
Kearny Financial (KRNY) Stock Forecast & Price Target
Kearny Financial (KRNY) Analyst Ratings
Bulls say
Kearny Financial Corp is expected to experience a steady increase in core profitability driven by an improved net interest margin (NIM) and controlled operating costs, with a projected earnings per share (EPS) of $0.61 for 2025, reflecting a strong dividend payout ratio. Management indicates a commitment to maintaining the current dividend levels, further underpinning investor confidence in its income-generating potential. The bank's liability-sensitive balance sheet positions it to benefit from eventual rate cuts, enhancing profitability while capitalizing on its strategic market presence in Northern and Central New Jersey.
Bears say
Kearny Financial Corp's net interest income (NII) has experienced a decline of 3% quarter-over-quarter, attributable to its liability-sensitive balance sheet and rising funding costs, which are expected to exert further margin pressure into fiscal year 2024. The bank's reported net interest margin (NIM) decreased by 5 basis points to 1.84%, with core NIM falling 6 basis points to 1.79%, reflecting a deteriorating profitability outlook amidst a challenging banking environment. Additionally, Kearny's stock has underperformed significantly, declining 24% since the end of 2023, in contrast to the broader banking index, leading to diminished investor sentiment and a negative impact on valuations.
This aggregate rating is based on analysts' research of Kearny Financial and is not a guaranteed prediction by Public.com or investment advice.
Kearny Financial (KRNY) Analyst Forecast & Price Prediction
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