Victory Capital Management Inc. raised its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 15.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,343 shares of the savings and loans company’s stock after purchasing an additional 5,807 shares during the period. Victory Capital Management Inc.’s holdings in Kearny Financial were worth $570,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. purchased a new position in shares of Kearny Financial in the 2nd quarter worth $185,000. Fox Run Management L.L.C. purchased a new position in shares of Kearny Financial in the 2nd quarter worth $284,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Kearny Financial by 75.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 21,914 shares of the savings and loans company’s stock worth $285,000 after buying an additional 9,451 shares during the last quarter. Creative Planning boosted its stake in shares of Kearny Financial by 93.2% in the 2nd quarter. Creative Planning now owns 21,260 shares of the savings and loans company’s stock worth $286,000 after buying an additional 10,256 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Kearny Financial by 71.4% in the 1st quarter. Citigroup Inc. now owns 23,686 shares of the savings and loans company’s stock worth $308,000 after buying an additional 9,869 shares during the last quarter. 63.83% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th.
NASDAQ:KRNY traded up $0.10 on Friday, reaching $14.00. 1,152,700 shares of the company’s stock traded hands, compared to its average volume of 372,779. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.35 billion, a PE ratio of 41.51 and a beta of 0.56. Kearny Financial Corp. has a 12 month low of $12.75 and a 12 month high of $15.60.
Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Monday, July 30th. The savings and loans company reported $0.12 EPS for the quarter. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%. The business had revenue of $43.95 million for the quarter.
The company also recently announced a special dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, October 3rd will be issued a $0.16 dividend. This represents a dividend yield of 1.15%. This is a boost from Kearny Financial’s previous special dividend of $0.12. The ex-dividend date is Tuesday, October 2nd.
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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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