Kearny Financial (KRNY) Director Sells $50,715.00 in Stock
Kearny Financial (NASDAQ:KRNY) Director Theodore J. Aanensen sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $14.49, for a total transaction of $50,715.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Kearny Financial (NASDAQ:KRNY) traded down $0.05 on Thursday, reaching $14.30. 445,772 shares of the company’s stock traded hands, compared to its average volume of 382,754. Kearny Financial has a 1-year low of $13.35 and a 1-year high of $15.95. The firm has a market capitalization of $1,160.00, a P/E ratio of 62.39 and a beta of 0.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.
Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Monday, October 30th. The savings and loans company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Kearny Financial had a net margin of 12.31% and a return on equity of 1.79%. The business had revenue of $29.90 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.12 annualized dividend and a yield of 0.84%. Kearny Financial’s dividend payout ratio is currently 50.00%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its holdings in shares of Kearny Financial by 243.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,972 shares of the savings and loans company’s stock worth $148,000 after buying an additional 7,068 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Kearny Financial by 546.6% during the second quarter. BNP Paribas Arbitrage SA now owns 11,070 shares of the savings and loans company’s stock worth $164,000 after buying an additional 9,358 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in shares of Kearny Financial by 6.9% during the second quarter. Greenwood Capital Associates LLC now owns 16,316 shares of the savings and loans company’s stock worth $242,000 after buying an additional 1,054 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kearny Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 18,007 shares of the savings and loans company’s stock worth $267,000 after buying an additional 2,698 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Kearny Financial during the third quarter worth $304,000. Institutional investors and hedge funds own 62.44% of the company’s stock.
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About Kearny Financial
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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