Capital Management LLC Sells 35,877 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Geode Capital Management LLC cut its position in Kearny Financial Corp. (NASDAQ:KRNY) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,352,976 shares of the savings and loans company’s stock after selling 35,877 shares during the quarter. Geode Capital Management LLC’s holdings in Kearny Financial were worth $9,297,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KRNY. AQR Capital Management LLC boosted its holdings in Kearny Financial by 101.6% during the second 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 acquiring an additional 715,500 shares during the period. Millennium Management LLC lifted its position in shares of Kearny Financial by 144.1% during the 2nd quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock worth $4,909,000 after purchasing an additional 471,155 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Kearny Financial by 79.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock valued at $3,879,000 after purchasing an additional 249,437 shares during the period. Squarepoint Ops LLC grew its holdings in Kearny Financial by 259.3% in the 2nd quarter. Squarepoint Ops LLC now owns 136,691 shares of the savings and loans company’s stock valued at $841,000 after buying an additional 98,643 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Kearny Financial by 124.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 177,805 shares of the savings and loans company’s stock valued at $1,094,000 after buying an additional 98,598 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Stock Performance

NASDAQ KRNY opened at $7.08 on Thursday. The company’s fifty day moving average is $7.72 and its two-hundred day moving average is $6.96. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $9.04. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $457.23 million, a price-to-earnings ratio of -4.88 and a beta of 0.80.

Kearny Financial (NASDAQ:KRNY) last released 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. The business had revenue of $87.88 million for the quarter, compared to the consensus estimate 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 last year, the business earned $0.16 earnings per share.

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date was Wednesday, November 6th. Kearny Financial’s dividend payout ratio is presently -30.34%.

Wall Street Analyst Weigh In

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

About Kearny Financial

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.