Kearny Financial Corp. is a holding company for Kearny Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is principally engaged in the business of attracting deposits from the general public and using these deposits, together with other funds, to originate or purchase loans for its portfolio and for sale on the secondary market. Its loan portfolio is comprised of multi-family mortgage loans, non-residential mortgage loans, commercial business loans, construction loans, one-to-four-family residential mortgage loans, home equity loans and other consumer loans. We show 42 historical shares outstanding datapoints in our KRNY shares outstanding history coverage, used to compute KRNY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KRNY market cap history over the course of time is important for investors
interested in comparing KRNY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KRNY versus a peer is one thing; comparing
KRNY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KRNY can fluctuate over the course of history.
With this page we aim to empower investors researching KRNY by allowing them to research the KRNY market cap history. |
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Video: The Importance of Market Cap
