Strong And Under The Radar: Kearny Financial (KRNY)

Trade-Ideas LLC identified Kearny Financial (KRNY) as a strong and under the radar candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Kearny Financial

(

KRNY

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Kearny Financial as such a stock due to the following factors:

  • KRNY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.6 million.
  • KRNY has traded 17.537299999999998334487827378325164318084716796875 options contracts today.
  • KRNY is making at least a new 3-day high.
  • KRNY has a PE ratio of 202.
  • KRNY is mentioned 0.06 times per day on StockTwits.
  • KRNY has not yet been mentioned on StockTwits today.
  • KRNY is currently in the upper 20% of its 1-year range.
  • KRNY is in the upper 35% of its 20-day range.
  • KRNY is in the upper 45% of its 5-day range.
  • KRNY is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on KRNY:

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services. The stock currently has a dividend yield of 0.7%. KRNY has a PE ratio of 202. Currently there is 1 analyst that rates Kearny Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Kearny Financial has been 671,900 shares per day over the past 30 days. Kearny Financial has a market cap of $1.1 billion and is part of the financial sector and banking industry. The stock has a beta of 0.56 and a short float of 3.8% with 9.24 days to cover. Shares are up 22.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Kearny Financial as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 12.8%. Since the same quarter one year prior, revenues rose by 17.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry, implying reduced upside potential.
  • KEARNY FINANCIAL CORP's earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, KEARNY FINANCIAL CORP reported lower earnings of $0.05 versus $0.12 in the prior year. This year, the market expects an improvement in earnings ($0.17 versus $0.05).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Thrifts & Mortgage Finance industry average, but is greater than that of the S&P 500. The net income increased by 1.8% when compared to the same quarter one year prior, going from $2.92 million to $2.98 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, KEARNY FINANCIAL CORP's return on equity significantly trails that of both the industry average and the S&P 500.

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