About Kearny Financial (NASDAQ:KRNY)
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: $1.24 billion
- Outstanding Shares: 80,788,000
- 50 Day Moving Avg: $14.78
- 200 Day Moving Avg: $14.63
- 52 Week Range: $13.35 - $16.10
Sales & Book Value:
- Trailing P/E Ratio: 70.00
- Foreward P/E Ratio: 55.00
- P/E Growth: 15.99
- Annual Revenue: $108.54 million
- Price / Sales: 11.46
- Book Value: $13.09 per share
- Price / Book: 1.18
- Annual Dividend: $0.12
- Dividend Yield: 0.8%
- Net Margins: 12.37%
- Return on Equity: 1.70%
- Return on Assets: 0.40%
- Debt-to-Equity Ratio: 0.76%
- Current Ratio: 1.13%
- Quick Ratio: 1.13%
- Average Volume: 329,677 shs.
- Beta: 0.61
- 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 special dividend on Thursday, September 21st. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.12 per share on Wednesday, October 18th. This represents a dividend yield of 0.79%. The ex-dividend date is Tuesday, October 3rd. This is a positive change from Kearny Financial's previous special dividend of $0.02. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial announced that its board has approved a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback 8,560,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial (NASDAQ:KRNY) released its quarterly earnings data on Friday, July, 28th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.00. The company had revenue of $29.75 million for the quarter. Kearny Financial had a return on equity of 1.70% and a net margin of 12.37%. 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 analysts have issued 1 year target prices 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 Aspen Insurance Holdings Limited (AHL), Columbia Banking System (COLB), Hope Bancorp (HOPE), First Midwest Bancorp (FMBI), Great Western Bancorp (GWB), Tanger Factory Outlet Centers (SKT), Xenia Hotels & Resorts (XHR), AllianceBernstein Holding L.P. (AB), Financial Engines (FNGN), Eagle Bancorp (EGBN), Main Street Capital Corporation (MAIN), Trustmark Corporation (TRMK), Noah Holdings (NOAH), Kennedy-Wilson Holdings (KW), Alexander & Baldwin Holdings (ALEX), Select Income REIT (SIR), Diamondrock Hospitality Company (DRH) and The Carlyle Group L.P. (CG).
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 $15.40.
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 (2.60% downside)|Consensus Price Target History for Kearny Financial (NASDAQ:KRNY)
Analysts' Ratings History for Kearny Financial (NASDAQ:KRNY)
(Data available from 10/16/2015 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)
Current Year EPS Consensus Estimate: $0.24 EPS
Next Year EPS Consensus Estimate: $0.28 EPS
Current Dividend Information for Kearny Financial (NASDAQ:KRNY)
|Payout Ratio:||57.15% (Trailing 12 Months of Earnings) |
50.00% (Based on This Year's Estimates)
42.86% (Based on Next Year's Estimates)
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: 3.78%Insider Trades by Quarter for Kearny Financial (NASDAQ:KRNY)
Institutional Ownership Percentage: 64.12%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/13/2017||Theodore J. Aanensen||Director||Sell||2,000||$14.11||$28,220.00|| |
|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 Corp. : KRNY-US: Dividend Analysis : October 04th, 2017 (record date) : By the numbers : October 4, 2017|
finance.yahoo.com - October 5 at 7:27 AM
|Kearny Financial declares $0.12 dividend|
seekingalpha.com - September 22 at 11:45 AM
|Kearny Financial (KRNY) Increases Dividend to $0.12 Per Share|
www.americanbankingnews.com - September 21 at 5:39 PM
|Kearny Financial Corp. Declares Special Cash Dividend|
finance.yahoo.com - September 21 at 9:25 AM
|ETFs with exposure to Kearny Financial Corp. : September 20, 2017|
finance.yahoo.com - September 21 at 9:25 AM
|Kearny Financial Corp. :KRNY-US: Earnings Analysis: Q4, 2017 By the Numbers : September 19, 2017|
finance.yahoo.com - September 20 at 12:28 AM
|Kearny Financial Corp. breached its 50 day moving average in a Bullish Manner : KRNY-US : September 18, 2017|
finance.yahoo.com - September 18 at 7:51 PM
|Theodore J. Aanensen Sells 2,000 Shares of Kearny Financial (KRNY) Stock|
www.americanbankingnews.com - September 14 at 4:50 PM
|ETFs with exposure to Kearny Financial Corp. : September 6, 2017|
finance.yahoo.com - September 6 at 1:49 AM
|Kearny Financial Corp. :KRNY-US: Earnings Analysis: 2017 By the Numbers : August 31, 2017|
finance.yahoo.com - September 1 at 2:02 AM
|Kearny Financial About To Put More Money In Your Pocket (KRNY)|
www.nasdaq.com - August 27 at 12:30 AM
|Head-To-Head Contrast: Kearny Financial (KRNY) versus Malvern Bancorp (MLVF)|
www.americanbankingnews.com - August 22 at 6:24 AM
|Comparing Malvern Bancorp (MLVF) & Kearny Financial (KRNY)|
www.americanbankingnews.com - August 22 at 4:08 AM
|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
|Noteworthy Friday Option Activity: CIT, KRNY, CLR|
www.nasdaq.com - May 12 at 6:52 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 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
|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, October, 16, 2017