Kearny Financial Corp. (NASDAQ:KRNY) Short Interest Up 8.0% in November

Kearny Financial Corp. (NASDAQ:KRNY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 427,700 shares, an increase of 8.0% from the October 31st total of 395,900 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 332,400 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Hedge Funds Weigh In On Kearny Financial

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Kearny Financial by 101.6% during the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock worth $8,733,000 after acquiring an additional 715,500 shares during the period. Millennium Management LLC raised its stake in Kearny Financial by 144.1% during the second quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock worth $4,909,000 after acquiring an additional 471,155 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Kearny Financial by 79.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock worth $3,879,000 after acquiring an additional 249,437 shares during the period. Barclays PLC increased its stake in shares of Kearny Financial by 26.1% in the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock valued at $2,944,000 after purchasing an additional 88,771 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Kearny Financial by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company’s stock valued at $2,624,000 after purchasing an additional 15,423 shares during the period. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Trading Down 0.4 %

KRNY stock traded down $0.03 during midday trading on Monday, hitting $7.89. The stock had a trading volume of 67,424 shares, compared to its average volume of 417,866. The firm has a market cap of $509.54 million, a PE ratio of -5.39 and a beta of 0.76. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. Kearny Financial has a 12-month low of $5.28 and a 12-month high of $9.46. The company’s 50-day moving average price is $7.37 and its 200 day moving average price is $6.64.

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

Kearny Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 annualized dividend and a dividend yield of 5.58%. Kearny Financial’s payout ratio is -30.34%.

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.