Stock Mover of The Day: How Analysts Feel About Kearny Financial After Achieving 52-Week High?

Stock Mover of The Day: How Analysts Feel About Kearny Financial After Achieving 52 Week High?

The stock of Kearny Financial (NASDAQ:KRNY) hit a new 52-week high and has $15.96 target or 5.00% above today’s $15.20 share price. The 5 months bullish chart indicates low risk for the $1.34B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $15.96 price target is reached, the company will be worth $67.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 124,038 shares traded hands. Kearny Financial (NASDAQ:KRNY) has risen 17.99% since April 20, 2016 and is uptrending. It has outperformed by 13.43% the S&P500.

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. The stock of Kearny Financial (NASDAQ:KRNY) earned “Buy” rating by Compass Point on Tuesday, November 24. Compass Point downgraded the shares of KRNY in a report on Friday, November 18 to “Neutral” rating. The firm has “Buy” rating by Zacks given on Friday, September 4. The company was maintained on Wednesday, September 7 by Keefe Bruyette & Woods. The firm has “Market Perform” rating given on Thursday, September 3 by Wood.

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: Barrons.com which released: “Kearny Financial Corp.” on August 20, 2015, also Seekingalpha.com with their article: “Barron’s Has It Wrong: Avoid Kearny Financial” published on December 22, 2015, Streetinsider.com published: “Kearny Financial (KRNY) Completes Conversion to Stock Holding Company” on May 18, 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 Streetinsider.com‘s news article titled: “Kearny Financial (KRNY) Declares $0.02 Quarterly Dividend; 0.5% Yield” with publication date: November 17, 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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