Paloma Partners Management Co lifted its position in Kearny Financial Corp. (NASDAQ:KRNY) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,131 shares of the savings and loans company’s stock after purchasing an additional 931 shares during the period. Paloma Partners Management Co’s holdings in Kearny Financial were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in KRNY. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kearny Financial by 23.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,162 shares of the savings and loans company’s stock valued at $92,000 after purchasing an additional 1,365 shares in the last quarter. Raymond James Trust N.A. bought a new stake in shares of Kearny Financial in the 3rd quarter valued at about $146,000. Citigroup Inc. raised its holdings in shares of Kearny Financial by 645.6% in the 4th quarter. Citigroup Inc. now owns 16,761 shares of the savings and loans company’s stock valued at $215,000 after purchasing an additional 14,513 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its holdings in shares of Kearny Financial by 29.1% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 17,746 shares of the savings and loans company’s stock valued at $228,000 after purchasing an additional 4,000 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its position in shares of Kearny Financial by 35.2% in the 3rd quarter. BlueMountain Capital Management LLC now owns 21,855 shares of the savings and loans company’s stock worth $303,000 after buying an additional 5,686 shares during the last quarter. 66.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Kearny Financial stock traded down $0.04 on Friday, reaching $13.31. The stock had a trading volume of 306,205 shares, compared to its average volume of 267,367. The company has a market cap of $1.24 billion, a P/E ratio of 30.25 and a beta of 0.45. Kearny Financial Corp. has a 1 year low of $11.26 and a 1 year high of $14.80. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.
In other Kearny Financial news, CEO Craig Montanaro sold 4,000 shares of Kearny Financial stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.16, for a total transaction of $52,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Demedici sold 4,789 shares of Kearny Financial stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.20, for a total transaction of $63,214.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,289 shares of company stock worth $213,730. 3.62% of the stock is owned by insiders.
A number of research analysts have recently issued reports on KRNY shares. BidaskClub raised shares of Kearny Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods raised shares of Kearny Financial from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $11.50 to $12.50 in a research report on Thursday, April 4th.
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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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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