Legal & General Group Plc lowered its position in Kearny Financial (NASDAQ:KRNY) by 1.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 20,955 shares of the savings and loans company’s stock after selling 371 shares during the period. Legal & General Group Plc’s holdings in Kearny Financial were worth $316,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Kearny Financial by 0.4% in the first quarter. American International Group Inc. now owns 53,296 shares of the savings and loans company’s stock worth $802,000 after buying an additional 229 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in Kearny Financial by 9.1% in the first quarter. Greenwood Capital Associates LLC now owns 15,262 shares of the savings and loans company’s stock worth $230,000 after buying an additional 1,276 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Kearny Financial by 18.5% in the first quarter. Victory Capital Management Inc. now owns 15,309 shares of the savings and loans company’s stock worth $230,000 after buying an additional 2,388 shares during the last quarter. Teachers Advisors LLC boosted its stake in Kearny Financial by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 141,090 shares of the savings and loans company’s stock worth $2,194,000 after buying an additional 4,254 shares during the last quarter. Finally, Creative Planning boosted its stake in Kearny Financial by 4.3% in the first quarter. Creative Planning now owns 108,500 shares of the savings and loans company’s stock worth $1,633,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 66.76% of the company’s stock.

Kearny Financial (NASDAQ KRNY) traded down 0.34% during midday trading on Wednesday, reaching $14.55. 23,864 shares of the company’s stock were exchanged. Kearny Financial has a 52 week low of $12.61 and a 52 week high of $16.10. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 66.14 and a beta of 0.58. The firm’s 50 day moving average is $14.69 and its 200 day moving average is $14.80.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Friday, July 28th. The savings and loans company reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Kearny Financial had a return on equity of 1.68% and a net margin of 12.37%. The business had revenue of $29.75 million for the quarter. On average, equities analysts anticipate that Kearny Financial will post $0.24 earnings per share for the current year.

Kearny Financial declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 24th that allows the company to buyback 8,560,000 outstanding shares. This buyback authorization allows the savings and loans company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of research firms have commented on KRNY. BidaskClub cut shares of Kearny Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods restated an “underperform” rating and set a $13.00 target price (down previously from $14.50) on shares of Kearny Financial in a research note on Tuesday, May 16th.

Kearny Financial 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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Institutional Ownership by Quarter for Kearny Financial (NASDAQ:KRNY)

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