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KRNY

Kearny FinancialNasdaqGS:KRNY Stock Report

Last Price

US$13.06

Market Cap

US$944.8m

7D

-5.6%

1Y

21.3%

Updated

21 Jan, 2022

Data

Company Financials +
KRNY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

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

TFS Financial

NasdaqGS:TFSL

US$4.9b

WSFS Financial

NasdaqGS:WSFS

US$3.4b

Columbia Financial

NasdaqGS:CLBK

US$2.2b

Provident Financial Services

NYSE:PFS

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Kearny Financial
Historical stock prices
Current Share PriceUS$13.06
52 Week HighUS$13.89
52 Week LowUS$9.96
Beta0.82
1 Month Change0.93%
3 Month Change-0.99%
1 Year Change21.26%
3 Year Change-0.76%
5 Year Change-11.46%
Change since IPO58.28%

Recent News & Updates

Dec 21

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.

Oct 22
Kearny Financial Corp.'s (NASDAQ:KRNY) CEO Compensation Looks Acceptable To Us And Here's Why

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...

Oct 03

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

KRNYUS MortgageUS Market
7D-5.6%-5.8%-6.1%
1Y21.3%-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

Is KRNY's price volatile compared to industry and market?
KRNY volatility
KRNY Average Weekly Movement3.2%
Mortgage Industry Average Movement3.7%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1884584Craig Montanarohttps://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

How do Kearny Financial's earnings and revenue compare to its market cap?
KRNY fundamental statistics
Market CapUS$944.77m
Earnings (TTM)US$71.57m
Revenue (TTM)US$220.54m

13.2x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRNY income statement (TTM)
RevenueUS$220.54m
Cost of RevenueUS$0
Gross ProfitUS$220.54m
ExpensesUS$148.97m
EarningsUS$71.57m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 27, 2022

Earnings per share (EPS)0.99
Gross Margin100.00%
Net Profit Margin32.45%
Debt/Equity Ratio71.1%

How did KRNY perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

41%

Payout Ratio

Valuation

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

  • Explore strong dividend paying companies in the Banks industry.

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:47
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/06/30


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.