Insider Selling: Kearny Financial (KRNY) Director Sells $21,915.00 in Stock

Kearny Financial (NASDAQ:KRNY) Director John J. Mazur, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $14.61, for a total value of $21,915.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Kearny Financial (NASDAQ KRNY) remained flat at $$14.70 on Friday. The stock had a trading volume of 274,531 shares, compared to its average volume of 496,891. The company has a market cap of $1,190.00, a P/E ratio of 61.25 and a beta of 0.56. Kearny Financial has a one year low of $13.35 and a one year high of $15.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Monday, October 30th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $29.90 million during the quarter. Kearny Financial had a return on equity of 1.79% and a net margin of 12.31%.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. Kearny Financial’s dividend payout ratio (DPR) is presently 50.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Kearny Financial by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,888,652 shares of the savings and loans company’s stock worth $75,041,000 after acquiring an additional 281,128 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Kearny Financial by 7.6% during the 2nd quarter. Renaissance Technologies LLC now owns 3,703,521 shares of the savings and loans company’s stock worth $54,997,000 after purchasing an additional 262,503 shares during the last quarter. State Street Corp lifted its position in shares of Kearny Financial by 4.0% during the 2nd quarter. State Street Corp now owns 1,925,756 shares of the savings and loans company’s stock worth $28,597,000 after purchasing an additional 74,783 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kearny Financial by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 569,296 shares of the savings and loans company’s stock worth $8,738,000 after purchasing an additional 65,553 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Kearny Financial by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 380,858 shares of the savings and loans company’s stock worth $5,656,000 after purchasing an additional 3,318 shares during the last quarter. Institutional investors own 62.44% of the company’s stock.

Separately, Keefe, Bruyette & Woods reiterated a “sell” rating and set a $14.00 price target on shares of Kearny Financial in a research note on Friday.

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About Kearny Financial

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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