Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
24 February 2005Website:
http://www.kearnybank.comNext earnings report:
24 January 2025Last dividends:
06 November 2024Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 21:02:42 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
KRNY Latest News
Kearny Financial Corp. has shown recent improvements in net income and offers a reliable dividend, but its long-term stock performance has been disappointing. The bank's cautious approach to real estate exposure and solid balance sheet stability contribute to its risk management and asset quality. Despite a 17.2% growth in adjusted operating earnings, KRNY's stock price decline suggests investor skepticism about the bank's long-term gains.
FAIRFIELD, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank (the “Bank”), announced today that the Board of Directors promoted Keith Suchodolski to Senior Executive Vice President and Chief Operating Officer, effective July 1, 2024. Mr. Suchodolski has held progressive leadership roles within the Company since 2013, most recently serving as Chief Financial Officer since July 2018. In his new role, Mr. Suchodolski's range of responsibilities will broaden to include strategic oversight of retail & business banking, human resources, marketing, corporate finance and corporate administration.
I have been a customer of Kearny Financial since 1999 and have been writing about investing in the company for three years. Seeking Alpha rates the stock as a sell, but I disagree and rate it as a weak buy. Wall Street ratings for the stock have been varied, ranging from strong sell to hold and long.
What type of business is Kearny Financial?
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. The company 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 residential mortgage loans, and home equity loans and lines of credit; loans to individuals, builders, or developers for the construction of multi-family residential buildings or commercial real estate, or for the construction or renovation of one- to four-family residences; overdraft lines of credit; and personal loans. In addition, it engages in the investment activities. Kearny Financial Corp. was founded in 1884 and is headquartered in Fairfield, New Jersey.
What sector is Kearny Financial in?
Kearny Financial is in the Financial Services sector
What industry is Kearny Financial in?
Kearny Financial is in the Banks - Regional industry
What country is Kearny Financial from?
Kearny Financial is headquartered in United States
When did Kearny Financial go public?
Kearny Financial initial public offering (IPO) was on 24 February 2005
What is Kearny Financial website?
https://www.kearnybank.com
Is Kearny Financial in the S&P 500?
No, Kearny Financial is not included in the S&P 500 index
Is Kearny Financial in the NASDAQ 100?
No, Kearny Financial is not included in the NASDAQ 100 index
Is Kearny Financial in the Dow Jones?
No, Kearny Financial is not included in the Dow Jones index
When was Kearny Financial the previous earnings report?
No data
When does Kearny Financial earnings report?
The next expected earnings date for Kearny Financial is 24 January 2025