| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
KRNY Stock Overview
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States.
Kearny Financial Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.06 |
| 52 Week High | US$13.89 |
| 52 Week Low | US$9.96 |
| Beta | 0.82 |
| 1 Month Change | 0.93% |
| 3 Month Change | -0.99% |
| 1 Year Change | 21.26% |
| 3 Year Change | -0.76% |
| 5 Year Change | -11.46% |
| Change since IPO | 58.28% |
Recent News & Updates
Check Out Kearny Financial With Its Rising Dividends And Aggressive Share Repurchase
Kearny Financial boosts dividend payout by 10%. Dividend remains well covered, with payout near historical lows. Ongoing share buybacks have reduced outstanding shares by more than 25% since May 2018.
Kearny Financial Corp.'s (NASDAQ:KRNY) CEO Compensation Looks Acceptable To Us And Here's Why
Under the guidance of CEO Craig Montanaro, Kearny Financial Corp. ( NASDAQ:KRNY ) has performed reasonably well...
Kearny Financial's Latest Buyback Could Boost Share Price
Kearny Financial recently announced a new share buyback. It's the fifth one since the bank converted to a stock holding company form of ownership six years ago. Despite a significant decrease in shares outstanding, the stock price has yet to move significantly higher.
Shareholder Returns
| KRNY | US Mortgage | US Market | |
|---|---|---|---|
| 7D | -5.6% | -5.8% | -6.1% |
| 1Y | 21.3% | -12.6% | 4.2% |
Return vs Industry: KRNY exceeded the US Mortgage industry which returned -11.8% over the past year.
Return vs Market: KRNY exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| KRNY volatility | |
|---|---|
| KRNY Average Weekly Movement | 3.2% |
| Mortgage Industry Average Movement | 3.7% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.6% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: KRNY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: KRNY's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1884 | 584 | Craig Montanaro | https://www.kearnybank.com |
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. It 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 first mortgage loans, and home equity loans and lines of credit; loans to individuals for the construction or renovation of one- to four-family residences, or for the construction of commercial real estate or multi-family residential buildings; overdraft lines of credit; and personal loans.
Kearny Financial Fundamentals Summary
| KRNY fundamental statistics | |
|---|---|
| Market Cap | US$944.77m |
| Earnings (TTM) | US$71.57m |
| Revenue (TTM) | US$220.54m |
13.2x
P/E Ratio0.9x
P/B RatioIs KRNY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KRNY income statement (TTM) | |
|---|---|
| Revenue | US$220.54m |
| Cost of Revenue | US$0 |
| Gross Profit | US$220.54m |
| Expenses | US$148.97m |
| Earnings | US$71.57m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 27, 2022
| Earnings per share (EPS) | 0.99 |
| Gross Margin | 100.00% |
| Net Profit Margin | 32.45% |
| Debt/Equity Ratio | 71.1% |
How did KRNY perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield41%
Payout RatioValuation
Is Kearny Financial undervalued compared to its fair value and its price relative to the market?
13.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KRNY ($13.06) is trading above our estimate of fair value ($5.19)
Significantly Below Fair Value: KRNY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KRNY is poor value based on its PE Ratio (13.2x) compared to the US Mortgage industry average (12.6x).
PE vs Market: KRNY is good value based on its PE Ratio (13.2x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: KRNY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KRNY's PB Ratio (0.9x) is in line with the US Mortgage industry average.
Future Growth
How is Kearny Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-6.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KRNY's earnings are forecast to decline over the next 3 years (-6.5% per year).
Earnings vs Market: KRNY's earnings are forecast to decline over the next 3 years (-6.5% per year).
High Growth Earnings: KRNY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KRNY's revenue is expected to decline over the next 3 years (-0.4% per year).
High Growth Revenue: KRNY's revenue is forecast to decline over the next 3 years (-0.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KRNY's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Kearny Financial performed over the past 5 years?
29.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KRNY has high quality earnings.
Growing Profit Margin: KRNY's current net profit margins (32.5%) are higher than last year (26.8%).
Past Earnings Growth Analysis
Earnings Trend: KRNY's earnings have grown significantly by 29% per year over the past 5 years.
Accelerating Growth: KRNY's earnings growth over the past year (59.1%) exceeds its 5-year average (29% per year).
Earnings vs Industry: KRNY earnings growth over the past year (59.1%) exceeded the Mortgage industry 32.1%.
Return on Equity
High ROE: KRNY's Return on Equity (7.1%) is considered low.
Financial Health
How is Kearny Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: KRNY's Assets to Equity ratio (7.1x) is low.
Allowance for Bad Loans: KRNY has a low allowance for bad loans (71%).
Low Risk Liabilities: 87% of KRNY's liabilities are made up of primarily low risk sources of funding.
Loan Level: KRNY has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: KRNY's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: KRNY has an appropriate level of bad loans (1.5%).
Dividend
What is Kearny Financial current dividend yield, its reliability and sustainability?
3.37%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KRNY's dividend (3.37%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: KRNY's dividend (3.37%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: KRNY's dividend payments have been volatile in the past 10 years.
Growing Dividend: KRNY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.1%), KRNY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Craig Montanaro (55 yo)
10.75yrs
Tenure
US$1,146,955
Compensation
Mr. Craig L. Montanaro has been the President and Chief Executive Officer of Kearny Financial Corp. and its subsidiary Kearny Federal Savings Bank since April 1, 2011 and April 2011 respectively. Mr. Monta...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.15M) is below average for companies of similar size in the US market ($USD2.38M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: KRNY's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: KRNY's board of directors are seasoned and experienced ( 19.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KRNY insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Kearny Financial Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: Kearny Financial Corp.
- Ticker: KRNY
- Exchange: NasdaqGS
- Founded: 1884
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$944.768m
- Shares outstanding: 72.34m
- Website: https://www.kearnybank.com
Number of Employees
Location
- Kearny Financial Corp.
- 120 Passaic Avenue
- Fairfield
- New Jersey
- 7004
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:47 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.