18,289 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,289 shares of the savings and loans company’s stock, valued at approximately $126,000.

Other large investors have also bought and sold shares of the company. Ballentine Partners LLC purchased a new stake in shares of Kearny Financial during the third quarter valued at approximately $121,000. Signaturefd LLC lifted its position in Kearny Financial by 40.9% in the 3rd quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after acquiring an additional 2,560 shares in the last quarter. Creative Planning boosted its stake in Kearny Financial by 46.1% during the 3rd quarter. Creative Planning now owns 191,969 shares of the savings and loans company’s stock valued at $1,319,000 after purchasing an additional 60,541 shares during the last quarter. CWM LLC increased its holdings in shares of Kearny Financial by 93.4% in the 3rd quarter. CWM LLC now owns 38,877 shares of the savings and loans company’s stock worth $267,000 after purchasing an additional 18,771 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Kearny Financial by 44.7% in the third quarter. SG Americas Securities LLC now owns 40,902 shares of the savings and loans company’s stock worth $281,000 after purchasing an additional 12,630 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Kearny Financial Trading Down 1.3 %

Shares of KRNY stock opened at $8.37 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.12 and a debt-to-equity ratio of 1.99. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $9.46. The stock has a market capitalization of $540.53 million, a P/E ratio of -5.77 and a beta of 0.76. The firm’s 50 day moving average is $6.99 and its 200 day moving average is $6.41.

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

Kearny Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.26%. Kearny Financial’s dividend payout ratio is currently -30.34%.

Wall Street Analyst Weigh In

Several research firms recently commented on KRNY. Keefe, Bruyette & Woods increased their price objective on Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note 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.