NASDAQ:KRNY

Kearny Financial Stock Forecast, Price & News

$11.22

-0.29 (-2.52 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$11.18

Now: $11.22▼

$11.43

50-Day Range

$9.89

MA: $10.61▼

$11.51

52-Week Range

$6.91

Now: $11.22▼

$13.54

Volume211,156 shs

Average Volume341,494 shs

Market Capitalization$1.00 billion

P/E Ratio20.78

Dividend Yield2.81%

Beta0.74

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 for the construction of one- to four-family residences, or for various renovations or improvements to an existing dwelling; account loans, overdraft lines of credit, and personal loans; and loans secured by savings accounts and certificates of deposit on deposit. In addition, the company engages in investment activities. As of August 19, 2020, it operated a total of 51 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.

MarketRank^™

Overall MarketRank^™

1.47 out of 5 stars

Finance Sector

549th out of 1,705 stocks

Federal Savings Institutions Industry

28th out of 92 stocks

1.5 Analyst's Opinion

Consensus Rating
Kearny Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.00, Kearny Financial has a forecasted downside of 19.8% from its current price of $11.22.
Amount of Analyst Coverage
Kearny Financial has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Kearny Financial has received 201 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Kearny Financial has received 279 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Kearny Financial has received 58.13% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Yield
Kearny Financial pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Kearny Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kearny Financial is 59.26%. This payout ratio is at a healthy, sustainable level, below 75%.

0.8 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 $57,000.00 in company stock.
Percentage Held by Insiders
Only 4.87% of the stock of Kearny Financial is held by insiders.
Percentage Held by Institutions
61.70% of the stock of Kearny Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Kearny Financial is 20.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kearny Financial is 20.78, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.66.
Price to Book Value per Share Ratio
Kearny Financial has a P/B Ratio of 0.87. 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

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Federal savings institutions

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNASDAQ:KRNY

Previous Symbol

CUSIP48716910

CIK1617242

Webwww.kearnybank.com

Phone973-244-4500

Employees494

Debt

Debt-to-Equity Ratio0.96

Current Ratio1.01

Quick Ratio1.00

Price-To-Earnings

Trailing P/E Ratio20.78

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$252.93 million

Price / Sales3.97

Cash Flow$0.47 per share

Price / Cash Flow23.64

Book Value$12.96 per share

Price / Book0.87

Profitability

EPS (Most Recent Fiscal Year)$0.54

Net Income$44.97 million

Net Margins17.45%

Return on Equity4.33%

Return on Assets0.69%

Miscellaneous

Outstanding Shares89,510,000

Market Cap$1.00 billion

Next Earnings Date2/4/2021 (Estimated)

OptionableOptionable

$11.22

-0.29 (-2.52 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Kearny Financial (NASDAQ:KRNY) Frequently Asked Questions

How has Kearny Financial's stock price been impacted by COVID-19?

Kearny Financial's stock was trading at $10.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, KRNY shares have increased by 11.0% and is now trading at $11.22.
View which stocks have been most impacted by COVID-19.

Is Kearny Financial a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kearny Financial in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Kearny Financial stock.
View analyst ratings for Kearny Financial or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Kearny Financial?

Wall Street analysts have given Kearny Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Kearny Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Kearny Financial's next earnings date?

Kearny Financial is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Kearny Financial.

How were Kearny Financial's earnings last quarter?

Kearny Financial Corp. (NASDAQ:KRNY) released its quarterly earnings results on Thursday, October, 29th. The savings and loans company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. The savings and loans company had revenue of $51.90 million for the quarter, compared to analyst estimates of $49.20 million. Kearny Financial had a return on equity of 4.33% and a net margin of 17.45%.
View Kearny Financial's earnings history.

How often does Kearny Financial pay dividends? What is the dividend yield for Kearny Financial?

Kearny Financial declared a quarterly dividend on Wednesday, November 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.08 per share on Friday, December 18th. This represents a $0.32 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, December 3rd.
View Kearny Financial's dividend history.

Is Kearny Financial a good dividend stock?

Kearny Financial pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.81%. The dividend payout ratio of Kearny Financial is 59.26%. This payout ratio is at a healthy, sustainable level, below 75%.
View Kearny Financial's dividend history.

What price target have analysts set for KRNY?

1 analysts have issued 1 year price targets for Kearny Financial's shares. Their forecasts range from $9.00 to $9.00. On average, they expect Kearny Financial's share price to reach $9.00 in the next twelve months. This suggests that the stock has a possible downside of 19.8%.
View analysts' price targets for Kearny Financial or view Wall Street analyst' top-rated stocks.

Who are some of Kearny Financial's key competitors?

Some companies that are related to Kearny Financial include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), MGIC Investment (MTG), Radian Group (RDN), LendingTree (TREE), Walker & Dunlop (WD), The Simply Good Foods (SMPL), WSFS Financial (WSFS), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), OceanFirst Financial (OCFC) and Brookline Bancorp (BRKL).
View all of KRNY's competitors.

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).

Who are Kearny Financial's key executives?

Kearny Financial's management team includes the following people:

Mr. Craig L. Montanaro, Pres, CEO & Director (Age 54, Pay $1.1M)
Mr. Keith Suchodolski, Exec. VP & CFO (Age 40, Pay $463.85k)
Mr. Eric B. Heyer, Sr. EVP & COO (Age 58, Pay $629.59k)
Ms. Erika K. Parisi, Exec. VP & Chief Admin. Officer (Age 55, Pay $456.64k)
Mr. Patrick M. Joyce, Exec. VP & Chief Lending Officer (Age 55, Pay $530.73k)
Mr. Thomas A. McGurk, Chief Investment Officer
Mr. Timothy A. Swansson, Exec. VP and Chief Technology & Innovation Officer (Age 43)
Taryn Rockwell, Investor Relations Associate
Ms. Kimberly T. Manfredo, 1st VP and Director of HR
Mr. Peter Anthony Cappello Jr., Chief Risk Officer, First VP and Director of Insurance Services (Age 66)

What is Kearny Financial's stock symbol?

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

Who are Kearny Financial's major shareholders?

Kearny Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Raymond James Trust N.A. (0.02%). Company insiders that own Kearny Financial stock include Catherine A Lawton, Christopher Petermann, Craig Montanaro, Eric B Heyer, John F Mcgovern, John F Regan, John J Mazur, Jr, Keith Suchodolski, Patrick M Joyce, Theodore J Aanensen, Thomas Demedici and Timothy A Swansson.
View institutional ownership trends for Kearny Financial.

Which institutional investors are buying Kearny Financial stock?

KRNY stock was acquired by a variety of institutional investors in the last quarter, including Raymond James Trust N.A.. Company insiders that have bought Kearny Financial stock in the last two years include Catherine A Lawton, Christopher Petermann, John F Mcgovern, and John J Mazur, Jr.
View insider buying and selling activity for Kearny Financial or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Kearny Financial's stock price today?

One share of KRNY stock can currently be purchased for approximately $11.22.

How big of a company is Kearny Financial?

Kearny Financial has a market capitalization of $1.00 billion and generates $252.93 million in revenue each year. The savings and loans company earns $44.97 million in net income (profit) each year or $0.54 on an earnings per share basis. Kearny Financial employs 494 workers across the globe.

What is Kearny Financial's official website?

The official website for Kearny Financial is www.kearnybank.com.

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]

This page was last updated on 1/16/2021 by MarketBeat.com Staff

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