Kearny Financial (KRNY) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kearny Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KRNY shares.
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2 brokers have issued 12-month price targets for Kearny Financial's stock. Their KRNY share price forecasts range from $9.00 to $12.00. On average, they anticipate the company's stock price to reach $10.67 in the next twelve months. This suggests a possible upside of 52.8% from the stock's current price.
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Kearny Financial's stock was trading at $10.15 at the beginning of 2023. Since then, KRNY stock has decreased by 31.2% and is now trading at $6.98.
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Kearny Financial saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,770,000 shares, an increase of 6.0% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 238,000 shares, the short-interest ratio is currently 7.4 days. Approximately 3.1% of the company's shares are short sold.
View Kearny Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our KRNY earnings forecast.

Kearny Financial Corp. (NASDAQ:KRNY) announced its quarterly earnings results on Thursday, July, 27th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The savings and loans company had revenue of $43.85 million for the quarter, compared to analysts' expectations of $42.70 million. Kearny Financial had a trailing twelve-month return on equity of 5.82% and a net margin of 13.77%.

Kearny Financial announced a quarterly dividend on Thursday, July 27th. Investors of record on Wednesday, August 9th will be given a dividend of $0.11 per share on Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for KRNY.

Kearny Financial (NASDAQ:KRNY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 6.27%. KRNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.84%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for KRNY.

11 employees have rated Kearny Financial Chief Executive Officer Craig L. Montanaro on Glassdoor.com. Craig L. Montanaro has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kearny Financial investors own include Public Service Enterprise Group (PEG), Southern National Bancorp of Virginia (SONA), New Jersey Resources (NJR), Pure Storage (PSTG), Columbia Financial (CLBK), Meridian Bancorp (EBSB), General Electric (GE), Intel (INTC), Altria Group (MO).

Kearny Financial trades on the NASDAQ under the ticker symbol "KRNY."

Kearny Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.81%), BlackRock Inc. (7.37%), Renaissance Technologies LLC (5.25%), Villere ST Denis J & Co. LLC (4.61%), State Street Corp (2.89%) and Driehaus Capital Management LLC (2.53%). Insiders that own company stock include Curtland E Fields, John F Mcgovern, John F Regan, John J Mazur Jr, Leopold W Montanaro, Leopold W Montanaro, Melvina Wong-Zaza, Patrick M Joyce, Patrick M Joyce, Raymond E Chandonnet, Theodore J Aanensen, Thomas Demedici and Timothy A Swansson.
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Shares of KRNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KRNY stock can currently be purchased for approximately $6.98.

Kearny Financial (NASDAQ:KRNY) has a market capitalization of $454.75 million and generates $296.48 million in revenue each year. The savings and loans company earns $40.81 million in net income (profit) each year or $0.63 on an earnings per share basis.

The company employs 556 workers across the globe.

Kearny Financial's mailing address is 120 PASSAIC AVENUE, FAIRFIELD NJ, 07004. The official website for the company is www.kearnybank.com. The savings and loans company can be reached via phone at (973) 244-4500 or via email at tclaus@kearnybank.com.