Kearny Financial (KRNY) Hits New 1-Year Low at $12.26

Kearny Financial Corp. (NASDAQ:KRNY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $12.26 and last traded at $12.50, with a volume of 427167 shares trading hands. The stock had previously closed at $12.62.

Separately, BidaskClub raised Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, September 24th.

The firm has a market capitalization of $1.20 billion, a PE ratio of 32.90 and a beta of 0.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.19 and a quick ratio of 1.19.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Tuesday, October 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Kearny Financial had a return on equity of 2.97% and a net margin of 12.42%. The business had revenue of $43.36 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Kearny Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 27th.

A number of hedge funds have recently modified their holdings of KRNY. Renaissance Technologies LLC grew its holdings in Kearny Financial by 49.3% in the 2nd quarter. Renaissance Technologies LLC now owns 6,020,363 shares of the savings and loans company’s stock worth $80,974,000 after buying an additional 1,986,742 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kearny Financial by 30.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,303,894 shares of the savings and loans company’s stock worth $98,238,000 after buying an additional 1,718,088 shares in the last quarter. BlackRock Inc. grew its holdings in Kearny Financial by 24.6% in the 2nd quarter. BlackRock Inc. now owns 6,956,771 shares of the savings and loans company’s stock worth $93,569,000 after buying an additional 1,374,325 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Kearny Financial by 1,583.2% in the 3rd quarter. Victory Capital Management Inc. now owns 712,704 shares of the savings and loans company’s stock worth $9,871,000 after buying an additional 670,361 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC grew its holdings in Kearny Financial by 12.8% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 4,321,256 shares of the savings and loans company’s stock worth $59,849,000 after buying an additional 488,873 shares in the last quarter. 66.00% of the stock is owned by institutional investors and hedge funds.

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About Kearny Financial (NASDAQ:KRNY)

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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