Graham Capital Management L.P. Has $362,000 Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Graham Capital Management L.P. lifted its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 102.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,088 shares of the savings and loans company’s stock after buying an additional 25,903 shares during the quarter. Graham Capital Management L.P.’s holdings in Kearny Financial were worth $362,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KRNY. Invesco Ltd. increased its position in shares of Kearny Financial by 302.1% during the fourth quarter. Invesco Ltd. now owns 876,004 shares of the savings and loans company’s stock worth $6,202,000 after buying an additional 658,150 shares during the period. Rhino Investment Partners Inc increased its position in shares of Kearny Financial by 294.7% during the fourth quarter. Rhino Investment Partners Inc now owns 599,283 shares of the savings and loans company’s stock worth $4,243,000 after buying an additional 447,447 shares during the period. Fourthstone LLC increased its position in shares of Kearny Financial by 439.2% during the fourth quarter. Fourthstone LLC now owns 377,431 shares of the savings and loans company’s stock worth $2,672,000 after buying an additional 307,431 shares during the period. JPMorgan Chase & Co. increased its position in shares of Kearny Financial by 161.1% during the third quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock worth $1,647,000 after buying an additional 147,892 shares during the period. Finally, Algert Global LLC increased its position in shares of Kearny Financial by 586.3% during the fourth quarter. Algert Global LLC now owns 128,480 shares of the savings and loans company’s stock worth $910,000 after buying an additional 109,760 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price target on shares of Kearny Financial from $7.25 to $7.00 and set a “market perform” rating for the company in a report on Tuesday, April 29th.

Kearny Financial Trading Down 2.5%

NASDAQ:KRNY opened at $6.33 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $408.79 million, a price-to-earnings ratio of -5.60 and a beta of 0.70. The firm has a fifty day simple moving average of $6.21 and a two-hundred day simple moving average of $6.98. Kearny Financial Corp. has a 12 month low of $5.31 and a 12 month high of $8.59.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $38.71 million. Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Wednesday, May 7th. Kearny Financial’s payout ratio is -38.60%.

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.