SeaCrest Wealth Management LLC Takes Position in Kearny Financial (KRNY)

SeaCrest Wealth Management LLC bought a new stake in shares of Kearny Financial (NASDAQ:KRNY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,700 shares of the savings and loans company’s stock, valued at approximately $935,000. SeaCrest Wealth Management LLC owned 0.08% of Kearny Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of KRNY. Tudor Investment Corp ET AL grew its stake in shares of Kearny Financial by 1.3% in the second quarter. Tudor Investment Corp ET AL now owns 44,515 shares of the savings and loans company’s stock worth $661,000 after acquiring an additional 556 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Kearny Financial by 4.0% in the second quarter. Nationwide Fund Advisors now owns 61,873 shares of the savings and loans company’s stock valued at $919,000 after acquiring an additional 2,370 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Kearny Financial by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 380,858 shares of the savings and loans company’s stock valued at $5,656,000 after acquiring an additional 3,318 shares during the period. Voya Investment Management LLC lifted its holdings in Kearny Financial by 10.3% in the second quarter. Voya Investment Management LLC now owns 40,946 shares of the savings and loans company’s stock valued at $608,000 after acquiring an additional 3,811 shares during the period. Finally, American International Group Inc. lifted its holdings in Kearny Financial by 8.1% in the third quarter. American International Group Inc. now owns 56,960 shares of the savings and loans company’s stock valued at $874,000 after acquiring an additional 4,258 shares during the period. 64.08% of the stock is currently owned by institutional investors.

In other Kearny Financial news, Director Theodore J. Aanensen sold 3,500 shares of Kearny Financial stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $14.49, for a total transaction of $50,715.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 6,000 shares of company stock valued at $87,280 over the last three months. 3.78% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $14.00 price objective on shares of Kearny Financial in a research note on Friday, December 22nd. BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th.

Kearny Financial (NASDAQ KRNY) opened at $13.40 on Monday. The firm has a market capitalization of $1,056.50, a P/E ratio of 58.26 and a beta of 0.49. Kearny Financial has a 1-year low of $12.75 and a 1-year high of $15.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.10 and a current ratio of 1.10.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Tuesday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Kearny Financial had a return on equity of 1.80% and a net margin of 9.40%. The business had revenue of $30.10 million during the quarter.

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Kearny Financial 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.

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

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