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Kearny Financial Corp.  (KRNY)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $14.0700 $-0.09 -0.636%
Day's High: $14.21 Week Perf: -1.19 %
Day's Low: $ 14.03 30 Day Perf: 5.31 %
Volume (M): 208 52 Wk High: $ 14.29
Volume (M$): $ 2,920 52 Wk Avg: $13.24
Open: $14.21 52 Wk Low: $11.26



 Market Capitalization (Millions $) 1,193
 Shares Outstanding (Millions) 85
 Employees 424
 Revenues (TTM) (Millions $) 165
 Net Income (TTM) (Millions $) 42
 Cash Flow (TTM) (Millions $) 84
 Capital Exp. (TTM) (Millions $) 5

Kearny Financial Corp.

Kearny Financial Corp. is a Maryland corporation that was incorporated on September 2, 2014. Kearny Financial is the holding company for Kearny Bank (the “Bank”), a federally-chartered stock savings bank.


On May 18, 2015, the Company completed its second-step conversion and stock offering through which it converted from the mutual holding company structure to a fully publicly held company. In conjunction with that transaction, the Company sold 71,750,000 shares of its common stock at $10.00 per share, resulting in gross proceeds of $717.5 million. The new shares issued included 3,612,500 shares sold to the Bank’s Employee Stock Ownership Plan (“ESOP”) with an aggregate value of $36.1 million based on the sales price of $10.00 per share. Concurrent with the closing of the transaction, the Company also issued an additional 500,000 shares of its common stock with an aggregate value of $5.0 million and contributed these shares with an additional $5.0 million in cash to the KearnyBank Foundation.


The Company recognized direct stock offering costs of $10.7 million in conjunction with the transaction which reduced the net proceeds credited to capital. After adjusting for transaction costs and the value of the shares issued to the Bank’s ESOP, the Company recognized a net increase in equity capital of $670.7 million, of which $353.4 million was contributed to the Bank by the Company as an additional investment in the Bank’s common equity. Approximately $34.5 million of new capital proceeds were funded through withdrawals of existing customer deposits previously held by the Bank.


Each outstanding share held by the public stockholders of Kearny Financial Corp., a federal corporation, immediately prior to the closing of the conversion and stock offering was converted into 1.3804 shares of the Company’s new common stock while the shares previously held by Kearny MHC, the former mutual holding company, were cancelled concurrent with the closing of the transaction.



   Company Address: 120 Passaic Ave. Fairfield 7004 NJ
   Company Phone Number: 244-4500   Stock Exchange / Ticker: NASDAQ KRNY
   KRNY is expected to report next financial results on February 07, 2020.
 

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Customers Net Income grew by KRNY's customers Net margin grew to
301.87 % 9.66 %
• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   
Major Competitors Stock performance

5 Days Decrease / Increase
     
WSBF        0.37% 
PFS   -0.56%    
OCFC        0.5% 
BCBP        0.23% 
BANC        1.95% 
UNTY        1.65% 
• View Complete Report
   



             
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