Piper Sandler Reiterates Buy Rating on Kearny Financial Corp.
Piper Sandler maintains its buy rating on Kearny Financial with a $10.50 target, a 12.90% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on Kearny Financial Corp. (KRNY) on June 25, 2026, setting a price target of $10.50.
- Piper Sandler's $10.50 price target implies 12.90% upside from Kearny Financial Corp.'s ($KRNY) current $9.30 share price.
- Kearny Financial shares traded at $8.89 on Thursday, with a market cap of approximately $541.2 million and a P/E ratio of 15.09.
- Significant insider buying occurred recently, with notable purchases by Fields Curtland and Melvina Wong-Zaza.
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Piper Sandler reiterated its buy rating on Kearny Financial Corp. (NasdaqGS: KRNY) on June 25, 2026. The firm set a price target of $10.50, underscoring its positive outlook on the bank holding company. On Thursday, Kearny Financial's shares traded near $8.89.
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Kearny Financial Corp. Stock Down 5.3%
Shares of NasdaqGS:KRNY traded near $8.89 on Thursday. Kearny Financial has a market cap of approximately $541.2 million and a P/E ratio of 15.09. The stock has seen a 52-week range between $5.76 and $8.89, with a 50-day moving average of $8.16 and a 200-day moving average of $7.45. The company has a beta of 0.642, indicating lower volatility compared to the market.
$KRNY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Kearny Financial reported revenue of $170.6 million, reflecting a growth of 17.5%. The company achieved a net margin of 21.0% and a return on equity (ROE) of 4.75%. Earnings per share (EPS) stood at $0.57. The next earnings report is expected on July 23, 2026.
Dividend
Kearny Financial offers an annual dividend rate of $0.44, yielding 5.19% at current prices. The dividend payout ratio is 77.19%, indicating the portion of earnings paid out as dividends to shareholders.
Insider Buying and Selling at Kearny Financial Corp.
Recent insider activity at Kearny Financial included multiple purchases by Fields Curtland, who acquired 3,600 shares on June 18, 2026, at an average price of $8.41, and 4,950 shares on June 17, 2026, at $8.34. Curtland also bought 4,950 shares on June 12, 2026, at $8.71. Additionally, Melvina Wong-Zaza purchased 3,500 shares on June 11, 2026, at $8.58. Conversely, Patrick Joyce, EVP and CLO, sold 2,500 shares on June 9, 2026, at $8.46.
Analysts Set New Price Targets
On June 25, 2026, Piper Sandler maintained its buy rating on Kearny Financial with a $10.50 price target. The consensus among analysts is a moderate buy, with a mean target price of $9.00 based on two analyst opinions.
About Kearny Financial Corp.
Kearny Financial Corp. operates as the holding company for Kearny Bank, offering a range of banking products and services in the U.S. The company provides both interest-bearing and non-interest-bearing checking accounts, savings accounts, and certificates of deposit. It also offers loans for residential and commercial real estate, as well as personal loans. Founded in 1884, Kearny Financial is headquartered in Fairfield, New Jersey, and is led by CEO Mr. Craig L. Montanaro.
Bottom Line
Piper Sandler's reiteration of a buy rating with a $10.50 target price suggests confidence in Kearny Financial's growth prospects. Investors often track such analyst updates for insights into a company's potential. It's important to note that these ratings reflect past analyses and may not represent current conditions.
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