The stock of Kearny Financial (NASDAQ:KRNY) reached all time high today, Nov, 25 and still has $16.07 target or 5.00% above today’s $15.30 share price. This indicates more upside for the $1.34B company. This technical setup was reported by Barchart.com. If the $16.07 PT is reached, the company will be worth $67.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.99% or $0.15 during the last trading session, hitting $15.3. About 793,291 shares traded hands or 87.48% up from the average. Kearny Financial (NASDAQ:KRNY) has risen 18.45% since April 22, 2016 and is uptrending. It has outperformed by 13.04% the S&P500.
Analysts await Kearny Financial (NASDAQ:KRNY) to report earnings on February, 2.
Kearny Financial (NASDAQ:KRNY) Ratings Coverage
Out of 4 analysts covering Kearny Financial (NASDAQ:KRNY), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Kearny Financial has been the topic of 7 analyst reports since September 3, 2015 according to StockzIntelligence Inc. Wood maintained the shares of KRNY in a report on Thursday, September 3 with “Market Perform” rating. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Wednesday, September 7. Zacks upgraded Kearny Financial (NASDAQ:KRNY) rating on Friday, September 4. Zacks has “Buy” rating and $13 price target. The rating was downgraded by Compass Point to “Neutral” on Friday, November 18. On Tuesday, November 24 the stock rating was maintained by Compass Point with “Buy”.
According to Zacks Investment Research, “Kearny Financial Corp. through its subsidiary, Kearny Federal Savings Bank, offers products including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts and certificates of deposit accounts. The Company also offers one-to-four family mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and home equity lines of credit, construction loans and commercial business loans. Kearny Financial Corp is headquartered in Fairfield, New Jersey.”
More recent Kearny Financial (NASDAQ:KRNY) news were published by: Nasdaq.com which released: “Kearny Financial (KRNY) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Also Seekingalpha.com published the news titled: “Barron’s Has It Wrong: Avoid Kearny Financial” on December 22, 2015. Barrons.com‘s news article titled: “Kearny Financial Corp.” with publication date: August 20, 2015 was also an interesting one.
KRNY Company Profile
Kearny Financial Corp., incorporated on September 2, 2014, is the holding firm for Kearny Bank. The Bank is a federally chartered stock savings bank. The Firm is a unitary savings and loan holding company. The Company’s primary business is the ownership and operation of the Bank. The Bank is principally engaged in the business of attracting deposits from the general public in New Jersey and New York and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. As of June 30, 2016, the Company’s primary market area included the counties in which it operates branches, including Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Ocean, Passaic and Union counties in New Jersey and Kings (Brooklyn) and Richmond (Staten Island) counties in New York.
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