Kearny Financial Corp. (NASDAQ:KRNY) was downgraded by investment analysts at Compass Point from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday.

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Kearny Financial Corp. from $13.00 to $13.50 and gave the company a “market perform” rating in a research report on Wednesday, September 7th.

Shares of Kearny Financial Corp. (NASDAQ:KRNY) opened at 15.10 on Friday. The firm’s 50-day moving average price is $13.98 and its 200 day moving average price is $13.37. Kearny Financial Corp. has a 1-year low of $11.31 and a 1-year high of $15.15. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 76.65 and a beta of 0.57.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be given a $0.02 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.53%. Kearny Financial Corp.’s payout ratio is currently 42.11%.

A number of large investors have recently made changes to their positions in the stock. Northpointe Capital LLC increased its stake in shares of Kearny Financial Corp. by 5.2% in the second quarter. Northpointe Capital LLC now owns 598,133 shares of the company’s stock worth $7,525,000 after buying an additional 29,444 shares during the last quarter. Quantitative Systematic Strategies LLC increased its stake in shares of Kearny Financial Corp. by 9.9% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,601 shares of the company’s stock worth $166,000 after buying an additional 1,229 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Kearny Financial Corp. by 2.5% in the second quarter. Nationwide Fund Advisors now owns 62,917 shares of the company’s stock worth $791,000 after buying an additional 1,562 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Kearny Financial Corp. during the first quarter worth approximately $292,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Kearny Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,062 shares of the company’s stock worth $164,000 after buying an additional 1,584 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

About Kearny Financial Corp.

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.

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