KRNY Stock Summary and Trading Ideas (Kearny Financial | NASDAQ:KRNY)

Kearny Financial Corp is a federally-chartered stock savings bank. The bank is 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 portfolios and invest in securities. The bank's loan portfolio is chiefly comprised of loans collateralized by commercial and residential real estate. The bank's primary source of income is net interest income.

Kearny Financial trades on the NASDAQ stock market under the symbol KRNY.

As of September 27, 2024, KRNY stock price declined to $6.74 with 246,281 million shares trading.

KRNY has a beta of 0.78, meaning it tends to be less sensitive to market movements. KRNY has a correlation of 0.07 to the broad based SPY ETF.

KRNY has a market cap of $435.27 million. This is considered a Small Cap stock.

Last quarter Kearny Financial reported $33 million in Revenue and $.09 earnings per share. This fell short of revenue expectation by $-234,000 and met earnings estimates .

In the last 3 years, KRNY traded as high as $13.89 and as low as $5.28.

The top ETF exchange traded funds that KRNY belongs to (by Net Assets): VTI, IWM, VXF, KRE, IWN.

KRNY has underperformed the market in the last year with a price return of +5.3% while the SPY ETF gained +35.8%. However, in the short term, KRNY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.3% vs +4.9% return in SPY. But in the last 2 weeks, KRNY shares have been beat by the market, returning +1.2% compared to an SPY return of +2.0%.

KRNY support price is $6.58 and resistance is $6.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KRNY shares will trade within this expected range on the day.