Added to YB: 2025-09-01
Pitch date: 2025-08-29
KRNY [bullish]
Kearny Financial Corp.
+30.3%
current return
Author Info
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Company Info
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States.
Market Cap
N/A
Pitch Price
$6.37
Price Target
N/A
Dividend
5.35%
EV/EBITDA
N/A
P/E
14.43
EV/Sales
N/A
Sector
Banks
Category
turnaround
Kearny Financial (KRNY)
KRNY: NJ/Brooklyn community bank squeezed 2022-24 as deposit costs soared 0.5%→3.96% while fixed-rate mortgage book (80% of $5.4B loans) lagged. NIM compressed 2.96%→1.82%. Now reversing: deposit costs declining, NIM rebounding. Each 100bp Fed cut boosts NII significantly. Trading 0.67x TBV ($9.77), 8.4x fwd P/E, 6.8% yield. 50bp NIM expansion→EPS $0.78-$0.82 in 2026 (~75% growth from $0.45 current run-rate). Short floating/long fixed positioning ideal for rate cuts.
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