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1. Company Snapshot

1.a. Company Description

Kearny Financial Corp.operates as the holding company for Kearny Bank that provides various banking products and services in the United States.The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.


It 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 first mortgage loans, and home equity loans and lines of credit; loans to individuals for the construction or renovation of one- to four-family residences, or for the construction of commercial real estate or multi-family residential buildings; overdraft lines of credit; and personal loans.In addition, the company engages in investment activities.As of August 18, 2021, it operated a total of 48 branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York.


The company was founded in 1884 and is headquartered in Fairfield, New Jersey.

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1.b. Last Insights on KRNY

Kearny Financial Corp.'s recent performance has been positively influenced by increased institutional investment, with Campbell & CO Investment Adviser LLC raising its holdings by 106.7% in Q2. Additionally, the company's valuation and profitability have drawn comparisons to Heritage Financial, with analysts scrutinizing both small-cap finance companies. A recent earnings release showed promise, although specifics are not disclosed. Furthermore, a share buyback program could be on the horizon, as some investors view it as a strategic move to enhance shareholder value, although no official announcement has been made.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Critical Review: Kearny Financial (NASDAQ:KRNY) vs. Heritage Financial (NASDAQ:HFWA)

Dec -28

Source: defenseworld.net

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Campbell & CO Investment Adviser LLC Purchases 30,937 Shares of Kearny Financial $KRNY

Nov -17

Source: defenseworld.net

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Kearny Financial Corp. Announces First Quarter Fiscal 2026 Results and Declaration of Cash Dividend

Oct -23

Source: globenewswire.com

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Kearny Financial Corp. (KRNY) Shareholder/Analyst Call Prepared Remarks Transcript

Oct -21

Source: seekingalpha.com

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Kearny Financial Corp. Partners with The Lab Consulting to Accelerate Operational Efficiency and Drive Shareholder Value

Sep -30

Source: globenewswire.com

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Kearny Financial Corp. Announces Third Quarter Fiscal 2025 Results and Declaration of Cash Dividend

Apr -24

Source: globenewswire.com

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Kearny Financial Corp. Announces Second Quarter Fiscal 2025 Results and Declaration of Cash Dividend

Jan -30

Source: globenewswire.com

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KBW Announces Index Rebalancing for Fourth-Quarter 2024

Dec -14

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.15%)

6. Segments

Delivery of Loan and Deposit Products

Expected Growth: 6.15%

Kearny Financial Corp's 6.15% growth in delivery of loan and deposit products is driven by strategic expansion into new markets, enhanced digital banking capabilities, and a strong brand reputation. Additionally, favorable interest rates, effective risk management, and a robust sales force have contributed to the growth. Furthermore, the corporation's focus on customer relationships and community development has led to increased customer loyalty and retention.

7. Detailed Products

Commercial Banking

Provides cash management, lending, and treasury management solutions to businesses and corporations.

Consumer Banking

Offers personal banking services, including checking and savings accounts, credit cards, and personal loans.

Wealth Management

Provides investment and wealth management services, including financial planning, investment management, and retirement planning.

Mortgage Banking

Offers mortgage lending services, including residential and commercial mortgage loans.

Treasury Services

Provides cash management and treasury services, including account management, payment processing, and risk management.

8. Kearny Financial Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Kearny Financial Corp. is moderate due to the presence of alternative financial institutions and online banking services.

Bargaining Power Of Customers

The bargaining power of customers is low for Kearny Financial Corp. as customers have limited negotiating power and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for Kearny Financial Corp. as the company relies on a few large suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high for Kearny Financial Corp. due to the low barriers to entry in the financial services industry and the increasing trend of fintech startups.

Intensity Of Rivalry

The intensity of rivalry is high for Kearny Financial Corp. due to the presence of several established players in the financial services industry, leading to intense competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 75.70%
Debt Cost 7.64%
Equity Weight 24.30%
Equity Cost 7.64%
WACC 7.64%
Leverage 311.49%

11. Quality Control: Kearny Financial Corp. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Landmark Bancorp

A-Score: 6.6/10

Value: 6.9

Growth: 5.0

Quality: 6.6

Yield: 6.0

Momentum: 7.5

Volatility: 7.7

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LCNB

A-Score: 6.5/10

Value: 7.5

Growth: 6.1

Quality: 5.9

Yield: 9.0

Momentum: 3.5

Volatility: 7.0

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Penns Woods Bancorp

A-Score: 6.0/10

Value: 5.9

Growth: 4.8

Quality: 5.2

Yield: 6.0

Momentum: 4.5

Volatility: 9.3

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Northfield Bancorp

A-Score: 5.7/10

Value: 7.1

Growth: 4.7

Quality: 5.2

Yield: 8.0

Momentum: 2.5

Volatility: 6.7

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Kearny Financial

A-Score: 5.4/10

Value: 4.7

Growth: 5.8

Quality: 4.0

Yield: 9.0

Momentum: 2.5

Volatility: 6.7

1-Year Total Return ->

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Citizens Holding

A-Score: 4.4/10

Value: 6.1

Growth: 3.7

Quality: 4.4

Yield: 4.0

Momentum: 1.5

Volatility: 7.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

7.77$

Current Price

7.77$

Potential

-0.00%

Expected Cash-Flows