How have KRNY shares performed in 2024?

Kearny Financial's stock was trading at $8.97 at the start of the year. Since then, KRNY stock has decreased by 34.9% and is now trading at $5.84. View the best growth stocks for 2024 here .

Are investors shorting Kearny Financial?

Kearny Financial saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 995,400 shares, a decrease of 5.2% from the March 15th total of 1,050,000 shares. Based on an average trading volume of 449,600 shares, the short-interest ratio is currently 2.2 days. Currently, 1.8% of the company's stock are short sold. View Kearny Financial's Short Interest .

When is Kearny Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our KRNY earnings forecast .

How were Kearny Financial's earnings last quarter?

Kearny Financial Corp. (NASDAQ:KRNY) announced its quarterly earnings results on Wednesday, January, 31st. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.06. The savings and loans company earned $19.83 million during the quarter, compared to analysts' expectations of $42.60 million. Kearny Financial had a net margin of 5.84% and a trailing twelve-month return on equity of 4.44%.

How often does Kearny Financial pay dividends? What is the dividend yield for Kearny Financial?

Kearny Financial declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.11 per share on Wednesday, February 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend is Tuesday, February 6th. Read our dividend analysis for KRNY .

Is Kearny Financial a good dividend stock?

Kearny Financial (NASDAQ:KRNY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 7.94%. KRNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 151.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for KRNY .

What is Craig L. Montanaro's approval rating as Kearny Financial's CEO?

11 employees have rated Kearny Financial Chief Executive Officer Craig L. Montanaro on Glassdoor.com . Craig L. Montanaro has an approval rating of 87% among the company's employees.

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 Bancorp of Virginia (SONA) , New Jersey Resources (NJR) , Pure Storage (PSTG) , Columbia Financial (CLBK) , Meridian Bancorp (EBSB) , General Electric (GE) , Intel (INTC) , Altria Group (MO) .

How do I buy shares of Kearny Financial?

Shares of KRNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:KRNY

Kearny Financial (KRNY) Stock Price, News & Analysis

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Free KRNY Stock Alerts

$5.84

+0.30 (+5.42%)

(As of 04/19/2024 ET)

Compare

Today's Range: $5.52
▼
$5.86
50-Day Range: $5.50
▼
$6.82
52-Week Range: $5.44
▼
$9.46

Volume: 425,344 shs
Average Volume: 447,112 shs
Market Capitalization: $376.33 million

P/E Ratio: 20.14
Dividend Yield: 7.53%
Price Target: N/A

Get Kearny Financial alerts:

Kearny Financial MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.76% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.95
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$98,664 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.62 out of 5 stars

Finance Sector

401st out of 843 stocks

Federal Savings Institutions Industry

17th out of 30 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Kearny Financial.

5.0

Short Interest

Percentage of Shares Shorted
1.76% of the float of Kearny Financial has been sold short.
Short Interest Ratio / Days to Cover
Kearny Financial has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Kearny Financial has recently decreased by 5.20%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Kearny Financial is a leading dividend payer. It pays a dividend yield of 7.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kearny Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kearny Financial is 151.73%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KRNY.

2.8

News and Social Media Coverage

News Sentiment
Kearny Financial has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Kearny Financial this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Kearny Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kearny Financial insiders have bought 356.88% more of their company's stock than they have sold. Specifically, they have bought $98,664.00 in company stock and sold $21,595.00 in company stock.
Percentage Held by Insiders
Only 8.22% of the stock of Kearny Financial is held by insiders.
Percentage Held by Institutions
71.01% of the stock of Kearny Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Kearny Financial is 20.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kearny Financial is 20.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.30.
Price to Book Value per Share Ratio
Kearny Financial has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Kearny Financial Stock (NASDAQ:KRNY)

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 multi-family and nonresidential real estate mortgage loans, commercial term loans and lines of credit, one- to four-family residential mortgage loans, and home equity loans and lines of credit; loans to individuals, builders, or developers for the construction of multi-family residential buildings or commercial real estate, or for the construction or renovation of one- to four-family residences; overdraft lines of credit; and personal loans. In addition, the company engages in investment activities. Kearny Financial Corp. was founded in 1884 and is headquartered in Fairfield, New Jersey.

KRNY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KRNY Stock News Headlines

April 18, 2024 | americanbankingnews.com

Kearny Financial (KRNY) Set to Announce Earnings on Thursday

April 16, 2024 | americanbankingnews.com

Kearny Financial Corp. (NASDAQ:KRNY) Sees Significant Decline in Short Interest

April 20, 2024 | Altimetry (Ad)

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March 28, 2024 | finance.yahoo.com

Kearny Financial Corp. (KRNY)

March 20, 2024 | investing.com

Kearny Financial Corp. SEVP and CFO acquires $11.7k in stock

March 8, 2024 | finance.yahoo.com

With 69% institutional ownership, Kearny Financial Corp. (NASDAQ:KRNY) is a favorite amongst the big guns

February 14, 2024 | finance.yahoo.com

Jim Simons Adjusts Position in Kearny Financial Corp

February 10, 2024 | finance.yahoo.com

Independent Director of Kearny Financial Christopher Petermann Buys 22% More Shares

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

February 10, 2024 | markets.businessinsider.com

Kearny Financial Enhances Investor Insight with New Presentation

February 4, 2024 | finanznachrichten.de

Kearny Bank: Kearny Financial Corp. Revises Second Quarter Fiscal 2024 Results

February 1, 2024 | finance.yahoo.com

Just Four Days Till Kearny Financial Corp. (NASDAQ:KRNY) Will Be Trading Ex-Dividend

January 31, 2024 | finance.yahoo.com

Kearny Financial Corp. Revises Second Quarter Fiscal 2024 Results

January 28, 2024 | finance.yahoo.com

Kearny Financial (NASDAQ:KRNY) Is Paying Out A Dividend Of $0.11

January 26, 2024 | markets.businessinsider.com

Analysts Are Neutral on Top Financial Stocks: Kearny Financial (KRNY), Blackstone Group (BX)

January 25, 2024 | finance.yahoo.com

Kearny Financial Corp. Announces Second Quarter Fiscal 2024 Results and Declaration of Cash Dividend

January 25, 2024 | finance.yahoo.com

Kearny Financial Corp (KRNY) Faces Net Loss in Q2 Fiscal 2024 Amid Strategic Repositioning

January 12, 2024 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Kearny Financial Stock

December 29, 2023 | nj.com

Glen Ridge, Kearny win at Charlie Dolan Holiday Tournament - Girls basketball roundup

December 29, 2023 | nj.com

See all homes sold in Kearny, Dec. 18 to Dec. 24

December 20, 2023 | finance.yahoo.com

Kearny Financial Corp. Announces Investment Securities Repositioning

December 16, 2023 | msn.com

Kearny Financial (KRNY) Price Target Increased by 6.90% to 7.91

November 29, 2023 | finance.yahoo.com

Kearny Financial (NASDAQ:KRNY) shareholders have endured a 26% loss from investing in the stock five years ago

November 9, 2023 | morningstar.com

Kearny Financial Corp KRNY

November 7, 2023 | finance.yahoo.com

Kearny Financial Corp. Announces Completion of Stock Repurchase Plan

November 3, 2023 | markets.businessinsider.com

Analysts Are Neutral on These Financial Stocks: OP Bancorp (OPBK), WisdomTree (WT)

October 26, 2023 | msn.com

Kearny Financial GAAP EPS of $0.16, revenue of $43.17M

See More Headlines

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Company Calendar

Last Earnings: 1/31/2024
Ex-Dividend for 2/21 Dividend: 2/06/2024
Dividend Payable: 2/21/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Federal savings institutions
Sub-Industry: Thrifts & Mortgage Finance
Current Symbol: NASDAQ:KRNY
CUSIP: 48716910
CIK: 1617242
Web: www.kearnybank.com
Phone: (973) 244-4500
Fax: N/A
Employees: 556
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.29
Trailing P/E Ratio: 20.14
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $40.81 million
Net Margins: 5.84%
Pretax Margin: 9.46%
Return on Equity: 4.44%
Return on Assets: 0.47%

Debt

Debt-to-Equity Ratio: 1.97
Current Ratio: 1.09
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $296.48 million
Price / Sales: 1.27
Cash Flow: $0.83 per share
Price / Cash Flow: 7.01
Book Value: $13.15 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 64,440,000
Free Float: 59,140,000
Market Cap: $376.33 million
Optionable: Optionable
Beta: 0.71

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Key Executives

Mr. Craig L. Montanaro (Age 58)
President, CEO & Director
Comp: $971.56k
Mr. Keith Suchodolski (Age 44)
Senior Executive VP & CFO
Comp: $573.47k
Mr. Thomas D. DeMedici (Age 63)
Executive VP & Chief Credit Officer
Comp: $462.13k
Mr. Anthony V. Bilotta Jr. (Age 64)
Executive VP & Chief Banking Officer
Comp: $480.78k
Mr. Patrick M. Joyce (Age 59)
Executive VP & Chief Lending Officer
Comp: $459.6k
Mr. Timothy A. Swansson (Age 47)
Executive VP and Chief Technology & Innovation Officer
Comp: $414.42k
Ms. Erika K. Parisi (Age 59)
Executive VP & Chief Administrative Officer
Comp: $456.64k
Taryn Rockwell
Investor Relations Associate
Mr. John V. Dunne (Age 73)
Executive VP & Chief Risk Officer
Comp: $366.63k
Mr. Sean M. Byrnes
Executive VP & Deputy CFO

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KRNY Stock Analysis - Frequently Asked Questions

How have KRNY shares performed in 2024?: Kearny Financial's stock was trading at $8.97 at the start of the year. Since then, KRNY stock has decreased by 34.9% and is now trading at $5.84.
View the best growth stocks for 2024 here.
Are investors shorting Kearny Financial?: Kearny Financial saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 995,400 shares, a decrease of 5.2% from the March 15th total of 1,050,000 shares. Based on an average trading volume of 449,600 shares, the short-interest ratio is currently 2.2 days. Currently, 1.8% of the company's stock are short sold.
View Kearny Financial's Short Interest.
When is Kearny Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our KRNY earnings forecast.
How were Kearny Financial's earnings last quarter?: Kearny Financial Corp. (NASDAQ:KRNY) announced its quarterly earnings results on Wednesday, January, 31st. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.06. The savings and loans company earned $19.83 million during the quarter, compared to analysts' expectations of $42.60 million. Kearny Financial had a net margin of 5.84% and a trailing twelve-month return on equity of 4.44%.
How often does Kearny Financial pay dividends? What is the dividend yield for Kearny Financial?: Kearny Financial declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.11 per share on Wednesday, February 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend is Tuesday, February 6th.
Read our dividend analysis for KRNY.

Is Kearny Financial a good dividend stock?: Kearny Financial (NASDAQ:KRNY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 7.94%. KRNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 151.73%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for KRNY.
What is Craig L. Montanaro's approval rating as Kearny Financial's CEO?: 11 employees have rated Kearny Financial Chief Executive Officer Craig L. Montanaro on Glassdoor.com. Craig L. Montanaro has an approval rating of 87% among the company's employees.
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 Bancorp of Virginia (SONA), New Jersey Resources (NJR), Pure Storage (PSTG), Columbia Financial (CLBK), Meridian Bancorp (EBSB), General Electric (GE), Intel (INTC), Altria Group (MO).
How do I buy shares of Kearny Financial?: Shares of KRNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:KRNY) was last updated on 4/20/2024 by MarketBeat.com Staff

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