While Kearny Financial Corp. has overperformed by 1.63%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KRNY fell by -37.29%, with highs and lows ranging from $10.15 to $5.94, whereas the simple moving average fell by -17.17% in the last 200 days.
On December 08, 2022, Compass Point Upgraded Kearny Financial Corp. (NASDAQ: KRNY) to Buy. A report published by Compass Point on October 28, 2022, Downgraded its rating to ‘Neutral’ for KRNY. Piper Sandler also Downgraded KRNY shares as ‘Neutral’, setting a target price of $14 on the company’s shares in a report dated January 06, 2022. Piper Sandler January 31, 2020d its ‘Overweight’ rating to ‘Neutral’ for KRNY, as published in its report on January 31, 2020. Keefe Bruyette’s report from April 04, 2019 suggests a price prediction of $12.50 for KRNY shares, giving the stock a ‘Mkt Perform’ rating. Keefe Bruyette also rated the stock as ‘Underperform’.
Analysis of Kearny Financial Corp. (KRNY)
With KRNY’s current dividend of $0.44 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 4.14%, showing a positive trend in the upcoming months.
Kearny Financial Corp.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 2.13% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and KRNY has an average volume of 421.40K. On a monthly basis, the volatility of the stock is set at 4.41%, whereas on a weekly basis, it is put at 4.14%, with a loss of -0.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.25, showing growth from the present price of $6.24, which can serve as yet another indication of whether KRNY is worth investing in or should be passed over.
How Do You Analyze Kearny Financial Corp. Shares?
Banks – Regional giant Kearny Financial Corp. (KRNY) is based in the USA and is one of the largest companies in the market. When comparing Kearny Financial Corp. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 22.13, there is a growth in quarterly earnings of -840.00%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.08%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.01% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KRNY shares are owned by institutional investors to the tune of 64.01% at present.
