Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. It also provides various loans, such as one-to-four family mortgage loans; commercial mortgages, including loans secured by multi-family, mixed-use, and nonresidential properties; secured and unsecured business loans; consumer loans, such as home equity loans, home equity lines of credit, account loans, overdraft lines of credit, vehicle loans, personal loans, and loans secured by savings accounts and certificates of deposit; and construction loans to builders/developers and individual homeowners. In addition, the company engages in investment activities. As of August 15, 2018, it operated a total of 54 retail branch offices located throughout northern and central New Jersey, and Brooklyn and Staten Island, New York. The company was founded in 1884 and is headquartered in Fairfield, New Jersey.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:KRNY
Previous Symbol
CUSIP48716910
Phone973-244-4500
Debt
Debt-to-Equity Ratio1.15
Current Ratio1.19
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio34.40
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$184.69 million
Price / Sales6.85
Cash Flow$0.3072 per share
Price / Cash41.89
Book Value$12.58 per share
Price / Book1.02
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$19.59 million
Net Margins12.42%
Return on Equity2.97%
Return on Assets0.58%
Miscellaneous
Employees565
Outstanding Shares98,240,000
Market Cap$1.28 billion
OptionableOptionable
Kearny Financial (NASDAQ:KRNY) Frequently Asked Questions
What is Kearny Financial's stock symbol?
Kearny Financial trades on the NASDAQ under the ticker symbol "KRNY."
How often does Kearny Financial pay dividends? What is the dividend yield for Kearny Financial?
Kearny Financial announced a special dividend on Thursday, September 20th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.16 per share on Wednesday, October 17th. This represents a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, October 2nd. This is a positive change from Kearny Financial's previous special dividend of $0.12. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial declared that its board has approved a share buyback program on Sunday, June 4th 2017, which permits the company to buyback 8,560,000 shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its shares are undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial Corp. (NASDAQ:KRNY) posted its quarterly earnings data on Tuesday, October, 30th. The savings and loans company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.12. The savings and loans company had revenue of $43.36 million for the quarter. Kearny Financial had a net margin of 12.42% and a return on equity of 2.97%. View Kearny Financial's Earnings History.
When is Kearny Financial's next earnings date?
What price target have analysts set for KRNY?
1 Wall Street analysts have issued 12 month price objectives for Kearny Financial's stock. Their predictions range from $13.50 to $13.50. On average, they expect Kearny Financial's share price to reach $13.50 in the next year. This suggests a possible upside of 4.9% from the stock's current price. View Analyst Price Targets for Kearny Financial.
What is the consensus analysts' recommendation for Kearny Financial?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kearny Financial in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Kearny Financial.
Has Kearny Financial been receiving favorable news coverage?
News articles about KRNY stock have trended somewhat negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Kearny Financial earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned headlines about the savings and loans company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock's share price in the next few days.
Who are some of Kearny Financial's key competitors?
Some companies that are related to Kearny Financial include TFS Financial (TFSL), Umpqua (UMPQ), BankUnited (BKU), LegacyTexas Financial Group (LTXB), Flagstar Bancorp (FBC), Axos Financial (AX), Columbia Financial (CLBK), Capitol Federal Financial (CFFN), Provident Financial Services (PFS), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL), Meta Financial Group (CASH), Northfield Bancorp (NFBK), BBX Capital (BBXTB) and Dime Community Bancshares (DCOM).
Who are Kearny Financial's key executives?
Kearny Financial's management team includes the folowing people:
- Mr. Craig L. Montanaro, Pres, CEO & Director (Age 52)
- Mr. Eric B. Heyer, Sr. EVP & COO (Age 56)
- Ms. Erika J. Parisi, Exec. VP & Director of Customer Relationship Management Analytics (Age 53)
- Mr. William C. Ledgerwood, Exec. Officer (Age 65)
- Mr. Patrick M. Joyce, Chief Lending Officer & Exec. VP (Age 53)
Who are Kearny Financial's major shareholders?
Kearny Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.65%), BlackRock Inc. (7.15%), Renaissance Technologies LLC (6.12%), Villere ST Denis J & Co. LLC (4.40%), Russell Investments Group Ltd. (2.06%) and Ancora Advisors LLC (1.56%). Company insiders that own Kearny Financial stock include Craig Montanaro, Eric B Heyer, John F Mcgovern, John F Regan, John J Mazur Jr, Joseph P Mazza, Leopold W Montanaro, Matthew T Mcclane, Patrick M Joyce and Theodore J Aanensen. View Institutional Ownership Trends for Kearny Financial.
Which institutional investors are selling Kearny Financial stock?
KRNY stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Russell Investments Group Ltd., Acadian Asset Management LLC, Credit Suisse AG, Wells Fargo & Company MN, Bank of New York Mellon Corp, Janus Henderson Group PLC and Renaissance Technologies LLC. Company insiders that have sold Kearny Financial company stock in the last year include Craig Montanaro, John F Regan, John J Mazur Jr, Joseph P Mazza, Matthew T Mcclane, Patrick M Joyce and Theodore J Aanensen. View Insider Buying and Selling for Kearny Financial.
Which institutional investors are buying Kearny Financial stock?
KRNY stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Villere ST Denis J & Co. LLC, Ancora Advisors LLC, Dimensional Fund Advisors LP, Cannell Peter B & Co. Inc., BlackRock Inc., GSA Capital Partners LLP and Bridgeway Capital Management Inc.. Company insiders that have bought Kearny Financial stock in the last two years include John F Mcgovern and Leopold W Montanaro. View Insider Buying and Selling for Kearny Financial.
How do I buy shares of Kearny Financial?
Shares of KRNY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kearny Financial's stock price today?
One share of KRNY stock can currently be purchased for approximately $12.87.
How big of a company is Kearny Financial?
Kearny Financial has a market capitalization of $1.28 billion and generates $184.69 million in revenue each year. Kearny Financial employs 565 workers across the globe.
What is Kearny Financial's official website?
How can I contact Kearny Financial?
Kearny Financial's mailing address is 120 PASSAIC AVENUE, FAIRFIELD NJ, 07004. The savings and loans company can be reached via phone at 973-244-4500 or via email at [email protected]
MarketBeat Community Rating for Kearny Financial (NASDAQ KRNY)
MarketBeat's community ratings are surveys of what our community members think about Kearny Financial and other stocks. Vote "Outperform" if you believe KRNY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KRNY will underperform the S&P 500 over the long term. You may vote once every thirty days.
