Kearny Financial traded at $9.37 this Friday September 25th, increasing $0.07 or 0.75 percent since the previous trading session. Looking back, over the last four weeks, Kearny Financial gained 4.78 percent. Over the last 12 months, its price rose by 41.75 percent. Looking ahead, we forecast Kearny Financial to be priced at 9.35 by the end of this quarter and at 8.76 in one year, according to Trading Economics global macro models projections and analysts expectations.
Kearny Financial Corp. is a holding company for Kearny Bank (the Bank). The Bank is a New Jersey savings 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 for sale into the secondary market. The Bank's loan portfolio is primarily consisting of multi-family loans, nonresidential real estate loans, commercial business loans, construction loans, family residential mortgage loans, home equity loans and lines of credit and consumer loans. The Bank also maintains a portfolio of investment securities, primarily consisting of United States agency mortgage-backed securities, bank-qualified municipal obligations, corporate bonds, asset-backed securities, collateralized loan obligations, and subordinated debt. The Bank operates approximately 48 branch offices in New Jersey.