Kearny FinancialKRNY
Market Cap: $415M
About: Kearny Financial Corp is a federally-chartered stock savings bank. The bank is engaged in the business of attracting deposits from the general public in New Jersey and New York, and using these deposits, together with other funds, to originate or purchase loans for its portfolios and invest in securities. The bank's loan portfolio is chiefly comprised of loans collateralized by commercial and residential real estate. It is also heavily into secured and unsecured business and consumer loans. The bank's primary source of income is net interest income.
Employees: 556
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
173% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 26
60% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 20
38% more call options, than puts
Call options by funds: $99K | Put options by funds: $72K
9% more funds holding
Funds holding: 133 [Q1] → 145 (+12) [Q2]
0.5% less ownership
Funds ownership: 63.86% [Q1] → 63.36% (-0.5%) [Q2]
5% less capital invested
Capital invested by funds: $265M [Q1] → $251M (-$14M) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Keefe, Bruyette & Woods Christopher O'Connell 75% 1-year accuracy 12 / 16 met price target | 9%upside $7 | Market Perform Maintained | 30 Jul 2024 |