Jacobs Levy Equity Management Inc. Has $3.88 Million Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 79.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 564,572 shares of the savings and loans company’s stock after buying an additional 249,437 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.87% of Kearny Financial worth $3,879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in shares of Kearny Financial during the 3rd quarter valued at about $189,000. Fourthstone LLC bought a new stake in Kearny Financial during the third quarter worth approximately $481,000. BNP Paribas Financial Markets grew its holdings in Kearny Financial by 345.9% during the third quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock valued at $720,000 after purchasing an additional 81,274 shares during the last quarter. FMR LLC raised its position in shares of Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 2,445 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of Kearny Financial by 464.0% in the third quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock worth $78,000 after buying an additional 9,303 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Kearny Financial Stock Performance

KRNY opened at $8.01 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The stock’s 50 day moving average price is $7.49 and its two-hundred day moving average price is $6.70. The firm has a market capitalization of $517.29 million, a P/E ratio of -5.52 and a beta of 0.80. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $9.46.

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

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 annualized dividend and a dividend yield of 5.49%. Kearny Financial’s payout ratio is -30.34%.

Kearny Financial Company Profile

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.