NASDAQ:KRNY

Kearny Financial - KRNY Stock Forecast, Price & News

$10.79

-0.30 (-2.71%)

(As of 10/5/2022 01:58 PM ET)

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Today's Range: $10.79
▼
$11.03
50-Day Range: $10.62
▼
$12.49
52-Week Range: $10.59
▼
$13.89

Volume: 8,816 shs
Average Volume: 293,919 shs
Market Capitalization: $735.66 million

P/E Ratio: 11.48
Dividend Yield: 4.06%
Price Target: $14.00

Kearny Financial MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 28.8% Upside
$14.00 Price Target
Short Interest: Healthy
3.58% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$30,025 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

280th out of 925 stocks

Federal Savings Institutions Industry

11th out of 46 stocks

3.0

Analyst's Opinion

Consensus Rating
Kearny Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, Kearny Financial has a forecasted upside of 28.8% from its current price of $10.87.
Amount of Analyst Coverage
Kearny Financial has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.58% of the float of Kearny Financial has been sold short.
Short Interest Ratio / Days to Cover
Kearny Financial has a short interest ratio ("days to cover") of 8.3.
Change versus previous month
Short interest in Kearny Financial has recently decreased by 2.26%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Kearny Financial is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kearny Financial has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of Kearny Financial is 46.81%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KRNY.

2.0

News and Social Media Coverage

News Sentiment
Kearny Financial has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Kearny Financial this week, compared to 0 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kearny Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $30,025.00 in company stock.
Percentage Held by Insiders
Only 7.56% of the stock of Kearny Financial is held by insiders.
Percentage Held by Institutions
64.85% of the stock of Kearny Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Kearny Financial is 11.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kearny Financial is 11.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.73.
Price to Book Value per Share Ratio
Kearny Financial has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Kearny Financial (NASDAQ:KRNY) Stock

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 multi-family and nonresidential real estate mortgage loans, commercial term loans and lines of credit, one- to four-family first mortgage loans, and home equity loans and lines of credit; loans to individuals, builders, or developers for the construction of multi-family residential buildings or commercial real estate, or for the construction or renovation of one- to four-family residences; overdraft lines of credit; and personal loans. In addition, the company engages in investment activities. As of August 1, 2022, it operated a total of 45 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. Kearny Financial Corp. was founded in 1884 and is headquartered in Fairfield, New Jersey.

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KRNY Stock News Headlines

September 30, 2022 | seekingalpha.com

Kearny Financial Aggressively Buying Back Shares

September 20, 2022 | reuters.com

Kearny Financial Corp

September 15, 2022 | seekingalpha.com

KRNY Kearny Financial Corp.

September 15, 2022 | finance.yahoo.com

With 72% ownership of the shares, Kearny Financial Corp. (NASDAQ:KRNY) is heavily dominated by institutional owners

September 6, 2022 | nasdaq.com

With 72% institutional ownership, Kearny Financial Corp. (NASDAQ:KRNY) is a favorite amongst the big guns

August 8, 2022 | nasdaq.com

This Stock Has A 3.71% Yield, Sells For Less Than Book, and Insiders Have Been Buying

August 4, 2022 | msn.com

Kearny Financial's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

August 1, 2022 | finance.yahoo.com

Kearny Financial Corp. Announces Authorization of a New Stock Repurchase Plan and Completion of 10% Stock Repurchase Plan

July 28, 2022 | msn.com

Recap: Kearny Financial Q4 Earnings

July 28, 2022 | finance.yahoo.com

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2022 Results and Declaration of Cash Dividend

July 3, 2022 | seekingalpha.com

Kearny Financial Continuing To Do What It Does Best

June 20, 2022 | finance.yahoo.com

The past five years for Kearny Financial (NASDAQ:KRNY) investors has not been profitable

June 16, 2022 | finance.yahoo.com

Kearny Financial Corp. Promotes Keith Suchodolski to Senior Executive Vice President

May 5, 2022 | uk.finance.yahoo.com

Can the Kearny Financial dividend ride out economic uncertainty?

April 28, 2022 | seekingalpha.com

Kearny Financial declares $0.11 dividend

April 28, 2022 | finance.yahoo.com

Kearny Financial Corp. Announces Third Quarter Fiscal 2022 Results and Declaration of Cash Dividend

March 16, 2022 | seekingalpha.com

Kearny Financial's Share Buybacks Improve Dividend Coverage

February 23, 2022 | finance.yahoo.com

How Much Of Kearny Financial Corp. (NASDAQ:KRNY) Do Institutions Own?

February 3, 2022 | benzinga.com

Kearny Financial: Dividend Insights

February 1, 2022 | nasdaq.com

Kearny Financial's (NASDAQ:KRNY) investors will be pleased with their favorable 31% return over the last year

January 28, 2022 | benzinga.com

Recap: Kearny Financial Q2 Earnings

January 27, 2022 | seekingalpha.com

Kearny Financial Corp. declares $0.11 dividend

January 27, 2022 | finance.yahoo.com

Kearny Financial Corp. Announces Second Quarter Fiscal 2022 Results and Declaration of Cash Dividend

January 15, 2022 | nasdaq.com

Kearny Financial Corp Common Stock (KRNY)

December 25, 2021 | nz.finance.yahoo.com

Kearny Financial (NASDAQ:KRNY) shareholders have earned a 27% return over the last year

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30 days | 90 days | 365 days | Advanced Chart

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KRNY Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 8/24 Dividend: 8/09/2022
Dividend Payable: 8/24/2022
Today: 10/05/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Federal savings institutions
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NASDAQ:KRNY
CUSIP: 48716910
CIK: 1617242
Web: www.kearnybank.com
Phone: (973) 244-4500
Fax: N/A
Employees: 584
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.00
High Stock Price Forecast: $14.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: +29.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.94
Trailing P/E Ratio: 11.48
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $67.55 million
Net Margins: 28.12%
Pretax Margin: 38.44%
Return on Equity: 7.21%
Return on Assets: 0.94%

Debt

Debt-to-Equity Ratio: 1.03
Current Ratio: 0.94
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $240.21 million
Price / Sales: 3.06
Cash Flow: $1.01 per share
Price / Cash Flow: 10.65
Book Value: $12.69 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 68,180,000
Free Float: 63,026,000
Market Cap: $735.66 million
Optionable: Optionable
Beta: 0.75

Key Executives

Mr. Craig L. Montanaro (Age 56)
Pres, CEO & Director
Comp: $1.15M

Mr. Keith Suchodolski (Age 42)
Sr. Exec. VP & CFO
Comp: $528.57k

Mr. Timothy A. Swansson (Age 44)
Exec. VP and Chief Technology & Innovation Officer
Comp: $414.42k

Mr. John V. Dunne (Age 71)
Exec. VP & Chief Risk Officer
Comp: $366.63k

Ms. Erika K. Parisi (Age 57)
Exec. VP & Chief Admin. Officer

Taryn Rockwell
Investor Relations Associate

Mr. Thomas D. DeMedici (Age 61)
Exec. VP & Chief Credit Officer

Mr. Anthony V. Bilotta Jr. (Age 62)
Exec. VP & Chief Banking Officer of Kearny Bank

Ms. Gail M. Corrigan
Sr. VP & Corp. Sec.

Mr. Patrick M. Joyce (Age 57)
Exec. VP & Chief Lending Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KRNY Stock - Frequently Asked Questions

Should I buy or sell Kearny Financial stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kearny Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" KRNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KRNY, but not buy additional shares or sell existing shares.
View KRNY analyst ratings or view top-rated stocks.
What is Kearny Financial's stock price forecast for 2022?: 1 brokers have issued 12 month target prices for Kearny Financial's stock. Their KRNY share price forecasts range from $14.00 to $14.00. On average, they anticipate the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
View analysts price targets for KRNY or view top-rated stocks among Wall Street analysts.
How have KRNY shares performed in 2022?: Kearny Financial's stock was trading at $13.25 at the start of the year. Since then, KRNY shares have decreased by 16.3% and is now trading at $11.09.
View the best growth stocks for 2022 here.
When is Kearny Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our KRNY earnings forecast.
How were Kearny Financial's earnings last quarter?: Kearny Financial Corp. (NASDAQ:KRNY) posted its earnings results on Thursday, July, 28th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.04. The savings and loans company earned $53.41 million during the quarter, compared to analysts' expectations of $51.60 million. Kearny Financial had a trailing twelve-month return on equity of 7.21% and a net margin of 28.12%.
How often does Kearny Financial pay dividends? What is the dividend yield for Kearny Financial?: Kearny Financial announced a quarterly dividend on Thursday, July 28th. Investors of record on Wednesday, August 10th will be given a dividend of $0.11 per share on Wednesday, August 24th. This represents a $0.44 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Tuesday, August 9th.
Read our dividend analysis for KRNY.

Is Kearny Financial a good dividend stock?: Kearny Financial (NASDAQ:KRNY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 4.06%. KRNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 46.81%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for KRNY.
What is Craig L. Montanaro's approval rating as Kearny Financial's CEO?: 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.
What other stocks do shareholders of Kearny Financial own?: 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), Melrose Bancorp (MELR) and Altria Group (MO).
What is Kearny Financial's stock symbol?: Kearny Financial trades on the NASDAQ under the ticker symbol "KRNY."
How do I buy shares of Kearny Financial?: 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.
Compare Top Brokerages Here.
What is Kearny Financial's stock price today?: One share of KRNY stock can currently be purchased for approximately $11.09.
How much money does Kearny Financial make?: Kearny Financial (NASDAQ:KRNY) has a market capitalization of $756.12 million and generates $240.21 million in revenue each year. The savings and loans company earns $67.55 million in net income (profit) each year or $0.94 on an earnings per share basis.
How many employees does Kearny Financial have?: The company employs 584 workers across the globe.
How can I contact Kearny Financial?: 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.

This page (NASDAQ:KRNY) was last updated on 10/5/2022 by MarketBeat.com Staff

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Kearny Financial - KRNY Stock Forecast, Price & News

Kearny Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month