Fintel reports that on January 6, 2025, Piper Sandler upgraded their outlook for Kearny Financial (NasdaqGS:KRNY) from Neutral to Overweight.
Analyst Price Forecast Suggests 23.21% Upside
As of December 23, 2024, the average one-year price target for Kearny Financial is $8.80/share. The forecasts range from a low of $8.33 to a high of $9.45. The average price target represents an increase of 23.21% from its latest reported closing price of $7.14 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Kearny Financial is 155MM, an increase of 20.44%. The projected annual non-GAAP EPS is 0.88.
What is the Fund Sentiment?
There are 359 funds or institutions reporting positions in Kearny Financial. This is an increase of 24 owner(s) or 7.16% in the last quarter. Average portfolio weight of all funds dedicated to KRNY is 0.02%, an increase of 31.31%. Total shares owned by institutions decreased in the last three months by 3.69% to 46,629K shares. 
The put/call ratio of KRNY is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 3,867K shares representing 6.19% ownership of the company. In its prior filing, the firm reported owning 4,627K shares , representing a decrease of 19.64%. The firm decreased its portfolio allocation in KRNY by 10.79% over the last quarter.
Renaissance Technologies holds 3,236K shares representing 5.18% ownership of the company. In its prior filing, the firm reported owning 3,133K shares , representing an increase of 3.16%. The firm increased its portfolio allocation in KRNY by 2.27% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,729K shares representing 2.77% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 1,677K shares representing 2.68% ownership of the company. In its prior filing, the firm reported owning 1,350K shares , representing an increase of 19.51%. The firm increased its portfolio allocation in KRNY by 19.72% over the last quarter.
Geode Capital Management holds 1,353K shares representing 2.17% ownership of the company. In its prior filing, the firm reported owning 1,389K shares , representing a decrease of 2.65%. The firm decreased its portfolio allocation in KRNY by 47.41% over the last quarter.
Kearny Financial Background Information
(This description is provided by the company.)
Kearny Financial Corp. is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 49 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At December 31, 2020, Kearny Financial Corp. had approximately $7.3 billion in total assets.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
