GSA Capital Partners LLP Sells 6,618 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

GSA Capital Partners LLP cut its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,827 shares of the savings and loans company’s stock after selling 6,618 shares during the quarter. GSA Capital Partners LLP’s holdings in Kearny Financial were worth $1,119,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. grew its stake in Kearny Financial by 53.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock valued at $58,000 after buying an additional 3,249 shares during the last quarter. Signaturefd LLC grew its position in shares of Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 2,560 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Kearny Financial during the second quarter worth approximately $65,000. Pallas Capital Advisors LLC acquired a new stake in shares of Kearny Financial during the third quarter worth $82,000. Finally, Entropy Technologies LP acquired a new position in shares of Kearny Financial in the third quarter valued at about $90,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Stock Down 1.6 %

Shares of KRNY opened at $8.22 on Friday. The firm has a 50 day simple moving average of $7.06 and a two-hundred day simple moving average of $6.44. The company has a market cap of $530.85 million, a P/E ratio of -5.67 and a beta of 0.76. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $9.46. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $87.88 million for the quarter, compared to the consensus estimate of $37.70 million. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%. During the same period last year, the company posted $0.16 EPS.

Kearny Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Wednesday, November 6th. Kearny Financial’s dividend payout ratio (DPR) is currently -30.34%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KRNY shares. Keefe, Bruyette & Woods lifted their price objective on shares of Kearny Financial from $6.00 to $7.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

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.