Kearny Financial (KRNY) Showing Signs Of Being Strong And Under The Radar - TheStreet

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 $4.8 million.
  • KRNY has traded 16.074600000000000221689333557151257991790771484375 options contracts today.
  • KRNY is making at least a new 3-day high.
  • KRNY has a PE ratio of 204.
  • 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 204. 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 577,700 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 3.4% with 7.96 days to cover. Shares are up 23.1% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Kearny Financial as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 15.4%. 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. We feel, however, that the other strengths this company displays justify these higher price levels.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Thrifts & Mortgage Finance industry average. 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.
  • 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 gross profit margin for KEARNY FINANCIAL CORP is rather high; currently it is at 69.60%. Regardless of KRNY's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, KRNY's net profit margin of 9.32% is significantly lower than the industry average.

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