In 2011 Craig Montanaro was appointed CEO of Kearny Financial Corp. (NASDAQ:KRNY). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we'll consider growth that the business demonstrates. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels.
Check out our latest analysis for Kearny Financial
How Does Craig Montanaro's Compensation Compare With Similar Sized Companies?
Our data indicates that Kearny Financial Corp. is worth US$982m, and total annual CEO compensation was reported as US$947k for the year to June 2019. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$560k. We looked at a group of companies with market capitalizations from US$400m to US$1.6b, and the median CEO total compensation was US$2.5m.
This would give shareholders a good impression of the company, since most similar size companies have to pay more, leaving less for shareholders. While this is a good thing, you'll need to understand the business better before you can form an opinion.
The graphic below shows how CEO compensation at Kearny Financial has changed from year to year.
Is Kearny Financial Corp. Growing?
On average over the last three years, Kearny Financial Corp. has grown earnings per share (EPS) by 35% each year (using a line of best fit). It achieved revenue growth of 5.4% over the last year.
This demonstrates that the company has been improving recently. A good result. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. You might want to check this free visual report on analyst forecasts for future earnings.
Has Kearny Financial Corp. Been A Good Investment?
Given the total loss of 17% over three years, many shareholders in Kearny Financial Corp. are probably rather dissatisfied, to say the least. It therefore might be upsetting for shareholders if the CEO were paid generously.
In Summary...
Kearny Financial Corp. is currently paying its CEO below what is normal for companies of its size.
Since the business is growing, many would argue this suggests the pay is modest. Unfortunately, some shareholders may be disappointed with their returns, given the company's performance over the last three years. So while we don't think, Craig Montanaro is paid too much, shareholders may hope that business performance translates to investment returns before pay rises are given out. When I see fairly low remuneration, combined with earnings per share growth, but without big share price gains, it makes me want to research the potential for future gains. So you may want to check if insiders are buying Kearny Financial shares with their own money (free access).
If you want to buy a stock that is better than Kearny Financial, this free list of high return, low debt companies is a great place to look.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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Does Kearny Financial Corp.'s (NASDAQ:KRNY) CEO Salary Compare Well With Others? - Yahoo Finance
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