Swiss National Bank trimmed its holdings in Kearny Financial (NASDAQ:KRNY) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 134,364 shares of the savings and loans company’s stock after selling 7,300 shares during the period. Swiss National Bank’s holdings in Kearny Financial were worth $1,942,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in KRNY. Dimensional Fund Advisors LP raised its position in shares of Kearny Financial by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,888,652 shares of the savings and loans company’s stock valued at $75,041,000 after acquiring an additional 281,128 shares in the last quarter. State Street Corp raised its position in shares of Kearny Financial by 4.0% during the 2nd quarter. State Street Corp now owns 1,925,756 shares of the savings and loans company’s stock valued at $28,597,000 after acquiring an additional 74,783 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Kearny Financial during the 4th quarter valued at approximately $1,059,000. JPMorgan Chase & Co. raised its position in shares of Kearny Financial by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 569,296 shares of the savings and loans company’s stock valued at $8,738,000 after acquiring an additional 65,553 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Kearny Financial during the 4th quarter valued at approximately $935,000. 65.84% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on KRNY shares. Keefe, Bruyette & Woods reissued a “sell” rating and set a $14.00 price target on shares of Kearny Financial in a research report on Friday, December 22nd. BidaskClub lowered Kearny Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Tuesday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $30.10 million during the quarter. Kearny Financial had a return on equity of 1.80% and a net margin of 9.40%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.89%. Kearny Financial’s payout ratio is currently 63.16%.
In related news, Director Theodore J. Aanensen sold 3,500 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $14.49, for a total transaction of $50,715.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 6,000 shares of company stock valued at $87,280. 3.78% of the stock is owned by company insiders.
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Kearny Financial Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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