Bank of America buys into Kearny Financial stock

Published on 10/06/2026 at 08:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America bought 252,687 shares in the second quarter. The consensus target is USD 10.75 for Kearny Financial stock before October 22, 2026.

KRNY, US48716P1084, Illustration mit AI erstellt.

Kearny Financial (ISIN US48716P1084) drew a 252,687-share purchase by Bank of America in the second quarter, according to MarketBeat on October 1, 2026. The company is scheduled to report first-quarter fiscal 2027 results on October 22, 2026, with the report expected before the market opens, according to MarketBeat.

Institutional interest meets a results date

Bank of America valued the new position at USD 2.39 million, equal to 0.39 percent of Kearny Financial. The purchase adds a measurable institutional signal ahead of the next reporting milestone, while the bank remains focused on its regional deposit and lending franchise.

Kearny Financial operates Kearny Bank, a community bank with approximately USD 8.0 billion in assets and 40 retail branches across 10 New Jersey counties, Brooklyn and Staten Island, New York, according to the company's investor-relations overview. That footprint gives the October report a direct operating focus: deposits, loan demand and interest income will shape the next quarterly comparison.

Earnings missed on per-share profit

In the latest quarterly results reported on July 23, 2026, Kearny Financial posted USD 0.15 in earnings per share against a USD 0.17 consensus estimate, a USD 0.02 shortfall. Revenue reached USD 45.69 million versus USD 45.61 million expected, so the top-line result exceeded consensus by USD 0.08 million, according to MarketBeat.

The same report cited a 10.45 percent net margin and a 4.90 percent return on equity. The contrast between revenue above expectations and earnings per share below expectations leaves cost control and funding conditions as the clearest figures to watch in the October update.

Target stays above the market value

MarketBeat lists a consensus price target of USD 10.75 and three Buy ratings against one Hold rating. Raymond James set an USD 11.00 target in an August 26, 2026 research report, while Piper Sandler raised its target from USD 9.50 to USD 10.50 in a June 25, 2026 report, according to MarketBeat.

Nasdaq valuation before October report

KRNY was last at USD 9.27 on Nasdaq on October 5, 2026 at 4:00 p.m. ET. Its market capitalization was USD 583.4 million, while the 52-week range was USD 6.23 to USD 10.24, placing the latest quoted value USD 0.97 below the yearly high.