NASDAQ:KRNYKearny Financial Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Kearny Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.22 -0.07 (-0.84 %) (As of 05/25/2020 04:00 PM ET) Add Compare Share Today's Range$8.08Now: $8.22▼$8.3050-Day Range$7.63MA: $8.32▼$9.3052-Week Range$7.29Now: $8.22▼$14.40Volume102,980 shsAverage Volume398,448 shsMarket Capitalization$687.71 millionP/E Ratio17.49Dividend Yield3.89%Beta0.71 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.5 Analyst's Opinion Consensus RatingKearny 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/DownsideAccording to analysts' consensus price target of $10.00, Kearny Financial has a potential upside of 21.7% from its current price of $8.22.Amount of Analyst CoverageKearny Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesKearny Financial has received 197 “outperform” votes. (Add your “outperform” vote.)Underperform VotesKearny Financial has received 271 “underperform” votes. (Add your “underperform” vote.)Community SentimentKearny Financial has received 57.91% “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. Previous Next 3.3 Dividend Strength Dividend LeadershipKearny Financial is a leading dividend payer. It pays a dividend yield of 3.89%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthKearny Financial has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Kearny Financial is 68.09 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Kearny Financial will have a dividend payout ratio of 62.75 % next year. This indicates that Kearny Financial will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Kearny Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $131,340.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 4.57% of the stock of Kearny Financial is held by insiders.Percentage Held by Institutions64.05% of the stock of Kearny Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Kearny Financial are expected to grow by 27.50% in the coming year, from $0.40 to $0.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kearny Financial is 17.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Kearny Financial is 17.49, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.63.Price to Book Value per Share RatioKearny Financial has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.76 out of 5 stars 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 Phone973-244-4500Debt Debt-to-Equity Ratio1.29 Current Ratio1.09 Quick Ratio1.08Price-To-Earnings Trailing P/E Ratio17.49 Forward P/E Ratio20.55 P/E GrowthN/A Sales & Book Value Annual Sales$250.89 million Price / Sales2.74 Cash Flow$0.40 per share Price / Cash Flow20.66 Book Value$12.11 per share Price / Book0.68Profitability EPS (Most Recent Fiscal Year)$0.47 Net Income$42.14 million Net Margins15.82% Return on Equity3.60% Return on Assets0.60%Miscellaneous Employees520 Outstanding Shares83,663,000Market Cap$687.71 million Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:KRNY Rates by TradingView Receive KRNY News and Ratings via Email Sign-up to receive the latest news and ratings for KRNY and its competitors with MarketBeat's FREE daily newsletter. Kearny Financial (NASDAQ:KRNY) Frequently Asked Questions How has Kearny Financial's stock been impacted by COVID-19 (Coronavirus)? Kearny Financial's stock was trading at $10.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, KRNY stock has decreased by 18.7% and is now trading at $8.22. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Kearny Financial? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kearny Financial in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Kearny Financial. When is Kearny Financial's next earnings date? Kearny Financial is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Kearny Financial. How were Kearny Financial's earnings last quarter? Kearny Financial Corp. (NASDAQ:KRNY) posted its quarterly earnings results on Wednesday, April, 29th. The savings and loans company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The savings and loans company had revenue of $43.81 million for the quarter, compared to the consensus estimate of $39.20 million. Kearny Financial had a net margin of 15.82% and a return on equity of 3.60%. 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, May 20th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.08 per share on Wednesday, June 17th. This represents a $0.32 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Tuesday, June 2nd. View Kearny Financial's dividend history. What price target have analysts set for KRNY? 1 Wall Street analysts have issued twelve-month price objectives for Kearny Financial's shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate Kearny Financial's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price. View analysts' price targets for Kearny Financial. Has Kearny Financial been receiving favorable news coverage? Media coverage about KRNY stock has trended very positive on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kearny Financial earned a news impact score of 4.0 on InfoTrie's scale. They also gave news coverage about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutKearny Financial. Are investors shorting Kearny Financial? Kearny Financial saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,160,000 shares, a drop of 16.5% from the April 30th total of 1,390,000 shares. Based on an average trading volume of 464,600 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the company's shares are short sold. View Kearny Financial's Current Options Chain. Who are some of Kearny Financial's key competitors? Some companies that are related to Kearny Financial include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), MGIC Investment (MTG), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), EverBank Financial (EVER), WSFS Financial (WSFS), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC) and Oritani Financial (ORIT). View all 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 Banc. of Virginia (SONA), New Jersey Resources (NJR), Pure Storage (PSTG), Columbia Financial (CLBK), Melrose Bancorp (MELR), Meridian Bancorp (EBSB), General Electric (GE), Merck & Co., Inc. (MRK) and People's United Financial (PBCT). Who are Kearny Financial's key executives? Kearny Financial's management team includes the following people: Mr. Craig L. Montanaro, Pres, CEO & Director (Age 53)Mr. Eric B. Heyer, Sr. EVP & COO (Age 57)Ms. Erika J. Parisi, Exec. VP & Director of Customer Relationship Management Analytics (Age 54)Mr. Patrick M. Joyce, Chief Lending Officer & Exec. VP (Age 54)Mr. Keith Suchodolski, Exec. VP & CFO (Age 39) 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.92%), Villere ST Denis J & Co. LLC (5.66%), State Street Corp (2.32%), Geode Capital Management LLC (1.41%), Victory Capital Management Inc. (1.11%) and Victory Capital Management Inc. (1.11%). Company insiders that own Kearny Financial stock include Catherine A Lawton, Christopher Petermann, Craig Montanaro, Eric B Heyer, John F Mcgovern, John F Regan, Keith Suchodolski, Patrick M Joyce, Theodore J Aanensen, Thomas Demedici and Timothy A Swansson. View institutional ownership trends for Kearny Financial. Which major investors are selling Kearny Financial stock? KRNY stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Russell Investments Group Ltd., Swift Run Capital Management LLC, BlackRock Inc., Two Sigma Investments LP, Morgan Stanley, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Kearny Financial company stock in the last year include Eric B Heyer, John F Regan, Patrick M Joyce, and Timothy A Swansson. View insider buying and selling activity for Kearny Financial. Which major investors are buying Kearny Financial stock? KRNY stock was bought by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, Acadian Asset Management LLC, River Wealth Advisors LLC, Assenagon Asset Management S.A., Nuveen Asset Management LLC, JPMorgan Chase & Co., Prospector Partners LLC, and WINTON GROUP Ltd. Company insiders that have bought Kearny Financial stock in the last two years include Catherine A Lawton, Christopher Petermann, and John F Mcgovern. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Kearny Financial's stock price today? One share of KRNY stock can currently be purchased for approximately $8.22. How big of a company is Kearny Financial? Kearny Financial has a market capitalization of $687.71 million and generates $250.89 million in revenue each year. The savings and loans company earns $42.14 million in net income (profit) each year or $0.47 on an earnings per share basis. Kearny Financial employs 520 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 5/25/2020 by MarketBeat.com Staff
