Tower Research Capital LLC TRC Takes Position in Kearny Financial Corp. (KRNY)
Tower Research Capital LLC TRC purchased a new position in Kearny Financial Corp. (NASDAQ:KRNY) during the second quarter, Holdings Channel reports. The fund purchased 11,880 shares of the company’s stock, valued at approximately $149,000.
Other hedge funds have also recently modified their holdings of the company. Benin Management CORP purchased a new stake in shares of Kearny Financial Corp. during the second quarter worth approximately $127,000. Huntington Asset Advisors Inc. bought a new position in shares of Kearny Financial Corp. during the first quarter valued at about $157,000. Teacher Retirement System of Texas boosted its position in shares of Kearny Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,062 shares of the company’s stock valued at $164,000 after buying an additional 1,584 shares during the period. Quantitative Systematic Strategies LLC boosted its position in shares of Kearny Financial Corp. by 9.9% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,601 shares of the company’s stock valued at $166,000 after buying an additional 1,229 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Kearny Financial Corp. by 37,697.2% in the first quarter. Royal Bank of Canada now owns 13,607 shares of the company’s stock valued at $168,000 after buying an additional 13,571 shares during the period. 62.66% of the stock is owned by institutional investors.
Kearny Financial Corp. (NASDAQ:KRNY) opened at 13.67 on Friday. The firm has a market cap of $1.23 billion, a PE ratio of 77.23 and a beta of 0.63. The stock has a 50 day moving average price of $13.71 and a 200 day moving average price of $13.07. Kearny Financial Corp. has a one year low of $11.31 and a one year high of $14.09.
Kearny Financial Corp. (NASDAQ:KRNY) last posted its earnings results on Thursday, August 4th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Kearny Financial Corp. had a return on equity of 1.36% and a net margin of 11.50%. Equities research analysts expect that Kearny Financial Corp. will post $0.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, August 29th. Kearny Financial Corp.’s dividend payout ratio (DPR) is presently 47.06%.
Separately, Keefe, Bruyette & Woods boosted their price objective on Kearny Financial Corp. from $13.00 to $13.50 and gave the company a “market perform” rating in a report on Wednesday, September 7th.
In other Kearny Financial Corp. news, Director John F. Mcgovern bought 3,300 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were purchased at an average price of $13.29 per share, with a total value of $43,857.00. Following the completion of the acquisition, the director now directly owns 194,853 shares of the company’s stock, valued at approximately $2,589,596.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.68% of the stock is owned by corporate insiders.
Kearny Financial Corp. Company Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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