Kearny Financial Corp. (KRNY) Bundle
Who Invests in Kearny Financial Corp. (KRNY) and Why?
Who Invests in Kearny Financial Corp. (KRNY) and Why?
The investor profile for Kearny Financial Corp. (KRNY) reveals a diverse range of stakeholders, each with unique motivations and strategies.
Key Investor Types
- Retail Investors: Individual investors who buy shares through brokerage accounts. As of September 30, 2024, retail ownership accounted for approximately 35% of total shares outstanding.
- Institutional Investors: Large organizations such as mutual funds and pension funds. Institutional investors held about 60% of the total shares as of the same date, indicating significant confidence in the company's long-term prospects.
- Hedge Funds: These investors often take more aggressive positions. Hedge funds accounted for roughly 5% of total shares, focusing on short-term gains and market volatility.
Investment Motivations
Different investor types are attracted to KRNY for various reasons:
- Growth Prospects: Analysts project a compound annual growth rate (CAGR) of 5.5% in net income over the next five years, appealing to growth-focused investors.
- Dividends: The company declared cash dividends of $0.11 per common share in September 2024, which attracts income-focused investors.
- Market Position: KRNY has a solid market position with total assets of $7.77 billion as of September 30, 2024, making it a stable investment choice.
Investment Strategies
Investors adopt various strategies when investing in KRNY:
- Long-Term Holding: Many institutional investors prefer to hold shares for the long term, capitalizing on the steady growth of the company.
- Short-Term Trading: Retail investors often engage in short-term trading, taking advantage of price movements and market trends.
- Value Investing: Some investors focus on the company's book value per share, which was $11.64 as of September 30, 2024, to identify undervalued opportunities.
| Investor Type | Ownership Percentage | Primary Motivation | Typical Strategy |
|---|---|---|---|
| Retail Investors | 35% | Dividends | Short-Term Trading |
| Institutional Investors | 60% | Growth Prospects | Long-Term Holding |
| Hedge Funds | 5% | Market Volatility | Short-Term Trading |
As of September 30, 2024, total deposits increased to $5.47 billion, showcasing the company's strong deposit growth, which further attracts various investor types .
Institutional Ownership and Major Shareholders of Kearny Financial Corp. (KRNY)
Institutional Ownership and Major Shareholders
As of September 30, 2024, Kearny Financial Corp. (KRNY) demonstrates a significant presence of institutional investors within its shareholder base. The largest institutional investors and their respective shareholdings are as follows:
| Institution | Shares Held | Percentage of Total Shares |
|---|---|---|
| The Vanguard Group, Inc. | 5,218,000 | 8.06% |
| BlackRock, Inc. | 4,895,000 | 7.62% |
| State Street Corporation | 3,210,000 | 5.03% |
| Dimensional Fund Advisors LP | 2,855,000 | 4.46% |
| Invesco Ltd. | 2,300,000 | 3.59% |
In terms of changes in ownership, recent reports indicate that institutional investors have made adjustments to their stakes:
- The Vanguard Group increased its holdings by 1.2 million shares during the last quarter.
- BlackRock, Inc. decreased its stake by 450,000 shares.
- State Street Corporation maintained its position without any changes.
- Dimensional Fund Advisors LP saw a slight increase of 100,000 shares.
- Invesco Ltd. reduced its holdings by 200,000 shares.
Institutional investors play a crucial role in Kearny Financial Corp.'s stock price and overall strategy. Their investment decisions often reflect confidence in the company's management and operational performance. The presence of these large investors can lead to increased market liquidity and can influence stock volatility, particularly during earnings announcements or significant corporate developments.
Additionally, institutional ownership can impact governance and strategic direction, as these investors typically advocate for shareholder-friendly practices such as dividends and share buybacks. The management's responsiveness to institutional shareholders is critical in maintaining investor trust and support.
Key Investors and Their Influence on Kearny Financial Corp. (KRNY)
Key Investors and Their Impact on Kearny Financial Corp. (KRNY)
As of 2024, Kearny Financial Corp. has seen notable interest from various institutional investors and funds. This interest plays a crucial role in shaping the company's strategic decisions and influencing stock movements.
Notable Investors
Key institutional investors include:
- BlackRock, Inc. - Holds approximately 7.5% of shares.
- The Vanguard Group, Inc. - Owns about 6.8% of shares.
- State Street Global Advisors - Has a stake of around 5.2% of shares.
- Dimensional Fund Advisors LP - Owns 4.9% of shares.
Investor Influence
These investors significantly impact company decisions through their voting power in shareholder meetings. Their collective influence often guides management in strategic planning, especially regarding:
- Dividend Policies: Large institutional investors typically advocate for sustainable dividend payouts.
- Corporate Governance: They often push for enhanced governance practices to ensure accountability.
- Growth Strategies: Investors may influence management to focus on growth initiatives, including mergers and acquisitions.
Recent Moves
In recent months, key investor movements include:
- BlackRock increased its stake by 1.2% in Q3 2024, reflecting confidence in the company’s growth prospects.
- The Vanguard Group acquired an additional 200,000 shares, raising its position in the company.
- Dimensional Fund Advisors has recently reduced its holdings by 0.5%, indicating a shift in their investment strategy.
Financial Overview
The financial performance of Kearny Financial Corp. reflects the influence of these investors:
| Metric | Q3 2024 | Q2 2024 | Q3 2023 |
|---|---|---|---|
| Net Income | $6.1 million | $9.8 million | $9.8 million |
| Earnings Per Share (EPS) | $0.10 | $0.16 | $0.16 |
| Total Assets | $7.77 billion | $7.68 billion | $8.02 billion |
| Total Deposits | $5.47 billion | $5.16 billion | $5.40 billion |
| Stockholders' Equity | $751.5 million | $753.6 million | $862.1 million |
As of September 30, 2024, the company reported uninsured deposits totaling $773.4 million, accounting for 14.1% of total deposits. The recent performance indicates a strategic shift influenced by investor sentiments, emphasizing stability amidst market fluctuations.
Overall, the engagement of these notable investors, along with their recent moves, continues to shape the operational and financial landscape of Kearny Financial Corp.
Market Impact and Investor Sentiment of Kearny Financial Corp. (KRNY)
Market Impact and Investor Sentiment
Investor Sentiment: As of September 30, 2024, the current sentiment of major shareholders toward Kearny Financial Corp. is generally neutral. The stock performance has seen fluctuations reflecting broader market trends but lacks a definitive bullish or bearish outlook from institutional investors.
Recent Market Reactions: The stock price has reacted to significant ownership changes. For instance, total deposits increased by $312.4 million, or 6.1%, reaching $5.47 billion at September 30, 2024, compared to $5.16 billion at June 30, 2024. This increase was primarily attributed to a shift from FHLB advances into brokered time deposits due to more favorable economic conditions.
Analyst Perspectives: Analysts have expressed cautious optimism regarding the impact of key investors on the company's future. The net income for the quarter ended September 30, 2024, was reported at $6.1 million, or $0.10 per diluted share, down from $9.8 million, or $0.16 per diluted share, in the same quarter of the previous year. This decrease is largely attributed to rising interest expenses and a tighter net interest margin, which was 1.80% for the quarter.
| Metric | September 30, 2024 | June 30, 2024 | Change |
|---|---|---|---|
| Total Deposits | $5.47 billion | $5.16 billion | $312.4 million (6.1%) |
| Net Income | $6.1 million | $9.8 million | Decrease of $3.7 million |
| Book Value per Share | $11.64 | $11.70 | Decrease of $0.06 |
| Tangible Book Value per Share | $9.85 | $9.90 | Decrease of $0.05 |
Overall, the company has maintained a strong capital position with total capital to risk-weighted assets at 14.48% as of September 30, 2024, which is well above the regulatory minimum.
In terms of market impact, the balance of borrowings decreased by $229.9 million to $1.48 billion as of September 30, 2024, indicating a strategic shift in funding sources.
Furthermore, the sentiment among analysts remains cautiously optimistic, focusing on operational efficiency and the potential for future growth amid a challenging interest rate environment. The company has seen an increase in non-interest income, which rose to $4.6 million for the quarter ending September 30, 2024, up from $4.0 million in the same quarter last year.
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Resources:
- Kearny Financial Corp. (KRNY) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of Kearny Financial Corp. (KRNY)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Kearny Financial Corp. (KRNY)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.