Robeco Institutional Asset Management B.V. Sells 7,055 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Posted by Defense World Staff on Oct 16th, 2023

Robeco Institutional Asset Management B.V. cut its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY – Free Report) by 43.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,091 shares of the savings and loans company’s stock after selling 7,055 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kearny Financial were worth $64,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KRNY. Private Advisor Group LLC lifted its position in Kearny Financial by 2.9% during the 1st quarter. Private Advisor Group LLC now owns 36,258 shares of the savings and loans company’s stock worth $467,000 after buying an additional 1,019 shares in the last quarter. MetLife Investment Management LLC lifted its position in Kearny Financial by 18.5% during the 1st quarter. MetLife Investment Management LLC now owns 27,996 shares of the savings and loans company’s stock worth $361,000 after buying an additional 4,371 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Kearny Financial by 18.5% in the 1st quarter. Panagora Asset Management Inc. now owns 75,322 shares of the savings and loans company’s stock valued at $970,000 after purchasing an additional 11,767 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kearny Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,044,277 shares of the savings and loans company’s stock valued at $77,851,000 after purchasing an additional 101,930 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kearny Financial by 8.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 562,844 shares of the savings and loans company’s stock valued at $7,250,000 after purchasing an additional 45,942 shares during the period. 64.09% of the stock is owned by institutional investors.

Kearny Financial Stock Down 2.2 %

Shares of KRNY stock opened at $6.65 on Monday. Kearny Financial Corp. has a 52-week low of $6.58 and a 52-week high of $11.32. The stock has a market cap of $433.22 million, a price-to-earnings ratio of 10.56 and a beta of 0.64. The firm’s 50-day moving average is $7.36 and its 200-day moving average is $7.47. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.04 and a current ratio of 1.05.

Kearny Financial (NASDAQ:KRNY – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Kearny Financial had a net margin of 13.77% and a return on equity of 5.82%. The business had revenue of $43.85 million for the quarter, compared to analyst estimates of $42.70 million.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.62%. Kearny Financial’s payout ratio is presently 69.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Kearny Financial in a report on Thursday, October 5th. They issued a “sell” rating on the stock.

View Our Latest Report on KRNY

Insiders Place Their Bets

In other Kearny Financial news, Director John F. Mcgovern bought 7,013 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $7.09 per share, for a total transaction of $49,722.17. Following the transaction, the director now directly owns 300,000 shares in the company, valued at approximately $2,127,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kearny Financial news, Director John F. Mcgovern bought 7,013 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $7.09 per share, for a total transaction of $49,722.17. Following the transaction, the director now directly owns 300,000 shares in the company, valued at approximately $2,127,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Swansson sold 4,200 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $8.41, for a total transaction of $35,322.00. Following the sale, the executive vice president now owns 30,422 shares in the company, valued at approximately $255,849.02. The disclosure for this sale can be found here. Insiders have acquired a total of 15,863 shares of company stock worth $124,280 in the last quarter. Corporate insiders own 8.22% of the company’s stock.

Kearny Financial Profile

(Free Report)

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.