Piper Sandler analyst Adam Kroll assumed coverage of Kearny Financial with an Overweight rating and $9.50 price target. The company has grown to $7.6B in assets with 40 banking locations across NJ and NY metro, the analyst tells investors in a research note. Piper likes Kearny's net interest margin expansion visibility given its fixed-rate loan repricing and push into higher yielding commercial loans.
