Kearny FinancialKRNY
KRNY
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
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $2K | Put options by funds: $1K
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
18% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 55
4% more funds holding
Funds holding: 159 [Q3] → 165 (+6) [Q4]
3% more capital invested
Capital invested by funds: $277M [Q3] → $286M (+$8.17M) [Q4]
0.18% less ownership
Funds ownership: 62.68% [Q3] → 62.5% (-0.18%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8.50
25%
upside
Avg. target
$8.50
25%
upside
High target
$8.50
25%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Mark Fitzgibbon 75% 1-year accuracy 12 / 16 met price target | 25%upside $8.50 | Overweight Upgraded | 6 Jan 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
3 weeks ago
Kearny Financial Corp. Announces Second Quarter Fiscal 2025 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Jan. 30, 2025 (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 December 31, 2024 of $6.6 million, compared to $6.1 million for the quarter ended September 30, 2024.
Neutral
GlobeNewsWire
2 months ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Neutral
Seeking Alpha
3 months ago
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.
Neutral
GlobeNewsWire
3 months ago
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.
Neutral
GlobeNewsWire
6 months ago
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.
Neutral
GlobeNewsWire
8 months ago
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.
Neutral
InvestorPlace
8 months ago
The Dividend Trap: 3 High-Yield Stocks That Are More Trouble Than They're Worth
Dividends, as well as share buy-back programs, can be lucrative for shareholders of a cash generating company. Apple (NASDAQ: AAPL ), for example, is a cash cow that's struggling in terms of equity performance (and innovation), but the tech giant offers a nice dividend and returns tons of cash back to shareholders in the former of share repurchases.
Neutral
GlobeNewsWire
9 months ago
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.
Neutral
GlobeNewsWire
1 year ago
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.
Neutral
GlobeNewsWire
1 year ago
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.
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