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

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

Wall Street Analysts Forecast Growth

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

Kearny Financial Trading Down 0.4 %

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

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) 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 company had revenue of $87.88 million during the quarter, compared to the consensus estimate of $37.70 million. During the same quarter in the prior year, the firm earned $0.16 EPS.

Kearny Financial Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KRNY. Price T Rowe Associates Inc. MD raised its holdings in shares of Kearny Financial by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company’s stock valued at $457,000 after purchasing an additional 5,272 shares in the last quarter. CWM LLC grew its stake in Kearny Financial by 1,798.6% in the 2nd quarter. CWM LLC now owns 20,106 shares of the savings and loans company’s stock valued at $124,000 after buying an additional 19,047 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Kearny Financial by 3.8% in the 2nd 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 buying an additional 15,423 shares during the last quarter. American Century Companies Inc. grew its stake in Kearny Financial by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock valued at $2,407,000 after buying an additional 10,220 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Kearny Financial in the 2nd quarter valued at $133,000. Institutional investors own 71.01% of the company’s stock.

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.