About Kearny Financial (NASDAQ:KRNY)
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. The investment securities purchased by the Bank generally include United States agency mortgage-backed securities, United States government and agency debentures and bank-qualified municipal obligations.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Savings & Loans
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NASDAQ:KRNY
- CUSIP: 48716910
- Web: www.kearnyfederalsavings.com
- Market Cap: $1.23 billion
- Outstanding Shares: 82,611,000
- 50 Day Moving Avg: $14.94
- 200 Day Moving Avg: $14.65
- 52 Week Range: $13.35 - $16.10
Sales & Book Value:
- Trailing P/E Ratio: 70.23
- Foreward P/E Ratio: 54.29
- P/E Growth: 16.15
- Annual Revenue: $108.54 million
- Price / Sales: 11.57
- Book Value: $13.09 per share
- Price / Book: 1.16
- Annual Dividend: $0.12
- Dividend Yield: 0.8%
- Net Margins: 12.37%
- Return on Equity: 1.70%
- Return on Assets: 0.40%
- Debt-to-Equity Ratio: 0.76%
- Current Ratio: 1.13%
- Quick Ratio: 1.13%
- Average Volume: 321,615 shs.
- Beta: 0.61
- Short Ratio: 11.37
Frequently Asked Questions for Kearny Financial (NASDAQ:KRNY)
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 21st. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.12 per share on Wednesday, October 18th. This represents a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 3rd. This is a positive change from Kearny Financial's previous special dividend of $0.02. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial announced that its board has initiated a share buyback plan on Sunday, June 4th 2017, which permits the company to repurchase 8,560,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial (NASDAQ:KRNY) announced its earnings results on Friday, July, 28th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.00. The business had revenue of $29.75 million for the quarter. Kearny Financial had a net margin of 12.37% and a return on equity of 1.70%. View Kearny Financial's Earnings History.
When will Kearny Financial make its next earnings announcement?
Where is Kearny Financial's stock going? Where will Kearny Financial's stock price be in 2017?
2 brokerages have issued 12 month price objectives for Kearny Financial's stock. Their forecasts range from $13.00 to $17.00. On average, they anticipate Kearny Financial's share price to reach $15.00 in the next year. View Analyst Ratings for Kearny Financial.
Who are some of Kearny Financial's key competitors?
Some companies that are related to Kearny Financial include Hilltop Holdings (HTH), Columbia Banking System (COLB), Hope Bancorp (HOPE), Nelnet (NNI), Pebblebrook Hotel Trust (PEB), First Midwest Bancorp (FMBI), Great Western Bancorp (GWB), AllianceBernstein Holding L.P. (AB), LendingClub Corporation (LC), Eagle Bancorp (EGBN), Financial Engines (FNGN), Main Street Capital Corporation (MAIN), Xenia Hotels & Resorts (XHR), Kennedy-Wilson Holdings (KW), ServisFirst Bancshares (SFBS), Alexander & Baldwin Holdings (ALEX), National General Holdings Corp (NGHC) and The Carlyle Group L.P. (CG).
Who owns Kearny Financial stock?
Kearny Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fox Run Management L.L.C. (0.05%). Company insiders that own Kearny Financial stock include Christopher Petermann, Eric B Heyer, John F Mcgovern, John F Regan, Leopold W Montanaro, Patrick M Joyce and Theodore J Aanensen. View Institutional Ownership Trends for Kearny Financial.
Who bought Kearny Financial stock? Who is buying Kearny Financial stock?
Kearny Financial's stock was purchased by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C.. Company insiders that have bought Kearny Financial stock in the last two years include Christopher Petermann, John F Mcgovern and Leopold W Montanaro. View Insider Buying and Selling for Kearny Financial.
How do I buy Kearny Financial stock?
Shares of Kearny Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kearny Financial's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Kearny Financial stock can currently be purchased for approximately $15.20.
Consensus Ratings for Kearny Financial (NASDAQ:KRNY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$15.00 (1.32% downside)|Consensus Price Target History for Kearny Financial (NASDAQ:KRNY)
Analysts' Ratings History for Kearny Financial (NASDAQ:KRNY)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/3/2017||Keefe, Bruyette & Woods||Reiterated Rating||Sell||$13.00||Low|
|1/31/2017||Compass Point||Upgrade||Neutral -> Buy||$17.00||N/A|
Earnings History for Kearny Financial (NASDAQ:KRNY)Earnings History by Quarter for Kearny Financial (NASDAQ KRNY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/28/2017||Q4 2017||$0.05||$0.05||$29.75 million||View||N/A|
|8/6/2014||Q414||$0.04||$0.04||$18.67 million||$20.62 million||View||N/A|
|5/1/2014||Q3 2014||$0.05||$0.03||$20.87 million||View||N/A|
Earnings Estimates for Kearny Financial (NASDAQ:KRNY)
Current Year EPS Consensus Estimate: $0.24 EPS
Next Year EPS Consensus Estimate: $0.28 EPS
Current Dividend Information for Kearny Financial (NASDAQ:KRNY)
|Most Recent Dividend:||10/18/2017|
|Payout Ratio:||57.15% (Trailing 12 Months of Earnings) |
50.00% (Based on This Year's Estimates)
42.86% (Based on Next Year's Estimates)
Dividend History by Quarter for Kearny Financial (NASDAQ KRNY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Kearny Financial (NASDAQ:KRNY)
Insider Ownership Percentage: 3.78%Insider Trades by Quarter for Kearny Financial (NASDAQ:KRNY)
Institutional Ownership Percentage: 64.12%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/13/2017||Theodore J. Aanensen||Director||Sell||2,000||$14.11||$28,220.00|| |
|3/10/2017||Eric B. Heyer||CFO||Sell||41,412||$15.38||$636,916.56|| |
|2/2/2017||John F. Regan||Director||Sell||13,450||$14.94||$200,943.00|| |
|8/23/2016||Christopher Petermann||Director||Buy||200||$13.61||$2,722.00|| |
|8/22/2016||Christopher Petermann||Director||Buy||1,000||$13.54||$13,540.00|| |
|8/18/2016||Christopher Petermann||Director||Buy||1,000||$13.53||$13,530.00|| |
|8/11/2016||John F Mcgovern||Director||Buy||3,300||$13.29||$43,857.00|| |
|8/9/2016||Leopold W Montanaro||Director||Buy||1,290||$13.09||$16,886.10|| |
|5/20/2016||Christopher Petermann||Director||Buy||1,000||$12.79||$12,790.00|| |
|5/13/2016||Patrick M Joyce||EVP||Sell||2,500||$12.68||$31,700.00|| |
|5/30/2014||Patrick M Joyce||EVP||Sell||1,000||$14.14||$14,140.00|| |
|5/12/2014||Khanh Vuong||EVP||Sell||1,317||$14.08||$18,543.36|| |
|11/13/2013||Leopold W Montanaro||Director||Buy||1,000||$10.47||$10,470.00|| |
|8/5/2013||Patrick M Joyce||SVP||Sell||2,000||$10.53||$21,060.00|| |
|6/10/2013||Albert E Gossweiler||SVP||Sell||7,076||$10.00||$70,760.00|| |
|6/7/2013||Albert E Gossweiler||SVP||Sell||11,000||$10.01||$110,110.00|| |
|6/6/2013||Albert E Gossweiler||SVP||Sell||7,980||$10.02||$79,959.60|| |
|5/13/2013||Patrick M Joyce||SVP||Sell||1,500||$10.06||$15,090.00|| |
|11/12/2012||Theodore J Aanensen||Director||Buy||2,101||$8.99||$18,887.99|| |
Headline Trends for Kearny Financial (NASDAQ:KRNY)
Latest Headlines for Kearny Financial (NASDAQ:KRNY)
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Kearny Financial (KRNY) Chart for Monday, October, 23, 2017