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
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 Ratio53.85
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$150.44 million
Price / Sales9.60
Cash Flow$0.3099 per share
Price / Cash45.50
Book Value$12.24 per share
Price / Book1.15
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$18.60 million
Net Margins9.92%
Return on Equity2.01%
Return on Assets0.42%
Miscellaneous
Employees466
Outstanding Shares102,390,000
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 Thursday, May 24th. Stockholders of record on Wednesday, June 6th will be paid a dividend of $0.04 per share on Wednesday, June 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, June 5th. This is an increase from Kearny Financial's previous quarterly dividend of $0.03. View Kearny Financial's Dividend History.
How will Kearny Financial's stock buyback program work?
Kearny Financial announced that its board has authorized a stock repurchase program on Sunday, June 4th 2017, which allows the company to repurchase 8,560,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.
How were Kearny Financial's earnings last quarter?
Kearny Financial Corp. (NASDAQ:KRNY) announced its quarterly earnings results on Friday, April, 27th. The savings and loans company reported $0.08 EPS for the quarter. The savings and loans company had revenue of $30.61 million for the quarter. Kearny Financial had a net margin of 9.92% and a return on equity of 2.01%. View Kearny Financial's Earnings History.
When is Kearny Financial's next earnings date?
What price target have analysts set for KRNY?
1 analysts have issued 1 year target prices for Kearny Financial's stock. Their forecasts range from $13.50 to $13.50. On average, they expect Kearny Financial's share price to reach $13.50 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 Umpqua (UMPQ), BankUnited (BKU), TFS Financial (TFSL), BofI (BOFI), Flagstar Bancorp (FBC), LegacyTexas Financial Group (LTXB), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Meta Financial Group (CASH), BBX Capital Corp Class B (BBXTB), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM) and Sterling Bancorp (SBT).
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, Exec. VP, CFO & Principal Accounting Officer (Age 56)
- Mr. William C. Ledgerwood, COO & Sr. EVP (Age 65)
- Ms. Erika J. Parisi, Exec. VP & Director of Customer Relationship Mgmt Analytics (Age 53)
- Mr. Patrick M. Joyce, Chief Lending Officer & Exec. VP (Age 53)
Has Kearny Financial been receiving favorable news coverage?
Headlines about KRNY stock have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kearny Financial earned a media sentiment score of 0.09 on Accern's scale. They also assigned press coverage about the savings and loans company an impact score of 45.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Kearny Financial's major shareholders?
Kearny Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.08%), BlackRock Inc. (7.08%), Villere ST Denis J & Co. LLC (4.78%), Russell Investments Group Ltd. (3.27%), Keeley Teton Advisors LLC (1.54%) and Northern Trust Corp (1.24%). 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 major investors are selling Kearny Financial stock?
KRNY stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Swift Run Capital Management LLC, Keeley Teton Advisors LLC, Barclays PLC, Boston Partners, BlackRock Inc., Villere ST Denis J & Co. LLC and Banbury Partners LLC. 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 major investors are buying Kearny Financial stock?
KRNY stock was bought by a variety of institutional investors in the last quarter, including Ancora Advisors LLC, Russell Investments Group Ltd., JBF Capital Inc., Dimensional Fund Advisors LP, Thomson Horstmann & Bryant Inc., ETF Managers Group LLC, Shepherd Kaplan Krochuk LLC and RMB Capital Management LLC. 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 $14.10.
How big of a company is Kearny Financial?
Kearny Financial has a market capitalization of $1.43 billion and generates $150.44 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 (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.
