Kearny Financial Corp (KRNY) Stock AnalysisKRNYKearny Financial Corp

Kearny Financial Corp. is a holding company for Kearny Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is principally engaged in the business of attracting deposits from the general public and using these deposits, together with other funds, to originate or purchase loans for its portfolio and for sale on the secondary market. Its loan portfolio is comprised of multi-family mortgage loans, non-residential mortgage loans, commercial business loans, construction loans, one-to-four-family residential mortgage loans, home equity loans and other consumer loans. The Company also maintains a portfolio of investment securities, primarily comprised of the United States agency mortgage-backed securities, obligations of state and political subdivisions, corporate bonds, asset-backed securities, and collateralized loan obligations. The Bank has a total of 43 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. It operates in the Financials sector (SAVINGS INSTITUTION, FEDERALLY CHARTERED industry).

Kearny Financial Corp is currently trading at $8.97, which is below the average analyst price target of $10.25. However, the stock has a low RSI of 32.725, indicating it may be oversold, but recent performance shows a 1-year change of +33.68%, suggesting strong long-term growth. The main risk is the recent earnings miss, where the reported EPS of $0.11 was $0.06 below expectations, which could dampen investor confidence in the short term.

3 analysts cover KRNY: 2 rate it Buy, 0 Hold and 1 Sell.