Entropy Technologies LP Buys New Position in Kearny Financial Corp. (NASDAQ:KRNY)

Entropy Technologies LP bought a new position in Kearny Financial Corp. (NASDAQ:KRNY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,100 shares of the savings and loans company’s stock, valued at approximately $90,000.

Several other institutional investors have also recently added to or reduced their stakes in KRNY. The Manufacturers Life Insurance Company increased its stake in shares of Kearny Financial by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock valued at $142,000 after acquiring an additional 1,911 shares in the last quarter. Signaturefd LLC increased its stake in Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 2,560 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Kearny Financial by 53.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 3,249 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Kearny Financial by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company’s stock valued at $457,000 after purchasing an additional 5,272 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Kearny Financial by 23.1% in the 2nd quarter. Sei Investments Co. now owns 48,500 shares of the savings and loans company’s stock valued at $298,000 after buying an additional 9,100 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Kearny Financial Stock Down 0.1 %

Shares of NASDAQ KRNY opened at $8.21 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50-day moving average price of $7.09 and a 200-day moving average price of $6.47. The stock has a market capitalization of $530.20 million, a P/E ratio of -5.66 and a beta of 0.76. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $9.46.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $87.88 million for the quarter, compared to analysts’ expectations of $37.70 million. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%. During the same quarter last year, the firm earned $0.16 EPS.

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, November 6th. Kearny Financial’s dividend payout ratio is -30.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRNY. Keefe, Bruyette & Woods upped their price target on Kearny Financial from $6.00 to $7.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Kearny Financial Company Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.