Recent Insider Transactions • Jul 29
Independent Director recently bought US$138k worth of stock On the 27th of July, Curtland Fields bought around 15k shares on-market at roughly US$9.41 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$350k more in shares than they have sold in the last 12 months. Declared Dividend • Jul 27
Fourth quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 12th August 2026 Payment date: 26th August 2026 Dividend yield will be 4.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (76% payout ratio) and is expected to be covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 24
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: US$0.58 (up from US$0.42 in FY 2025). Revenue: US$176.4m (up 16% from FY 2025). Net income: US$36.3m (up 39% from FY 2025). Profit margin: 21% (up from 17% in FY 2025). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.18% (up from 1.88% in FY 2025). Cost-to-income ratio: 72.6% (down from 78.3% in FY 2025). Non-performing loans: 0.81% (up from 0.78% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Jul 09
Price target increased by 17% to US$10.50 Up from US$9.00, the current price target is an average from 2 analysts. New target price is 12% above last closing price of US$9.39. Stock is up 41% over the past year. The company is forecast to post earnings per share of US$0.62 for next year compared to US$0.42 last year. Annonce • Jul 08
Kearny Financial Corp. to Report Q4, 2026 Results on Jul 23, 2026 Kearny Financial Corp. announced that they will report Q4, 2026 results at 8:30 AM, US Eastern Standard Time on Jul 23, 2026 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 9 highly experienced directors. Independent Director Curtland Fields was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 20
Independent Director recently bought US$72k worth of stock On the 18th of June, Curtland Fields bought around 9k shares on-market at roughly US$8.37 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$212k more in shares than they have sold in the last 12 months. Price Target Changed • Apr 27
Price target increased by 13% to US$9.00 Up from US$8.00, the current price target is an average from 2 analysts. New target price is 11% above last closing price of US$8.14. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$0.63 for next year compared to US$0.42 last year. Declared Dividend • Apr 27
Third quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 6th May 2026 Payment date: 20th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
Third quarter 2026 earnings released: EPS: US$0.16 (vs US$0.11 in 3Q 2025) Third quarter 2026 results: EPS: US$0.16 (up from US$0.11 in 3Q 2025). Revenue: US$44.9m (up 18% from 3Q 2025). Net income: US$10.1m (up 53% from 3Q 2025). Profit margin: 23% (up from 17% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Apr 09
New major risk - Revenue and earnings growth Earnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annonce • Mar 28
Kearny Financial Corp. to Report Q3, 2026 Results on Apr 23, 2026 Kearny Financial Corp. announced that they will report Q3, 2026 results at 8:30 AM, US Eastern Standard Time on Apr 23, 2026 Price Target Changed • Jan 27
Price target increased by 13% to US$9.00 Up from US$8.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$7.66. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of US$0.69 for next year compared to US$0.42 last year. Declared Dividend • Jan 26
Second quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 4th February 2026 Payment date: 18th February 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 23
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: US$0.15 (up from US$0.10 in 2Q 2025). Revenue: US$43.0m (up 15% from 2Q 2025). Net income: US$9.45m (up 44% from 2Q 2025). Profit margin: 22% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • Jan 22
Kearny Financial Corp. Declares Quarterly Cash Dividend, Payable on February 18, 2026 Kearny Financial Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on February 18, 2026, to stockholders of record as of February 4, 2026. Annonce • Jan 14
Kearny Financial Corp. to Report Q2, 2026 Results on Jan 22, 2026 Kearny Financial Corp. announced that they will report Q2, 2026 results at 8:30 AM, US Eastern Standard Time on Jan 22, 2026 Price Target Changed • Dec 12
Price target increased by 10% to US$8.00 Up from US$7.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$7.77. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of US$0.75 for next year compared to US$0.42 last year. Declared Dividend • Oct 26
First quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 5th November 2025 Payment date: 19th November 2025 Dividend yield will be 6.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 35% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Oct 24
First quarter 2026 earnings released: EPS: US$0.15 (vs US$0.098 in 1Q 2025) First quarter 2026 results: EPS: US$0.15 (up from US$0.098 in 1Q 2025). Revenue: US$43.6m (up 18% from 1Q 2025). Net income: US$9.51m (up 56% from 1Q 2025). Profit margin: 22% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Annonce • Oct 08
Kearny Financial Corp. to Report Q1, 2026 Results on Oct 23, 2025 Kearny Financial Corp. announced that they will report Q1, 2026 results at 8:30 AM, US Eastern Standard Time on Oct 23, 2025 Recent Insider Transactions • Sep 24
Director recently bought US$66k worth of stock On the 19th of September, Leopold Montanaro bought around 10k shares on-market at roughly US$6.57 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$94k more in shares than they have sold in the last 12 months. Annonce • Sep 11
Kearny Financial Corp., Annual General Meeting, Oct 21, 2025 Kearny Financial Corp., Annual General Meeting, Oct 21, 2025. Reported Earnings • Aug 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$0.42 (up from US$1.39 loss in FY 2024). Revenue: US$151.6m (up 13% from FY 2024). Net income: US$26.1m (up US$112.7m from FY 2024). Profit margin: 17% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Net interest margin (NIM): 1.88% (down from 1.94% in FY 2024). Cost-to-income ratio: 78.3% (down from 153.0% in FY 2024). Non-performing loans: 0.78% (up from 0.69% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (105% payout ratio). Declared Dividend • Jul 27
Third quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 12th August 2025 Payment date: 26th August 2025 Dividend yield will be 7.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Declared Dividend • Apr 27
Third quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 7th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Apr 25
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.11 (down from US$0.12 in 3Q 2024). Revenue: US$38.2m (up 1.9% from 3Q 2024). Net income: US$6.65m (down 10% from 3Q 2024). Profit margin: 17% (down from 20% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings have declined by 44% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Annonce • Apr 01
Kearny Financial Corp. to Report Q3, 2025 Results on Apr 24, 2025 Kearny Financial Corp. announced that they will report Q3, 2025 results at 8:30 AM, US Eastern Standard Time on Apr 24, 2025 Buy Or Sell Opportunity • Mar 19
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to US$6.52. The fair value is estimated to be US$5.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Feb 02
Second quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 12th February 2025 Payment date: 26th February 2025 Dividend yield will be 6.4%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time. Annonce • Jan 31
Kearny Financial Corp. Announces Quarterly Dividend, Payable on February 26, 2025 Kearny Financial Corp. announced a quarterly cash dividend of $0.11 per share, payable on February 26, 2025 to stockholders of record as of February 12, 2025. Reported Earnings • Jan 30
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: US$0.10 (up from US$0.22 loss in 2Q 2024). Revenue: US$37.4m (up 111% from 2Q 2024). Net income: US$6.57m (up US$20.4m from 2Q 2024). Profit margin: 18% (up from net loss in 2Q 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annonce • Jan 09
Kearny Financial Corp. to Report Q2, 2025 Results on Jan 30, 2025 Kearny Financial Corp. announced that they will report Q2, 2025 results at 8:30 AM, US Eastern Standard Time on Jan 30, 2025 Price Target Changed • Dec 16
Price target increased by 13% to US$8.63 Up from US$7.63, the current price target is an average from 2 analysts. New target price is 5.6% above last closing price of US$8.17. Stock is down 10% over the past year. The company is forecast to post earnings per share of US$0.45 next year compared to a net loss per share of US$1.39 last year. Price Target Changed • Dec 04
Price target increased by 8.3% to US$8.13 Up from US$7.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$8.09. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of US$0.45 next year compared to a net loss per share of US$1.39 last year. Declared Dividend • Oct 27
First quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 6th November 2024 Payment date: 20th November 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time. Annonce • Oct 24
Kearny Financial Corp. Announces Quarterly Cash Dividend, Payable on November 20, 2024 Kearny Financial Corp.'s Board of Directors announced a quarterly cash dividend of $0.11 per share, payable on November 20, 2024 to stockholders of record as of November 6, 2024. Annonce • Sep 17
Kearny Financial Corp. to Report Q1, 2025 Results on Oct 24, 2024 Kearny Financial Corp. announced that they will report Q1, 2025 results at 8:30 AM, US Eastern Standard Time on Oct 24, 2024 Buy Or Sell Opportunity • Sep 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to US$6.66. The fair value is estimated to be US$5.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Annonce • Sep 09
Kearny Financial Corp., Annual General Meeting, Oct 17, 2024 Kearny Financial Corp., Annual General Meeting, Oct 17, 2024. Buy Or Sell Opportunity • Aug 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to US$6.18. The fair value is estimated to be US$5.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Jul 29
Fourth quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 12th August 2024 Payment date: 26th August 2024 Dividend yield will be 6.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time. Price Target Changed • Jul 26
Price target increased by 8.0% to US$6.75 Up from US$6.25, the current price target is an average from 2 analysts. New target price is 5.7% below last closing price of US$7.16. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.38 next year compared to a net loss per share of US$1.39 last year. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$7.02, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Banks industry in the US. Total loss to shareholders of 31% over the past three years. Major Estimate Revision • May 02
Consensus EPS estimates increase by 44% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.09 to US$0.13. Revenue forecast steady at US$138.7m. Net income forecast to grow 28% next year vs 1.5% growth forecast for Banks industry in the US. Consensus price target down from US$6.88 to US$6.25. Share price was steady at US$5.65 over the past week. Price Target Changed • Apr 30
Price target decreased by 9.1% to US$6.25 Down from US$6.88, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$5.40. Stock is down 27% over the past year. The company is forecast to post earnings per share of US$0.13 for next year compared to US$0.63 last year. Price Target Changed • Mar 26
Price target decreased by 18% to US$6.88 Down from US$8.38, the current price target is an average from 2 analysts. New target price is 14% above last closing price of US$6.01. Stock is down 28% over the past year. The company is forecast to post earnings per share of US$0.09 for next year compared to US$0.63 last year. Annonce • Mar 08
Kearny Financial Corp. to Report Q3, 2024 Results on Apr 25, 2024 Kearny Financial Corp. announced that they will report Q3, 2024 results at 8:30 AM, US Eastern Standard Time on Apr 25, 2024 Recent Insider Transactions • Feb 10
Independent Director recently bought US$61k worth of stock On the 8th of February, Christopher Petermann bought around 10k shares on-market at roughly US$6.14 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$438k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$6.09, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 36% over the past three years. Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 59% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$158.0m to US$142.6m. EPS estimate also fell from US$0.39 per share to US$0.16 per share. Net income forecast to shrink 19% next year vs 3.5% decline forecast for Banks industry in the US. Consensus price target down from US$8.38 to US$7.88. Share price fell 6.9% to US$7.23 over the past week. Upcoming Dividend • Jan 30
Upcoming dividend of US$0.11 per share at 5.6% yield Eligible shareholders must have bought the stock before 06 February 2024. Payment date: 21 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.6%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.2%). Declared Dividend • Jan 28
Second quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 6th February 2024 Payment date: 21st February 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. EPS is expected to grow by 16% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Annonce • Jan 26
Kearny Financial Corp. Announces Net Charge-Offs for the Quarter Ended December 31, 2023 Kearny Financial Corp. announced Net charge-offs for the quarter ended December 31, 2023. For the period, the company reported Net charge-offs of $4,110,000 compared to $407,000 a year ago. Annonce • Jan 25
Kearny Financial Corp. Announces Declaration of Cash Dividend, Payable on February 21, 2024 Kearny Financial Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on February 21, 2024, to stockholders of record as of February 7, 2024. Buy Or Sell Opportunity • Jan 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to US$8.37. The fair value is estimated to be US$6.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 2.8% in a year. Earnings are forecast to decline by 46% in the next year. Upcoming Dividend • Oct 31
Upcoming dividend of US$0.11 per share at 6.3% yield Eligible shareholders must have bought the stock before 07 November 2023. Payment date: 22 November 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 6.3%. Within top quartile of American dividend payers (5.4%). Higher than average of industry peers (4.1%). Reported Earnings • Oct 27
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.16 (down from US$0.25 in 1Q 2023). Revenue: US$42.9m (down 20% from 1Q 2023). Net income: US$9.84m (down 41% from 1Q 2023). Profit margin: 23% (down from 31% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Annonce • Oct 27
Kearny Financial Corp. Declares Quarterly Cash Dividend, Payable on November 22, 2023 Kearny Financial Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on November 22, 2023, to stockholders of record as of November 8, 2023. Price Target Changed • Oct 08
Price target decreased by 9.4% to US$7.25 Down from US$8.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$6.97. Stock is down 33% over the past year. The company is forecast to post earnings per share of US$0.38 for next year compared to US$0.63 last year. Annonce • Sep 16
Kearny Financial Corp., Annual General Meeting, Oct 26, 2023 Kearny Financial Corp., Annual General Meeting, Oct 26, 2023, at 10:00 Eastern Standard Time. Agenda: To consider and vote on the election of six directors; to consider the ratification of Crowe LLP as independent registered public accounting firm for the year ending June 30, 2024; to consider the approval of a An advisory, non-binding resolution to approve executive compensation as described in this Proxy Statement. Annonce • Sep 08
Kearny Financial Corp. to Report Q1, 2024 Results on Oct 26, 2023 Kearny Financial Corp. announced that they will report Q1, 2024 results at 8:30 AM, US Eastern Standard Time on Oct 26, 2023 Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: US$0.63 (vs US$0.95 in FY 2022) Full year 2023 results: EPS: US$0.63 (down from US$0.95 in FY 2022). Revenue: US$176.1m (down 19% from FY 2022). Net income: US$40.8m (down 40% from FY 2022). Profit margin: 23% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 04
Insider recently bought US$86k worth of stock On the 2nd of August, Curtland Fields bought around 10k shares on-market at roughly US$8.40 per share. This transaction increased Curtland Fields' direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$277k more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 01
Upcoming dividend of US$0.11 per share at 5.1% yield Eligible shareholders must have bought the stock before 08 August 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%). Price Target Changed • Jul 31
Price target increased by 10% to US$8.00 Up from US$7.25, the current price target is an average from 2 analysts. New target price is 6.9% below last closing price of US$8.59. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$0.55 for next year compared to US$0.95 last year. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$8.77, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 22% over the past three years. Price Target Changed • Jul 14
Price target decreased by 7.3% to US$8.50 Down from US$9.17, the current price target is an average from 3 analysts. New target price is 14% above last closing price of US$7.45. Stock is down 30% over the past year. The company is forecast to post earnings per share of US$0.55 for next year compared to US$0.95 last year. Price Target Changed • Jun 26
Price target decreased by 8.5% to US$9.00 Down from US$9.83, the current price target is an average from 3 analysts. New target price is 27% above last closing price of US$7.08. Stock is down 37% over the past year. The company is forecast to post earnings per share of US$0.58 for next year compared to US$0.95 last year. Annonce • Jun 23
Kearny Financial Corp. and Kearny Bank Appoints Two New Directors Kearny Financial Corp., the holding company of Kearny Bank, announced that the Board of Directors of the Company and the Board of Directors of the Bank each appointed two new directors, Curtland E. Fields and Melvina Wong-Zaza, effective June 22, 2023. Mr. Fields is President, Chief Executive Officer and Trustee of the Turrell Fund, a Foundation serving children and their families in New Jersey and Vermont. Mr. Fields has also been a Trustee of the Fund since 1997, and he was appointed President and Chief Executive Officer of the Fund in 2005 after a distinguished career with AT&T. Mr. Fields served as President of the $4 billion Consumer Services Division at AT&T and prior to that as President of AT&T’s largest operating region in the Midwest. His experience at AT&T included assignments of increasing responsibility in finance, operations and marketing and included key assignments in the Office of the Chairman. Mr. Fields holds an undergraduate degree in architecture and engineering, with high honors, from Princeton University. He also holds a master’s in business administration, in finance and marketing, with honors, from the Wharton School at the University of Pennsylvania. Ms. Wong-Zaza currently holds the position of Director, Strategic Global Clients at CMA-CGM Group, a global shipping company where she provides executive leadership and innovative solutions to global clients in Asia, Europe and USA markets. Her career spans over 30 years in senior management and executive roles bridging sales, strategic marketing/pricing, customer service/documentation center management and e-commerce. Ms. Wong-Zaza is experienced at developing and expanding new markets with a focus on establishing long-term profitable client relationships. Annonce • Jun 06
Kearny Financial Corp. to Report Q4, 2023 Results on Jul 27, 2023 Kearny Financial Corp. announced that they will report Q4, 2023 results at 8:30 AM, US Eastern Standard Time on Jul 27, 2023