Dimensional Fund Advisors LP Acquires 1,718,088 Shares of Kearny Financial Corp. (KRNY)
Dimensional Fund Advisors LP lifted its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 30.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,303,894 shares of the savings and loans company’s stock after buying an additional 1,718,088 shares during the quarter. Dimensional Fund Advisors LP owned about 7.13% of Kearny Financial worth $98,238,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in KRNY. BlackRock Inc. lifted its stake 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 purchasing an additional 1,374,325 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Kearny Financial by 9.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 57,050 shares of the savings and loans company’s stock worth $767,000 after purchasing an additional 5,000 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Kearny Financial in the 2nd quarter worth approximately $380,000. US Bancorp DE purchased a new stake in Kearny Financial in the 2nd quarter worth approximately $126,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Kearny Financial by 28.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 512,636 shares of the savings and loans company’s stock worth $6,895,000 after purchasing an additional 114,866 shares in the last quarter. Institutional investors own 63.83% of the company’s stock.
Separately, BidaskClub upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 23rd.
NASDAQ KRNY opened at $13.47 on Tuesday. Kearny Financial Corp. has a 1 year low of $12.75 and a 1 year high of $15.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 41.21 and a beta of 0.57.
Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Monday, July 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter. Kearny Financial had a net margin of 10.61% and a return on equity of 2.57%. The business had revenue of $43.95 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Wednesday, August 29th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, August 28th.
Kearny Financial Profile
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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