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Kearny Financial Corp. (KRNY) operates as the holding company for Kearny Bank that provides various banking products and services in the United States.
It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
The company also provides various loans comprising one-to-four family mortgage loans; commercial mortgages, including loans secured by multi-family, mixed-use, and nonresidential properties; secured and unsecured business loans; consumer loans, such as home equity loans, home equity lines of credit, account loans, overdraft lines of credit, vehicle loans, personal loans, and loans secured by savings accounts and certificates of deposit; and construction loans to builders/developers and individual homeowners.
In addition, it sells insurance products to its customers and the general public through a third party networking arrangement. As of June 30, 2016, the company operated 42 branches located in northern and central New Jersey, and Brooklyn and Staten Island, New York.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
52-Weeks Trading Range: $11.31 - $15.60
Entry Point: $15.15
Stop Loss: $14.35
Target Price: $16.67
KRNY closed at $15.00
