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 Ratio32.66
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$184.69 million
Price / Sales6.41
Cash Flow$0.3090 per share
Price / Cash Flow39.77
Book Value$12.39 per share
Price / Book0.99
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 Shares96,330,000
Market Cap$1.20 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 quarterly dividend on Wednesday, November 14th. Investors of record on Wednesday, November 28th will be paid a dividend of $0.05 per share on Wednesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, November 27th. This is a positive change from Kearny Financial's previous quarterly dividend of $0.04. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial declared that its Board of Directors has approved a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback 8,560,000 shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial Corp. (NASDAQ:KRNY) released its quarterly earnings data on Tuesday, October, 30th. The savings and loans company reported $0.12 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.12. The savings and loans company earned $43.36 million during 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 1 year price targets for Kearny Financial's shares. 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 twelve months. This suggests a possible upside of 9.3% 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?
Media stories about KRNY stock have trended very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Kearny Financial earned a daily sentiment score of 3.9 on InfoTrie's scale. They also gave news articles about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.
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), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Axos Financial (AX), Columbia Financial (CLBK), LegacyTexas Financial Group (LTXB), Flagstar Bancorp (FBC), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL), Meta Financial Group (CASH), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM) and BBX Capital (BBXTB).
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 variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.44%), Dimensional Fund Advisors LP (7.65%), BlackRock Inc. (7.15%), Renaissance Technologies LLC (6.12%), Villere ST Denis J & Co. LLC (4.40%) and Russell Investments Group Ltd. (2.06%). 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, TIAA CREF Investment Management LLC, Wells Fargo & Company MN, Bank of New York Mellon Corp and Janus Henderson Group PLC. 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, 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., Vanguard Group Inc. and GSA Capital Partners LLP. 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 $12.35.
How big of a company is Kearny Financial?
Kearny Financial has a market capitalization of $1.20 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.
