Kearny Financial
Market Cap
US$1.1b
Last Updated
2019/10/19 23:57 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.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
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
Market Performance
7 Day Return
1.7%
KRNY
1.6%
US Mortgage
0.4%
US Market
1 Year Return
2.1%
KRNY
15.2%
US Mortgage
6.9%
US Market
Return vs Industry: KRNY underperformed the US Mortgage industry which returned 15.2% over the past year.
Return vs Market: KRNY underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| KRNY | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 1.6% | 0.4% |
| 30 Day | 2.3% | 1.0% | -1.2% |
| 90 Day | -1.0% | 4.0% | -0.4% |
| 1 Year | 3.8%2.1% | 17.7%15.2% | 9.3%6.9% |
| 3 Year | 1.6%-3.7% | 41.2%31.8% | 45.8%36.4% |
| 5 Year | 49.4%40.3% | 71.5%53.4% | 62.9%45.1% |
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
5 days ago | Simply Wall St
Can We See Significant Institutional Ownership On The Kearny Financial Corp. (NASDAQ:KRNY) Share Register?3 weeks ago | Simply Wall St
How Does Kearny Financial Corp. (NASDAQ:KRNY) Fare As A Dividend Stock?Valuation
Is Kearny Financial undervalued compared to its fair value and its price relative to the market?
29.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: Insufficient data to calculate KRNY's fair value to establish if it is undervalued.
Significantly Undervalued: Insufficient data to calculate KRNY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KRNY is poor value based on its PE Ratio (29x) compared to the Mortgage industry average (14.4x).
PE vs Market: KRNY is poor value based on its PE Ratio (29x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low 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 is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).
Next Steps
Future Growth
How is Kearny Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-9.0%
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 (-9% per year).
Earnings vs Market: KRNY's earnings are forecast to decline over the next 3 years (-9% per year).
High Growth Earnings: KRNY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KRNY's revenue (0.9% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: KRNY's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: KRNY's Return on Equity is forecast to be low in 3 years time (3.5%).
Next Steps
Past Performance
How has Kearny Financial performed over the past 5 years?
32.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: KRNY's earnings have grown significantly by 32.3% per year over the past 5 years.
Accelerating Growth: KRNY's earnings growth over the past year (115.1%) exceeds its 5-year average (32.3% per year).
Earnings vs Industry: KRNY earnings growth over the past year (115.1%) exceeded the Mortgage industry 31.5%.
Return on Equity
High ROE: KRNY's Return on Equity (3.7%) is considered low.
Return on Assets
ROA vs Industry: KRNY's Return on Assets is below or equal to the Mortgage industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate KRNY's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
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
Inventory Level: KRNY has a low level of unsold assets or inventory.
Debt Coverage by Assets: KRNY's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: KRNY's level of assets compared to its equity is low.
Allowance for Bad Loans: KRNY has a sufficient allowance for bad loans.
Low Risk Liabilities: KRNY's liabilities are made up of primarily low risk sources of funding.
Loan Level: KRNY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: KRNY's loans are broadly funded by customer deposits.
Level of Bad Loans: KRNY has an appropriate level of bad loans (0.43%)
Next Steps
Dividend
What is Kearny Financial's current dividend yield, its reliability and sustainability?
2.98%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: KRNY's dividend (2.98%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: KRNY's dividend (2.98%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (45.4%), KRNY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KRNY's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).
Next Steps
Management
What is the CEO of Kearny Financial's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Craig Montanaro (53yo)
8.5yrs
Tenure
US$946,530
Compensation
Mr. Craig L. Montanaro has been the President and Chief Executive Officer of Kearny Financial Corp. and its subsidiary Kearny Federal Savings Bank since April 1, 2010 and April 2011 respectively. Mr. Monta ...
CEO Compensation Analysis
Compensation vs. Market: Craig's total compensation ($USD946.53K) is about average for companies of similar size in the US market ($USD2.69M).
Compensation vs Earnings: Craig's compensation has increased by more than 20% in the past year.
Management Age and Tenure
1.3yrs
Average Tenure
54yo
Average Age
Experienced Management: KRNY's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
18.3yrs
Average Tenure
73yo
Average Age
Experienced Board: KRNY's board of directors are seasoned and experienced ( 18.3 years average tenure).
Insider Trading
Insider Buying: KRNY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$12.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,500 |
| Max Price | US$12.38 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$13.28 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | US$13.46 |
| Entity | Individual |
| Role | Chief Operating Officer Senior EVP & COO |
| Shares | 5,000 |
| Max Price | US$13.52 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$13.18 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Credit Officer |
| Shares | 4,789 |
| Max Price | US$13.23 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 4,000 |
| Max Price | US$13.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 7,500 |
| Max Price | US$13.08 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,500 |
| Max Price | US$12.56 |
Ownership Breakdown
Management Team
Craig Montanaro (53yo)
President
- Tenure: 8.5yrs
- Compensation: US$946.53k
Eric Heyer (57yo)
Senior EVP & COO
- Tenure: 1.3yrs
- Compensation: US$547.43k
Erika Parisi (54yo)
Executive VP & Chief Administrative Officer
- Tenure: 0.3yrs
- Compensation: US$416.97k
Anthony Bilotta (59yo)
Executive VP & Chief Banking Officer of Kearny Bank
- Tenure: 1.3yrs
- Compensation: US$1.86m
Kimberly Manfredo
1st VP and Director of HR
- Tenure: 0yrs
Thomas McGurk
Chief Investment Officer
- Tenure: 4.8yrs
Keith Suchodolski (39yo)
Executive VP & CFO
- Tenure: 1.3yrs
- Compensation: US$1.43m
Thomas DeMedici (58yo)
Executive VP & Chief Credit Officer
- Tenure: 0yrs
- Compensation: US$1.23m
Timothy Swansson (42yo)
Executive VP and Chief Technology & Innovation Officer
- Tenure: 0.8yrs
Taryn Rockwell
Investor Relations Associate
- Tenure: 0yrs
Board Members
Leopold Montanaro (79yo)
Director
- Tenure: 16.3yrs
- Compensation: US$126.75k
Craig Montanaro (53yo)
President
- Tenure: 8.5yrs
- Compensation: US$946.53k
Matthew McClane (82yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$133.72k
John Regan (74yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$126.67k
John McGovern (58yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$199.54k
Joseph Mazza (75yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$138.49k
John Mazur (65yo)
Chairman of the Board
- Tenure: 15.8yrs
- Compensation: US$161.69k
John Hopkins (72yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$143.33k
Ted Aanensen (74yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$140.76k
Raymond Chandonnet (53yo)
Director
- Tenure: 3.8yrs
- Compensation: US$117.28k
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$1.134b
- Shares outstanding: 84.44m
- Website: https://www.kearnybank.com
Number of Employees
Location
- Kearny Financial Corp.
- 120 Passaic Avenue
- Fairfield
- New Jersey
- 7004
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KRNY | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2005 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:57 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.