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Kearny Financial Corp. Buyback

OLI recorded this information on 1/22/2021

Company: Kearny Financial Corp.
Buyback: KRNY buyback
Share Amount Authorized: 4,210,520
Buyback Details: Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company for Kearny Bank, announced today that the Board of Directors has authorized a new stock repurchase plan to acquire up to 4,210,520 shares or approximately 5% of the Company's outstanding common stock. In conjunction with this announcement the Company also announced the completion of its previously disclosed stock repurchase plans which authorized the repurchase of 9,218,324 and 4,475,523 shares, respectively. Such shares were repurchased at a cost of $117.9 million, or $12.79 per share, and $46.9 million, or $10.48 per share, respectively.

Kearny Financial is a savings and loan holding company. Through its subsidiary, Kearny Bank, Co. is principally engaged in the business of accepting deposits from the general public in New Jersey and New York and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Co.'s loan portfolio is primarily comprised of loans collateralized by commercial and residential real estate augmented by secured and unsecured loans to businesses and consumers. Co.'s deposit products include interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts and certificates of deposit accounts.

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Company Name: 
Kearny Financial Corp (MD)
Stock buyback: 
KRNY buyback
Website: 
www.kearnybank.com
Sector: 
Banking & Savings
Number of ETFs Holding KRNY: 
33
Total Market Value Held by ETFs: 
$133.87M
Total Market Capitalization: 
$1.10B
% of Market Cap. Held by ETFs: 
12.19%
 

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Strong Buy (4.00 out of 4)
88th percentile
(ranked higher than approx. 88% of all stocks covered)

Analysts' Target Price:
KRNY Stock Forecast

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