Allspring Global Investments Holdings LLC Has $694,000 Position in Kearny Financial Corp. (NASDAQ:KRNY)

Allspring Global Investments Holdings LLC lowered its stake in shares of Kearny Financial Corp. (NASDAQ:KRNYGet Rating) by 1.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 65,380 shares of the savings and loans company’s stock after selling 1,071 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kearny Financial were worth $694,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Kearny Financial by 14.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 189,210 shares of the savings and loans company’s stock valued at $2,102,000 after purchasing an additional 23,794 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Kearny Financial during the 2nd quarter valued at $323,000. Occudo Quantitative Strategies LP boosted its holdings in shares of Kearny Financial by 41.9% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 40,342 shares of the savings and loans company’s stock valued at $448,000 after acquiring an additional 11,922 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Kearny Financial during the 2nd quarter valued at $848,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Kearny Financial by 101.2% during the 2nd quarter. Citadel Advisors LLC now owns 32,019 shares of the savings and loans company’s stock valued at $356,000 after acquiring an additional 16,103 shares in the last quarter. Institutional investors and hedge funds own 65.41% of the company’s stock.

Kearny Financial Stock Performance

KRNY stock opened at $10.42 on Monday. The stock has a 50-day moving average price of $9.90 and a 200-day moving average price of $10.69. Kearny Financial Corp. has a 1-year low of $9.02 and a 1-year high of $13.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm has a market cap of $704.06 million, a PE ratio of 11.20 and a beta of 0.66.

Kearny Financial (NASDAQ:KRNYGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The savings and loans company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Kearny Financial had a return on equity of 7.01% and a net margin of 25.80%. The firm had revenue of $54.45 million during the quarter, compared to analyst estimates of $54.20 million.

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.44 annualized dividend and a dividend yield of 4.22%. Kearny Financial’s dividend payout ratio is presently 47.31%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KRNY. Compass Point raised Kearny Financial from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, December 8th. TheStreet lowered Kearny Financial from a “b-” rating to a “c” rating in a research report on Wednesday, November 30th. StockNews.com lowered Kearny Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Finally, Piper Sandler lowered their target price on Kearny Financial to $12.00 in a research report on Wednesday, October 5th.

About Kearny Financial

(Get Rating)

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.

Further Reading

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

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