GSA Capital Partners LLP Has $1.12 Million Stake in Kearny Financial Corp. (NASDAQ:KRNY)

GSA Capital Partners LLP lowered its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,827 shares of the savings and loans company’s stock after selling 6,618 shares during the period. GSA Capital Partners LLP owned approximately 0.25% of Kearny Financial worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

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

Kearny Financial Trading Down 1.6 %

KRNY opened at $8.22 on Friday. The stock has a market capitalization of $530.85 million, a P/E ratio of -5.67 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. Kearny Financial Corp. has a 12 month low of $5.28 and a 12 month high of $9.46. The firm’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $6.44.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 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 company had revenue of $87.88 million for the quarter, compared to analyst estimates of $37.70 million. During the same period in the previous year, the company posted $0.16 earnings per share.

Kearny Financial Announces Dividend

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

Wall Street Analyst Weigh In

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

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.