Kearny Financial
KRNY
Market cap $523M

8.12 USD

-0.09

1.10%

At close Nov 18, 4:00 PM EST

After hours

8.12

+0.00

0.00%

1 day

-1.10%

5 days

-3.45%

1 month

9.88%

3 months

24.92%

6 months

36.93%

Year to date

-9.07%

1 year

2.14%

5 years

-42.41%

10 years

-44.35%

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

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,735 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 14

40% more call options, than puts

Call options by funds: $14K | Put options by funds: $10K

10% more funds holding

Funds holding: 145 [Q2] → 159 (+14) [Q3]

8% more capital invested

Capital invested by funds: $255M [Q2] → $276M (+$20.6M) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 52

2.09% less ownership

Funds ownership: 64.39% [Q2] → 62.31% (-2.09%) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for KRNY.

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Financial journalist opinion

Dividend Dependability Vs. Low-Growth Realities At Kearny Financial

Kearny Financial Corp. has shown recent improvements in net income and offers a reliable dividend, but its long-term stock performance has been disappointing. The bank's cautious approach to real estate exposure and solid balance sheet stability contribute to its risk management and asset quality. Despite a 17.2% growth in adjusted operating earnings, KRNY's stock price decline suggests investor skepticism about the bank's long-term gains.

Dividend Dependability Vs. Low-Growth Realities At Kearny Financial

Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend

FAIRFIELD, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2024 of $6.1 million, or $0.10 per diluted share, compared to a GAAP net loss of $90.1 million, or $1.45 per diluted share, for the quarter ended June 30, 2024. The net loss for the quarter ended June 30, 2024 included a goodwill impairment of $95.3 million, as previously disclosed. Excluding this item, net income for the quarter ended September 30, 2024 increased $496,000 from adjusted net income of $5.6 million for the quarter ended June 30, 2024.

Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend

FAIRFIELD, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported a GAAP net loss for the quarter ended June 30, 2024 of $90.1 million, or $1.45 per diluted share, attributable to a non-cash, after-tax, goodwill impairment of $95.3 million. Excluding the impact of the goodwill impairment and other non-recurring transactions, adjusted net income for the quarter ended June 30, 2024 was $5.6 million, or $0.09 per diluted share, as compared to net income of $7.4 million, or $0.12 per diluted share, for the quarter ended March 31, 2024.

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend

Kearny Financial Corp. Names Chief Operating Officer and Chief Financial Officer

FAIRFIELD, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank (the “Bank”), announced today that the Board of Directors promoted Keith Suchodolski to Senior Executive Vice President and Chief Operating Officer, effective July 1, 2024. Mr. Suchodolski has held progressive leadership roles within the Company since 2013, most recently serving as Chief Financial Officer since July 2018. In his new role, Mr. Suchodolski's range of responsibilities will broaden to include strategic oversight of retail & business banking, human resources, marketing, corporate finance and corporate administration.

Kearny Financial Corp. Names Chief Operating Officer and Chief Financial Officer

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The Dividend Trap: 3 High-Yield Stocks That Are More Trouble Than They're Worth

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

FAIRFIELD, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2024 of $7.4 million, or $0.12 per diluted share, compared to a net loss of $13.8 million, or $0.22 per diluted share, for the quarter ended December 31, 2023. The net loss for the quarter ended December 31, 2023 was impacted by various non-recurring items, as previously disclosed.

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

Kearny Financial Corp. Revises Second Quarter Fiscal 2024 Results

FAIRFIELD, N.J., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), revised the Company's earnings release for the quarter ended December 31, 2023 (the “Revised Earnings Release”), which was issued on January 25, 2024 (the “Original Earnings Release”), to adjust the timing of income recognition associated with a $4.8 million non-recurring increase in cash surrender value (the “enhancement fee”) associated with restructuring of its Bank-Owned Life Insurance (“BOLI”) portfolio that was originally recognized as non-interest income during the quarter.

Kearny Financial Corp. Revises Second Quarter Fiscal 2024 Results

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

FAIRFIELD, N.J., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported a net loss for the quarter ended December 31, 2023 of $9.0 million, or $0.14 per diluted share, compared to net income of $9.8 million, or $0.16 per diluted share, for the quarter ended September 30, 2023. Earnings for the current quarter were adversely impacted by a number of non-recurring items, as discussed in further detail below.

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

Kearny Financial Corp. Announces Investment Securities Repositioning

FAIRFIELD, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced the repositioning of a portion of its investment securities portfolio.

Kearny Financial Corp. Announces Investment Securities Repositioning

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