The stock of Kearny Financial (NASDAQ:KRNY) reached all time high today, Nov, 10 and still has $19.05 target or 32.00% above today’s $14.43 share price. This indicates more upside for the $1.27B company. This technical setup was reported by Barchart.com. If the $19.05 PT is reached, the company will be worth $406.40 million 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. About 158,350 shares traded hands. Kearny Financial (NASDAQ:KRNY) has risen 14.89% since April 8, 2016 and is uptrending. It has outperformed by 9.24% the S&P500.
Kearny Financial (NASDAQ:KRNY) Ratings Coverage
Out of 4 analysts covering Kearny Financial (NASDAQ:KRNY), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Kearny Financial has been the topic of 6 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Zacks given on Friday, September 4. The company was maintained on Thursday, September 3 by Wood. Compass Point maintained the shares of KRNY in a report on Tuesday, November 24 with “Buy” rating. The stock of Kearny Financial (NASDAQ:KRNY) earned “Market Perform” rating by Keefe Bruyette & Woods on Wednesday, September 7.
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 notable recent Kearny Financial (NASDAQ:KRNY) news were published by: Seekingalpha.com which released: “Barron’s Has It Wrong: Avoid Kearny Financial” on December 22, 2015, also Barrons.com with their article: “Kearny Financial Corp.” published on August 20, 2015, Streetinsider.com published: “Kearny Financial (KRNY) Completes Conversion to Stock Holding Company” on May 19, 2015. More interesting news about Kearny Financial (NASDAQ:KRNY) were released by: Thestreet.com and their article: “Kearny Financial Corp Stock Upgraded (KRNY)” published on June 10, 2014 as well as Prnewswire.com‘s news article titled: “Savings & Loans Stocks Technical Reports — Kearny Financial, Astoria …” with publication date: October 20, 2016.
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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