Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Kearny Financial Corp. before investing.

In this article, we go over a few key elements for understanding Kearny Financial Corp.’s stock price such as:

• Kearny Financial Corp.’s current stock price and volume
• Why Kearny Financial Corp.’s stock price changed recently
• Upgrades and downgrades for KRNY from analysts
• KRNY’s stock price momentum as measured by its relative strength

About Kearny Financial Corp. (KRNY)

Before we jump into Kearny Financial Corp.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Kearny Financial Corp. is a holding company for Kearny Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is principally engaged in the business of attracting deposits from the general public and using these deposits, together with other funds, to originate or purchase loans for its portfolio and for sale on the secondary market. Its loan portfolio is comprised of multi-family mortgage loans, non-residential mortgage loans, commercial business loans, construction loans, one-to-four-family residential mortgage loans, home equity loans and other consumer loans. The Company also maintains a portfolio of investment securities, primarily comprised of United States agency mortgage-backed securities, obligations of state and political subdivisions, corporate bonds, asset-backed securities, and collateralized loan obligations. The Bank operates approximately 45 branch offices in New Jersey.

Want to learn more about Kearny Financial Corp.’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Kearny Financial Corp..

Kearny Financial Corp.’s Stock Price as of Market Close

As of April 10, 2024, 4:00 PM, CST, Kearny Financial Corp.’s stock price was $5.62.

Kearny Financial Corp. is down 7.72% from its previous closing price of $6.09.

During the last market session, Kearny Financial Corp.’s stock traded between $6.08 and $6.19. Currently, there are 62.30 million shares of Kearny Financial Corp. stock available for purchase.

Kearny Financial Corp.’s price-earnings (P/E) ratio is currently at 21.6, which is high compared to the Banks industry median of 9.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Kearny Financial Corp. Stock Price History

Kearny Financial Corp.’s (KRNY) price is currently down 12.73% so far this month.

During the month of April, Kearny Financial Corp.’s stock price has reached a high of $6.59 and a low of $5.44.

Over the last year, Kearny Financial Corp. has hit prices as high as $9.46 and as low as $5.79. Year to date, Kearny Financial Corp.’s stock is down 44.63%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Kearny Financial Corp. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 09, 2024, there were 0 analysts who downgraded Kearny Financial Corp.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Kearny Financial Corp.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Kearny Financial Corp.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Kearny Financial Corp.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Kearny Financial Corp. (KRNY) by visiting AAII Stock Evaluator.

Relative Price Strength of Kearny Financial Corp.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 09, 2024, Kearny Financial Corp. has a weighted four-quarter relative price strength of -15.36%, which translates to a Momentum Score of 21 and is considered to be Weak.

Want to learn more about how Kearny Financial Corp. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Kearny Financial Corp. Stock Price: Bottom Line

As of April 10, 2024, Kearny Financial Corp.’s stock price is $5.62, which is down 7.72% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Kearny Financial Corp. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.