Trading Report: The Kearny Financial Corp. (KRNY) Stake Increased by Nationwide Fund Advisors

The Kearny Financial Corp. (KRNY) Stake Increased by Nationwide Fund Advisors

Nationwide Fund Advisors boosted its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 62,917 shares of the company’s stock after buying an additional 1,562 shares during the period. Nationwide Fund Advisors owned about 0.07% of Kearny Financial Corp. worth $791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Airain ltd boosted its position in Kearny Financial Corp. by 11.2% in the second quarter. Airain ltd now owns 26,890 shares of the company’s stock valued at $338,000 after buying an additional 2,716 shares during the period. PNC Financial Services Group Inc. boosted its position in Kearny Financial Corp. by 2.2% in the second quarter. PNC Financial Services Group Inc. now owns 26,570 shares of the company’s stock valued at $334,000 after buying an additional 582 shares during the period. Princeton Alpha Management LP purchased a new position in Kearny Financial Corp. during the second quarter valued at approximately $308,000. First Trust Advisors LP boosted its position in Kearny Financial Corp. by 75.7% in the second quarter. First Trust Advisors LP now owns 192,488 shares of the company’s stock valued at $2,421,000 after buying an additional 82,932 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in Kearny Financial Corp. during the second quarter valued at approximately $252,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.

Kearny Financial Corp. (NASDAQ:KRNY) traded down 0.72% on Friday, hitting $13.85. 256,207 shares of the stock traded hands. Kearny Financial Corp. has a 12-month low of $11.31 and a 12-month high of $14.09. The stock has a market cap of $1.19 billion, a P/E ratio of 70.30 and a beta of 0.63. The stock has a 50-day moving average price of $13.77 and a 200 day moving average price of $13.22.

Kearny Financial Corp. (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Kearny Financial Corp. had a net margin of 11.50% and a return on equity of 1.36%. On average, equities analysts expect that Kearny Financial Corp. will post $0.21 EPS for the current fiscal year.

Separately, Keefe, Bruyette & Woods upped their target price on shares of Kearny Financial Corp. from $13.00 to $13.50 and gave the stock a “market perform” rating in a research report on Wednesday, September 7th.

In other Kearny Financial Corp. news, Director John F. Mcgovern acquired 3,300 shares of Kearny Financial Corp. stock in a transaction dated Thursday, August 11th. The stock was bought at an average cost of $13.29 per share, with a total value of $43,857.00. Following the acquisition, the director now owns 194,853 shares of the company’s stock, valued at $2,589,596.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.68% of the stock is currently owned by company insiders.

Kearny Financial Corp. 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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