BidaskClub upgraded shares of Kearny Financial (NASDAQ:KRNY) from a strong sell rating to a sell rating in a research note released on Tuesday.

KRNY opened at $13.50 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.13. Kearny Financial has a 1 year low of $12.75 and a 1 year high of $15.60. The company has a market cap of $1.33 billion, a P/E ratio of 41.06 and a beta of 0.57.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Monday, July 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $43.95 million for the quarter. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Wednesday, August 29th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, August 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.19%.

In other Kearny Financial news, Director John F. Mcgovern acquired 11,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $150,700.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.78% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of KRNY. SG Americas Securities LLC boosted its position in shares of Kearny Financial by 261.2% during the first quarter. SG Americas Securities LLC now owns 39,867 shares of the savings and loans company’s stock valued at $518,000 after purchasing an additional 28,831 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of Kearny Financial by 4,248.0% during the first quarter. Ancora Advisors LLC now owns 949,994 shares of the savings and loans company’s stock valued at $12,350,000 after purchasing an additional 928,145 shares in the last quarter. JBF Capital Inc. bought a new stake in shares of Kearny Financial during the first quarter valued at approximately $4,545,000. Victory Capital Management Inc. boosted its position in shares of Kearny Financial by 92.4% during the first quarter. Victory Capital Management Inc. now owns 36,536 shares of the savings and loans company’s stock valued at $475,000 after purchasing an additional 17,542 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Kearny Financial by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 2,579,798 shares of the savings and loans company’s stock valued at $33,537,000 after purchasing an additional 521,132 shares in the last quarter. Hedge funds and other institutional investors own 63.83% of the company’s stock.

About Kearny Financial

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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