Villere ST Denis J & Co. LLC lessened its holdings in shares of Kearny Financial (NASDAQ:KRNY) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,818,213 shares of the savings and loans company’s stock after selling 20,850 shares during the period. Kearny Financial comprises approximately 3.4% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 17th largest holding. Villere ST Denis J & Co. LLC owned about 4.73% of Kearny Financial worth $58,609,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in KRNY. SG Americas Securities LLC purchased a new position in Kearny Financial during the 1st quarter valued at about $118,000. Oppenheimer Asset Management Inc. increased its holdings in Kearny Financial by 243.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,972 shares of the savings and loans company’s stock valued at $148,000 after purchasing an additional 7,068 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Kearny Financial by 546.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,070 shares of the savings and loans company’s stock valued at $164,000 after purchasing an additional 9,358 shares during the period. Greenwood Capital Associates LLC increased its holdings in Kearny Financial by 6.9% during the 2nd quarter. Greenwood Capital Associates LLC now owns 16,316 shares of the savings and loans company’s stock valued at $242,000 after purchasing an additional 1,054 shares during the period. Finally, KCG Holdings Inc. purchased a new position in Kearny Financial during the 1st quarter valued at about $244,000. Institutional investors own 63.70% of the company’s stock.
Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Monday, October 30th. The savings and loans company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $29.90 million for the quarter. Kearny Financial had a net margin of 12.31% and a return on equity of 1.76%.
The business also recently announced a special dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, October 3rd. This is a positive change from Kearny Financial’s previous special dividend of $0.02. This represents a dividend yield of 0.79%. Kearny Financial’s dividend payout ratio (DPR) is 52.17%.
A number of research analysts recently issued reports on KRNY shares. Keefe, Bruyette & Woods restated a “sell” rating and set a $13.00 price target on shares of Kearny Financial in a report on Thursday, August 3rd. BidaskClub downgraded Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
In other news, Director Theodore J. Aanensen sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total transaction of $28,220.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.78% of the company’s stock.
Kearny Financial Company 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.
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