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: $1.18935 billion
- Outstanding Shares: 82,372,000
- 50 Day Moving Avg: $14.64
- 200 Day Moving Avg: $14.79
- 52 Week Range: $13.40 - $16.10
Sales & Book Value:
- Trailing P/E Ratio: 64.09
- P/E Growth: 14.74
- Annual Revenue: $108.54 million
- Price / Sales: 10.70
- Book Value: $12.83 per share
- Price / Book: 1.10
- Annual Dividend: $0.12
- Dividend Yield: 0.9%
- Net Margins: 12.37%
- Return on Equity: 1.68%
- Return on Assets: 0.40%
- Debt-to-Equity Ratio: 0.75%
- Current Ratio: 1.15%
- Quick Ratio: 1.15%
- Average Volume: 337,562 shs.
- Beta: 0.58
- 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 declared a quarterly dividend on Thursday, August 17th. Shareholders of record on Wednesday, August 30th will be paid a dividend of $0.03 per share on Wednesday, September 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, August 28th. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial declared that its Board of Directors has initiated a share buyback plan on Sunday, June 4th 2017, which permits the company to repurchase 8,560,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial (NASDAQ:KRNY) issued its quarterly earnings results on Friday, July, 28th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.00. The firm had revenue of $29.75 million for the quarter. Kearny Financial had a net margin of 12.37% and a return on equity of 1.68%. 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 equities research analysts have issued 1 year price objectives for Kearny Financial's stock. Their predictions 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 Houlihan Lokey (HLI), Hilltop Holdings (HTH), South State Corporation (SSB), International Bancshares Corporation (IBOC), Tanger Factory Outlet Centers (SKT), CVB Financial Corporation (CVBF), Main Street Capital Corporation (MAIN), Old National Bancorp (ONB), FirstService Corporation (FSV), Hope Bancorp (HOPE), Pebblebrook Hotel Trust (PEB), Retail Opportunity Investments Corp. (ROIC), AllianceBernstein Holding L.P. (AB), Diamondrock Hospitality Company (DRH), Kennedy-Wilson Holdings (KW), Columbia Banking System (COLB), First Midwest Bancorp (FMBI) and Great Western Bancorp (GWB).
Who owns Kearny Financial stock?
Kearny Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.59%), Dimensional Fund Advisors LP (5.59%), Villere ST Denis J & Co. LLC (4.44%), Renaissance Technologies LLC (4.50%), FMR LLC (2.46%) and Empyrean Capital Partners LP (2.31%). Company insiders that own Kearny Financial stock include Christopher Petermann, Eric B Heyer, John F Mcgovern, John F Regan, Leopold W Montanaro and Patrick M Joyce. View Institutional Ownership Trends for Kearny Financial.
Who sold Kearny Financial stock? Who is selling Kearny Financial stock?
Kearny Financial's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Principal Financial Group Inc., FMR LLC, Schroder Investment Management Group, Vanguard Group Inc., Wells Fargo & Company MN, Parametric Portfolio Associates LLC and First Trust Advisors LP. Company insiders that have sold Kearny Financial stock in the last year include Eric B Heyer and John F Regan. View Insider Buying and Selling for Kearny Financial.
Who bought Kearny Financial stock? Who is buying Kearny Financial stock?
Kearny Financial's stock was bought by a variety of institutional investors in the last quarter, including Villere ST Denis J & Co. LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Pax World Management LLC, State Street Corp, Janus Henderson Group PLC, Private Advisor Group LLC and Russell Investments Group Ltd.. 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 $14.10.
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 (6.38% upside)|
Analysts' Ratings History for Kearny Financial (NASDAQ:KRNY)
(Data available from 8/21/2015 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)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Kearny Financial (NASDAQ:KRNY)
|Payout Ratio:||57.15% (Trailing 12 Months of Earnings) |
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: 2.68%Insider Trades by Quarter for Kearny Financial (NASDAQ:KRNY)
Institutional Ownership Percentage: 65.98%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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)
|Kearny Financial (KRNY) to Issue Quarterly Dividend of $0.03|
www.americanbankingnews.com - August 17 at 6:28 PM
|Kearny Financial Corp. – Value Analysis (NASDAQ:KRNY) : August 17, 2017|
finance.yahoo.com - August 17 at 1:25 AM
|See what the IHS Markit Score report has to say about Kearny Financial Corp.|
finance.yahoo.com - August 11 at 5:54 AM
|Kearny Financial Corp. breached its 50 day moving average in a Bearish Manner : KRNY-US : August 4, 2017|
finance.yahoo.com - August 5 at 12:24 AM
|Head to Head Review: Kearny Financial (KRNY) versus Anchor BanCorp Wisconsin Inc (DE) (ABCW)|
www.americanbankingnews.com - August 3 at 12:34 AM
|Kearny Financial (NASDAQ:KRNY) and Clifton Bancorp (CSBK) Critical Comparison|
www.americanbankingnews.com - August 1 at 8:20 AM
|Kearny Financial (KRNY) Posts Quarterly Earnings Results, Meets Estimates|
www.americanbankingnews.com - July 29 at 3:02 PM
|Kearny Financial Corp. Reports Fourth Quarter 2017 Operating Results|
www.marketwatch.com - July 29 at 1:46 AM
|Kearny Financial (NASDAQ:KRNY) vs. Malvern Bancorp (MLVF) Head to Head Comparison|
www.americanbankingnews.com - July 25 at 12:28 AM
|Meridian Bancorp (EBSB) & Kearny Financial (NASDAQ:KRNY) Head-To-Head Survey|
www.americanbankingnews.com - July 19 at 12:14 AM
|Form 8-K Kearny Financial Corp. For: Jun 28|
www.streetinsider.com - June 30 at 5:55 AM
|Kearny Financial (KRNY) Upgraded by BidaskClub to "Hold"|
www.americanbankingnews.com - June 29 at 7:56 PM
|Kearny Bank Completes Conversion to a New Jersey State-Chartered Savings Bank|
finance.yahoo.com - June 28 at 7:47 PM
|Kearny Financial Corp. breached its 50 day moving average in a Bullish Manner : KRNY-US : June 27, 2017|
finance.yahoo.com - June 27 at 6:23 PM
|Kearny Financial (KRNY) Upgraded by BidaskClub to "Sell"|
www.americanbankingnews.com - June 20 at 6:06 PM
|Kearny Financial Corp. breached its 50 day moving average in a Bullish Manner : KRNY-US : June 12, 2017|
finance.yahoo.com - June 12 at 3:23 PM
|ETFs with exposure to Kearny Financial Corp. : June 12, 2017|
finance.yahoo.com - June 12 at 3:23 PM
|Kearny Financial Corp. :KRNY-US: Earnings Analysis: Q3, 2017 By the Numbers : June 9, 2017|
finance.yahoo.com - June 9 at 6:25 PM
|Kearny Financial Corp. : KRNY-US: Dividend Analysis : June 06th, 2017 (record date) : By the numbers : June 7, 2017|
finance.yahoo.com - June 7 at 5:50 PM
|Share Repurchase Program Approved by Kearny Financial (KRNY) Board |
www.americanbankingnews.com - June 4 at 11:28 AM
|Kearny Financial Announces Quarterly Dividend of $0.03 (KRNY)|
www.americanbankingnews.com - May 25 at 6:50 PM
|Kearny Financial Corp. Announces Authorization for Second Stock Repurchase Plan and Declares Quarterly Cash Dividend|
finance.yahoo.com - May 24 at 6:13 PM
|Kearny Financial (KRNY) Given Underperform Rating at Keefe, Bruyette & Woods|
www.americanbankingnews.com - May 16 at 9:06 AM
|Noteworthy Friday Option Activity: CIT, KRNY, CLR|
www.nasdaq.com - May 12 at 6:52 PM
|Kearny Financial (KRNY) Given News Impact Rating of 0.31|
www.americanbankingnews.com - May 4 at 9:30 PM
|Kearny posts 3Q profit|
marketbeat.com - April 27 at 7:45 PM
|Kearny Financial misses by $0.01, beats on net interest income|
seekingalpha.com - April 27 at 6:47 PM
|Kearny Financial Corp. Reports Third Quarter 2017 Operating Results|
finance.yahoo.com - April 27 at 6:47 PM
|Kearny Financial (KRNY) Given Media Impact Rating of 0.31|
www.americanbankingnews.com - April 26 at 12:28 PM
|Kearny Financial Corp. breached its 50 day moving average in a Bullish Manner : KRNY-US : April 24, 2017|
finance.yahoo.com - April 24 at 7:18 PM
|Kearny Financial (KRNY) Receiving Favorable Press Coverage, Study Finds|
www.americanbankingnews.com - April 21 at 11:18 PM
|ETFs with exposure to Kearny Financial Corp. : April 7, 2017|
finance.yahoo.com - April 7 at 6:11 PM
|Keefe, Bruyette & Woods Reiterates Hold Rating for Kearny Financial (KRNY)|
www.americanbankingnews.com - April 5 at 12:07 PM
|Zacks: Brokerages Set $13.50 Price Target for Kearny Financial (KRNY)|
www.americanbankingnews.com - April 3 at 1:23 PM
|5:01 pm Kearny Financial increases quarterly dividend to $0.03/share from $0.02/share|
finance.yahoo.com - February 16 at 5:52 PM
|Kearny Financial Corp. Reports Second Quarter 2017 Operating Results|
us.rd.yahoo.com - January 30 at 11:55 PM
|Kearny Financial declares $0.02 dividend|
seekingalpha.com - November 16 at 6:13 PM
|[$$] Three Thrifts Worth Betting On|
www.barrons.com - October 29 at 8:49 AM
|Kearny Financial Corp. Announces Results of 2016 Annual Meeting|
finance.yahoo.com - October 27 at 5:56 PM
|Exclusive: 35-story hotel and residential tower proposed atop historic S.F. corner|
www.bizjournals.com - August 22 at 5:55 PM
|Kearny Financial EPS in-line, beats on revenue|
seekingalpha.com - August 4 at 6:18 PM
|Kearny Financial Corp (KRNY.OQ)|
www.reuters.com - July 21 at 6:05 PM
|Red, white and 'cue: How 2 Marines built a thriving barbecue business|
www.foxnews.com - July 1 at 8:40 AM
Kearny Financial (KRNY) Chart for Monday, August, 21, 2017