Kearny Financial Corp. (NASDAQ:KRNY) Stock Holdings Decreased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 41.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,497 shares of the savings and loans company’s stock after selling 3,870 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Kearny Financial were worth $38,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. FMR LLC grew its position in Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 2,445 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Kearny Financial by 40.9% during the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after buying an additional 2,560 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Kearny Financial during the second quarter valued at $65,000. Quantbot Technologies LP lifted its stake in Kearny Financial by 464.0% in the 3rd quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock worth $78,000 after acquiring an additional 9,303 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Kearny Financial during the 3rd quarter worth about $82,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

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

Kearny Financial Stock Down 1.5 %

KRNY stock opened at $8.01 on Friday. The company has a 50 day moving average of $7.49 and a two-hundred day moving average of $6.71. The company has a market cap of $517.29 million, a price-to-earnings 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. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $87.88 million during the quarter, compared to analyst estimates of $37.70 million. During the same period last year, the company earned $0.16 earnings per share.

Kearny Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.11 dividend. The ex-dividend date 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.