Intech Investment Management LLC Makes New Investment in Kearny Financial Corp. (NASDAQ:KRNY)

Intech Investment Management LLC purchased a new stake in Kearny Financial Corp. (NASDAQ:KRNY) during the third quarter, Holdings Channel reports. The fund purchased 12,585 shares of the savings and loans company’s stock, valued at approximately $86,000.

Several other large investors have also recently made changes to their positions in KRNY. AQR Capital Management LLC boosted its position in shares of Kearny Financial by 101.6% during the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock worth $8,733,000 after buying an additional 715,500 shares during the period. Millennium Management LLC boosted its holdings in Kearny Financial by 144.1% during the 2nd quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock valued at $4,909,000 after acquiring an additional 471,155 shares during the period. Squarepoint Ops LLC grew its position in Kearny Financial by 259.3% in the 2nd quarter. Squarepoint Ops LLC now owns 136,691 shares of the savings and loans company’s stock valued at $841,000 after acquiring an additional 98,643 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Kearny Financial by 124.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 177,805 shares of the savings and loans company’s stock worth $1,094,000 after purchasing an additional 98,598 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Kearny Financial by 109.9% during the second quarter. Thrivent Financial for Lutherans now owns 184,591 shares of the savings and loans company’s stock worth $1,135,000 after purchasing an additional 96,628 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 Price Performance

Shares of KRNY opened at $8.01 on Monday. The firm has a market capitalization of $517.29 million, a price-to-earnings ratio of -5.52 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. The firm’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $6.71. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $9.46.

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

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a yield of 5.49%. Kearny Financial’s dividend payout ratio (DPR) is presently -30.34%.

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.