Boston Partners Decreases Holdings in Kearny Financial (KRNY)

Boston Partners cut its holdings in shares of Kearny Financial (NASDAQ:KRNY) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 248,785 shares of the savings and loans company’s stock after selling 43,855 shares during the quarter. Boston Partners owned 0.32% of Kearny Financial worth $3,235,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KRNY. Two Sigma Advisers LP bought a new position in shares of Kearny Financial in the fourth quarter worth approximately $166,000. Jane Street Group LLC bought a new position in shares of Kearny Financial in the fourth quarter worth approximately $339,000. Salzhauer Michael bought a new position in shares of Kearny Financial in the fourth quarter worth approximately $349,000. Teacher Retirement System of Texas bought a new position in shares of Kearny Financial in the fourth quarter worth approximately $392,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Kearny Financial in the fourth quarter worth approximately $398,000. 65.21% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on KRNY shares. BidaskClub upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. ValuEngine upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $13.50 target price on shares of Kearny Financial in a report on Friday, February 2nd.



In related news, EVP Patrick M. Joyce sold 5,000 shares of Kearny Financial stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $14.00, for a total value of $70,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John F. Regan sold 7,000 shares of Kearny Financial stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $14.11, for a total transaction of $98,770.00. The disclosure for this sale can be found here. Insiders own 3.78% of the company’s stock.

NASDAQ:KRNY opened at $14.35 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 54.42 and a beta of 0.53. Kearny Financial has a twelve month low of $12.75 and a twelve month high of $15.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.86.

About Kearny Financial

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.

Want to see what other hedge funds are holding KRNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kearny Financial (NASDAQ:KRNY).

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

Receive News & Ratings for Kearny Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply