Kearny Financial (KRNY) Position Reduced by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lessened its stake in Kearny Financial (NASDAQ:KRNY) by 78.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,983 shares of the savings and loans company’s stock after selling 127,664 shares during the period. Parametric Portfolio Associates LLC’s holdings in Kearny Financial were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake 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 during the period. BNP Paribas Arbitrage SA boosted its stake 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 during the period. KCG Holdings Inc. acquired a new stake in shares of Kearny Financial during the first quarter worth about $244,000. Greenwood Capital Associates LLC boosted its stake 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 during the period. Finally, Victory Capital Management Inc. boosted its stake 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 during the period. Institutional investors own 62.44% of the company’s stock.

Shares of Kearny Financial (KRNY) traded down $0.15 on Friday, hitting $14.50. 337,087 shares of the stock traded hands, compared to its average volume of 477,513. Kearny Financial has a twelve month low of $13.35 and a twelve month high of $16.00. The firm has a market capitalization of $1,174.76, a P/E ratio of 63.04 and a beta of 0.56. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

Kearny Financial (NASDAQ:KRNY) last announced its earnings results on Monday, October 30th. The savings and loans company reported $0.07 earnings per share for the quarter, topping 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Kearny Financial’s dividend payout ratio (DPR) is 52.17%.

In related news, Director Matthew T. Mcclane sold 13,804 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $14.42, for a total value of $199,053.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Theodore J. Aanensen sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total transaction of $28,220.00. The disclosure for this sale can be found here. 3.78% of the stock is currently owned by corporate insiders.

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Kearny Financial 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.

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

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