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Market Cap

US$1.0b

Last Updated

2021/04/19 23:19 UTC

Data Sources

Company Financials +

Executive Summary

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. More Details


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Kearny Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KRNY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KRNY's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

KRNY

-1.5%

US Mortgage

1.3%

US Market


1 Year Return

53.4%

KRNY

72.8%

US Mortgage

53.8%

US Market

Return vs Industry: KRNY underperformed the US Mortgage industry which returned 72.8% over the past year.

Return vs Market: KRNY underperformed the US Market which returned 53.8% over the past year.


Shareholder returns

KRNYIndustryMarket
7 Day0.6%-1.5%1.3%
30 Day-3.7%-3.4%5.1%
90 Day11.7%10.7%8.9%
1 Year58.9%53.4%78.6%72.8%56.6%53.8%
3 Year-0.3%-8.2%33.6%23.6%64.4%53.6%
5 Year8.0%-2.7%77.2%54.2%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is Kearny Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kearny Financial undervalued compared to its fair value and its price relative to the market?

20.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KRNY ($12.38) is trading above our estimate of fair value ($3.66)

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 (20.1x) compared to the US Mortgage industry average (13.7x).

PE vs Market: KRNY is good value based on its PE Ratio (20.1x) compared to the US market (22.4x).


Price to Earnings Growth Ratio

PEG Ratio: KRNY is poor value based on its PEG Ratio (4.6x)


Price to Book Ratio

PB vs Industry: KRNY is good value based on its PB Ratio (0.9x) compared to the US Mortgage industry average (1x).


Future Growth

How is Kearny Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRNY's forecast earnings growth (4.4% per year) is above the savings rate (2%).

Earnings vs Market: KRNY's earnings (4.4% per year) are forecast to grow slower than the US market (17.9% per year).

High Growth Earnings: KRNY's earnings are forecast to grow, but not significantly.

Revenue vs Market: KRNY's revenue (7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: KRNY's revenue (7% per year) is forecast to grow slower than 20% 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?

30.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRNY has high quality earnings.

Growing Profit Margin: KRNY's current net profit margins (28.4%) are higher than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: KRNY's earnings have grown significantly by 30.4% per year over the past 5 years.

Accelerating Growth: KRNY's earnings growth over the past year (21.4%) is below its 5-year average (30.4% per year).

Earnings vs Industry: KRNY earnings growth over the past year (21.4%) exceeded the Mortgage industry 7.2%.


Return on Equity

High ROE: KRNY's Return on Equity (4.7%) 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 (6.7x) is low.

Allowance for Bad Loans: KRNY has a low allowance for bad loans (89%).

Low Risk Liabilities: 85% 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 (65%).

Low Risk Deposits: KRNY's Loans to Deposits ratio (90%) 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?

2.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KRNY's dividend (2.58%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: KRNY's dividend (2.58%) is low compared to the top 25% of dividend payers in the US market (3.46%).


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 reasonable payout ratio (52%), KRNY's dividend payments are 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?

3.9yrs

Average management tenure


CEO

Craig Montanaro (54 yo)

10yrs

Tenure

US$1,136,426

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, 2010 and April 2011 respectively. Mr. Monta...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD1.14M) is below average for companies of similar size in the US market ($USD2.31M).

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 considered experienced (3.9 years average tenure).


Board Members

Experienced Board: KRNY's board of directors are seasoned and experienced ( 17.5 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 company bio, 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
  • Market Cap: US$1.012b
  • Shares outstanding: 81.34m
  • Website: https://www.kearnybank.com

Number of Employees


Location

  • Kearny Financial Corp.
  • 120 Passaic Avenue
  • Fairfield
  • New Jersey
  • 7004
  • United States

Listings


Biography

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 inter...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 23:19
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.