Kearny Financial Corp. director Curtland E. Fields has completed a purchase of 3,000 shares of the company's common stock, according to a Securities and Exchange Commission filing dated June 9, 2026. The transaction, executed on June 8, 2026, totaled $25,200.
Fields acquired the shares at prices ranging from $8.37 to $8.41 per share. This acquisition brings his direct ownership stake in Kearny Financial Corp. to 24,900 shares.
The purchase occurs as the stock trades near its 52-week high of $8.50. Over the past year, shares have gained 45%, currently trading at $8.51. According to InvestingPro analysis, the stock appears undervalued with a Fair Value estimate of $9.83, suggesting potential upside from current levels.
In related coverage, Piper Sandler has initiated coverage on Kearny Financial Corp. with an Overweight rating. The firm has set a price target of $9.50 for the company. This assessment is based on 0.95 times Kearny Financial's one-year forward tangible book value estimate.
Kearny Financial, headquartered in Fairfield, New Jersey, has expanded its operations significantly since completing a second-step conversion in 2015. It now boasts $7.6 billion in assets and operates 40 banking locations across New Jersey and the New York metro area. These recent developments highlight the bank's ongoing growth and the positive outlook provided by Piper Sandler.