Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. The company also provides various loans comprising 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, it sells insurance products to its customers and the general public through a third party networking arrangement. As of August 16, 2017, the company operated 42 branches located in 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:KRNY
CUSIP48716910
Phone973-244-4500
Debt
Debt-to-Equity Ratio0.86
Current Ratio1.10
Quick Ratio1.10
Price-To-Earnings
Trailing P/E Ratio41.51
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$184.69 million
Price / Sales7.60
Cash Flow$0.3077 per share
Price / Cash44.53
Book Value$12.24 per share
Price / Book1.12
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$19.60 million
Net Margins10.61%
Return on Equity2.75%
Return on Assets0.56%
Miscellaneous
Employees466
Outstanding Shares102,390,000
Market Cap$1.40 billion
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 declared a quarterly dividend on Wednesday, August 15th. Stockholders of record on Wednesday, August 29th will be given a dividend of $0.04 per share on Wednesday, September 12th. This represents a $0.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, August 28th. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial announced that its Board of Directors has approved a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase 8,560,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial Corp. (NASDAQ:KRNY) released its earnings results on Tuesday, January, 30th. The savings and loans company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.06. The savings and loans company earned $30.10 million during the quarter. Kearny Financial had a net margin of 10.61% and a return on equity of 2.75%. View Kearny Financial's Earnings History.
When is Kearny Financial's next earnings date?
What price target have analysts set for KRNY?
1 equities research analysts have issued 12 month 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 that the stock has a possible downside of 1.5%. 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.
Who are some of Kearny Financial's key competitors?
Some companies that are related to Kearny Financial include Umpqua (UMPQ), TFS Financial (TFSL), BankUnited (BKU), BofI (BOFI), LegacyTexas Financial Group (LTXB), Flagstar Bancorp (FBC), Columbia Financial (CLBK), Capitol Federal Financial (CFFN), Provident Financial Services (PFS), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Meta Financial Group (CASH), Northfield Bancorp (NFBK), BBX Capital Corp Class B (BBXTB) and Dime Community Bancshares (DCOM).
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. Exec. VP & COO (Age 56)
- Ms. Erika J. Parisi, Exec. VP & Director of Customer Relationship Mgmt Analytics (Age 53)
- Mr. William C. Ledgerwood, Sr. Exec. VP (Age 65)
- Mr. Patrick M. Joyce, Chief Lending Officer & Exec. VP (Age 53)
Has Kearny Financial been receiving favorable news coverage?
News articles about KRNY stock have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kearny Financial earned a daily sentiment score of 0.03 on Accern's scale. They also assigned news stories about the savings and loans company an impact score of 45.47 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Kearny Financial.
Who are Kearny Financial's major shareholders?
Kearny Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.13%), BlackRock Inc. (6.79%), Renaissance Technologies LLC (5.88%), Villere ST Denis J & Co. LLC (3.74%), Russell Investments Group Ltd. (2.05%) and FMR LLC (0.95%). Company insiders that own Kearny Financial stock include Christopher Petermann, 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, Boston Partners, SeaCrest Wealth Management LLC, JBF Capital Inc., SG Americas Securities LLC and Paloma Partners Management Co. 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, Matthew T Mcclane, 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 bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Dimensional Fund Advisors LP, BlackRock Inc., Hennessy Advisors Inc., Grace & White Inc. NY, Seidman Lawrence B, Millennium Management LLC and Schwab Charles Investment Management Inc.. 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 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 $13.70.
How big of a company is Kearny Financial?
Kearny Financial has a market capitalization of $1.40 billion and generates $184.69 million in revenue each year. Kearny Financial employs 466 workers across the globe.
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.
