Kearny Financial (KRNY) Stock Price, News & Analysis

Company Overview

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, 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, it engages in the investment activities. Kearny Financial Corp. was founded in 1884 and is headquartered in Fairfield, New Jersey.

Key Stats

• Today's Range: $7.31 to $7.66
• 50-Day Range: $6.75 to $8.48
• 52-Week Range: $5.28 to $9.44
• Volume: 1.90 million shs
• Average Volume: 423,148 shs
• Market Capitalization: $479.18 million
• P/E Ratio: N/A
• Dividend Yield: 5.93%
• Price Target: $7.00
• Consensus Rating: Hold

Kearny Financial Stock Analysis - MarketRank™

Kearny Financial scored higher than 30% of companies evaluated by MarketBeat, and ranked 842nd out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Kearny Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Kearny Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Kearny Financial is -5.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kearny Financial is -5.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Kearny Financial has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.68% 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 1.1, 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 9.47%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Kearny Financial is a leading dividend payer. It pays a dividend yield of 5.48%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.68% 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 1.1, 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 9.47%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

Kearny Financial has a news sentiment score of 1.67. 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 0.78 average news sentiment score of Finance companies.

Search Interest

Only 1 people have searched for KRNY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Kearny Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.56% 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.

KRNY Stock Analysis - Frequently Asked Questions

How have KRNY shares performed this year?

Kearny Financial's stock was trading at $8.97 at the start of the year. Since then, KRNY shares have decreased by 17.3% and is now trading at $7.42.
View the best growth stocks for 2024 here.

How were Kearny Financial's earnings last quarter?

Kearny Financial Corp. (NASDAQ:KRNY) posted its quarterly earnings results on Thursday, October, 24th. The savings and loans company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The savings and loans company earned $87.88 million during the quarter, compared to analysts' expectations of $37.70 million. Kearny Financial had a negative net margin of 27.43% and a positive trailing twelve-month return on equity of 3.05%.

Who are Kearny Financial's major shareholders?

Top institutional investors of Kearny Financial include State Street Corp (3.17%), Geode Capital Management LLC (2.10%), Hotchkis & Wiley Capital Management LLC (1.53%) and Charles Schwab Investment Management Inc. (1.10%). Insiders that own company stock include John F Mcgovern, Leopold W Montanaro, John J Mazur Jr, John F Regan, Keith Suchodolski, Thomas Demedici, Charles J Pivirotto, Christopher Petermann, Patrick M Joyce, Timothy A Swansson, Melvina Wong-Zaza and Curtland E Fields.
View institutional ownership trends.

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.

What other stocks do shareholders of Kearny Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kearny Financial investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 11/20 Dividend: 11/06/2024
• Dividend Payable: 11/20/2024
• Today: 12/20/2024
• Fiscal Year End: 6/30/2025

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: 552
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: -5.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.45)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-86,670,000.00
• Net Margins: -27.43%
• Pretax Margin: -26.32%
• Return on Equity: 3.05%
• Return on Assets: 0.31%

Debt

• Debt-to-Equity Ratio: 1.99
• Current Ratio: 1.08
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $134.50 million
• Price / Sales: 3.56
• Cash Flow: $1.85 per share
• Price / Cash Flow: 4.01
• Book Value: $11.69 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 64,580,000
• Free Float: 59,052,000
• Market Cap: $479.18 million
• Optionable: Optionable
• Beta: 0.80