Kearny Financial (KRNY)
Community bank funding multi-family and commercial-property loans across northern and central New Jersey.
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Operates a single community-banking business, funding multi-family and commercial real estate loans with deposits gathered across northern and central New Jersey plus Brooklyn and Staten Island. The franchise traces to a mutual savings association founded in 1884 that reached full public ownership in two steps after its 2005 first-step offering.
Operates as a single community-banking business, gathering deposits and originating loans exclusively through its New Jersey-chartered savings-bank subsidiary rather than through separate reporting divisions.
Lending centers on multi-family and commercial real estate mortgages, supplemented by commercial and residential loans, funded largely by retail deposits gathered across roughly 40 branches spanning northern and central New Jersey and the New York boroughs of Brooklyn and Staten Island.
The franchise traces to a mutual savings association founded in 1884 that converted to full public ownership in two steps, the second a decade after its 2005 first-step offering, and has since grown mainly by acquiring other in-market community banks.
A recent balance-sheet repositioning to manage higher interest rates included a non-cash goodwill write-down before profitability recovered, and commercial-property concentration remains the dominant feature of the loan book.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 26, 2026 | Raymond James | Initiate | Rating: —Target: — | Target: $11 |
| Jun 25, 2026 | Piper Sandler | Reiterate | Rating: —Target: $9.50 | Target: $10.50 |
| Apr 27, 2026 | Piper Sandler | Target | Target: $9 | Target: $9.50 |
| Dec 10, 2025 | Piper Sandler | Reiterate | Rating: —Target: — | Target: $9 |
| Jan 6, 2025 | Piper Sandler | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.08B · Total debt $1.15B · Total assets $7.68B · Shareholders' equity $766.7M
- Revenue
- $87.3M
- Operating income
- $11.0M
- Net income
- $7.2M
HistoryDividendAnnual yield
| Institutions | 72.24% | 46.77M shares | |
|---|---|---|---|
| 172 holders · as of Jun 30, 2026 | |||
| Insiders | 2.18% | 1.41M shares | |
| 13 holders · as of Sep 18, 2026 | |||
| Strategic holders | 6.14% | 3.98M shares | |
| 1 holder · as of Apr 15, 2025 | |||
| Other | 19.44% | 12.58M shares | |
| remainder | |||
64.74M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.79% | 8.93M | as of Jun 30, 2026 |
Employee Stock Ownership Plan TrustInstitution | 7.54% | 4.88M | filed Feb 14, 2022 |
Kearny Bank Employee Stock Ownership Plan TrustInstitution | 7.22% | 4.67M | filed Feb 13, 2026 |
BlackRock Portfolio Management LLCStrategic | 6.14% | 3.98M | filed Apr 15, 2025 |
Dimensional Fund Advisors LPInstitution | 4.62% | 2.99M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Melvina Wong-Zaza | director | +1,560 | $9.64 |
| Aug 10, 2026 | Leopold W. Montanaro | director | +4,773 | $9.46 |
| Jul 27, 2026 | Curtland E. Fields | director | +14,700 | $9.41 |
| Jun 17, 2026 | Curtland E. Fields | director | +4,950 | $8.34 |
| Jun 18, 2026 | Curtland E. Fields | director | +3,600 | $8.41 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kearny Financial | $9.55 | 0.00% | $602.9M | 16.8 | 12.1 | 1.7 | +11.9% |
| Provident Financial Services | $22.65 | 0.00% | $2.99B | 9.6 | 9.1 | 2.2 | +9.7% |
| Columbia Financial | $11.38 | −0.04% | $2.59B | 44.6 | 30.7 | 5.1 | +15.5% |
| OceanFirst | $17.37 | 0.00% | $1.06B | 20.7 | 8.6 | 1.5 | +36.3% |
| Valley National Bancorp | $13.13 | +0.08% | $7.43B | 11.2 | 9.3 | 2.5 | +13.3% |
| Peapack-Gladstone Financial | $44.68 | −0.11% | $800.4M | 15.7 | 10.8 | 1.7 | +25.4% |
| BCB Bancorp | $8.67 | −0.23% | $151.1M | — | — | 1.0 | −9.2% |
| Median | 15.7 | 9.3 | 1.9 | +14.4% |