Renaissance Technologies LLC Sells 218,900 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Renaissance Technologies LLC trimmed its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,133,486 shares of the savings and loans company’s stock after selling 218,900 shares during the quarter. Renaissance Technologies LLC owned approximately 4.86% of Kearny Financial worth $19,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Kearny Financial by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 897,523 shares of the savings and loans company’s stock worth $8,051,000 after acquiring an additional 34,443 shares during the last quarter. Bank of New York Mellon Corp grew its position in Kearny Financial by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company’s stock worth $2,624,000 after acquiring an additional 15,423 shares during the last quarter. American Century Companies Inc. grew its position in Kearny Financial by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock worth $2,407,000 after acquiring an additional 10,220 shares during the last quarter. rhino investment partners Inc bought a new position in Kearny Financial during the 4th quarter worth approximately $2,553,000. Finally, Massachusetts Financial Services Co. MA grew its position in Kearny Financial by 124.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 177,805 shares of the savings and loans company’s stock worth $1,094,000 after acquiring an additional 98,598 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price target on Kearny Financial from $6.00 to $7.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th.

Kearny Financial Price Performance

Shares of KRNY stock opened at $6.96 on Friday. The firm has a market cap of $448.48 million, a P/E ratio of 27.84 and a beta of 0.77. Kearny Financial Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $9.46. The business’s 50 day moving average price is $6.66 and its 200-day moving average price is $6.12. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.12 and a current ratio of 1.12.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $39.08 million during the quarter, compared to the consensus estimate of $39.00 million. Kearny Financial had a positive return on equity of 3.41% and a negative net margin of 26.51%.

Kearny Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were given a $0.11 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.32%. Kearny Financial’s dividend payout ratio is currently 176.00%.

Insider Transactions at Kearny Financial

In other news, EVP Thomas Demedici sold 6,304 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $6.00, for a total value of $37,824.00. Following the completion of the transaction, the executive vice president now owns 70,614 shares in the company, valued at approximately $423,684. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.22% of the company’s stock.

Kearny Financial Company 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.