GSA Capital Partners LLP boosted its position in shares of Kearny Financial (NASDAQ:KRNY) by 457.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,390 shares of the savings and loans company’s stock after purchasing an additional 59,400 shares during the quarter. GSA Capital Partners LLP owned about 0.09% of Kearny Financial worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in KRNY. TD Asset Management Inc. raised its holdings in Kearny Financial by 10.8% during the 2nd quarter. TD Asset Management Inc. now owns 29,700 shares of the savings and loans company’s stock worth $441,000 after purchasing an additional 2,900 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Kearny Financial by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 380,858 shares of the savings and loans company’s stock worth $5,656,000 after purchasing an additional 3,318 shares during the last quarter. Legal & General Group Plc raised its holdings in Kearny Financial by 46.6% during the 2nd quarter. Legal & General Group Plc now owns 30,720 shares of the savings and loans company’s stock worth $456,000 after purchasing an additional 9,765 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Kearny Financial by 546.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,070 shares of the savings and loans company’s stock worth $164,000 after purchasing an additional 9,358 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Kearny Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 18,007 shares of the savings and loans company’s stock worth $267,000 after purchasing an additional 2,698 shares during the last quarter. 62.44% of the stock is owned by hedge funds and other institutional investors.

Kearny Financial (KRNY) opened at $14.70 on Friday. The stock has a market capitalization of $1,190.00, a PE ratio of 61.25 and a beta of 0.56. Kearny Financial has a 12-month low of $13.35 and a 12-month high of $15.95. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Monday, October 30th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $29.90 million during the quarter. Kearny Financial had a return on equity of 1.79% and a net margin of 12.31%.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. Kearny Financial’s payout ratio is currently 50.00%.

In related news, Director Matthew T. Mcclane sold 13,804 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $14.42, for a total value of $199,053.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Theodore J. Aanensen sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $14.49, for a total value of $50,715.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,804 shares of company stock valued at $286,334 over the last 90 days. Corporate insiders own 3.78% of the company’s stock.

Separately, Keefe, Bruyette & Woods restated a “sell” rating and set a $14.00 target price on shares of Kearny Financial in a research report on Friday.

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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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Institutional Ownership by Quarter for Kearny Financial (NASDAQ:KRNY)

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