NASDAQ:ORIT - Oritani Financial Stock Price, News, & Analysis

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$15.16 +0.01 (+0.07 %)
(As of 10/23/2018 09:44 AM ET)
Previous Close$15.15
Today's Range$15.11 - $15.23
52-Week Range$14.95 - $17.70
Volume11,501 shs
Average Volume157,491 shs
Market Capitalization$708.62 million
P/E Ratio13.18
Dividend Yield6.58%
Beta0.38
Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers. The company accepts a range of deposit products, such as non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. Its loan products include residential commercial real estate loans comprising mortgage loans secured by apartment buildings; commercial real estate loans, consisting of mortgage loans secured by retail anchor shopping centers, commercial offices, retail space, warehouses, and mixed-use buildings; residential real estate loans, such as one to four family residential real property and home equity loans; and second mortgage and equity loans, and home equity lines of credit, as well as construction loans. The company also invests in securities and real estate properties. As of June 30, 2018, it operated 25 full service branches in Bergen, Hudson, Essex, and Passaic counties, New Jersey; and lending offices in New York City and Cherry Hill, New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in Washington Township, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:ORIT
CUSIP68633D10
Phone201-664-5400

Debt

Debt-to-Equity Ratio1.07
Current Ratio1.23
Quick Ratio1.23

Price-To-Earnings

Trailing P/E Ratio13.18
Forward P/E Ratio13.78
P/E GrowthN/A

Sales & Book Value

Annual Sales$156.41 million
Price / Sales4.52
Cash Flow$1.0914 per share
Price / Cash13.89
Book Value$12.00 per share
Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$42.89 million
Net Margins27.44%
Return on Equity9.30%
Return on Assets1.25%

Miscellaneous

Employees250
Outstanding Shares46,620,000
Market Cap$708.62 million

Oritani Financial (NASDAQ:ORIT) Frequently Asked Questions

What is Oritani Financial's stock symbol?

Oritani Financial trades on the NASDAQ under the ticker symbol "ORIT."

How often does Oritani Financial pay dividends? What is the dividend yield for Oritani Financial?

Oritani Financial announced a quarterly dividend on Wednesday, July 25th. Stockholders of record on Friday, August 3rd will be given a dividend of $0.25 per share on Friday, August 17th. This represents a $1.00 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Thursday, August 2nd. View Oritani Financial's Dividend History.

How were Oritani Financial's earnings last quarter?

Oritani Financial Corp. (NASDAQ:ORIT) released its quarterly earnings data on Tuesday, July, 24th. The bank reported $0.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.27 by $0.03. The bank had revenue of $28.74 million for the quarter, compared to analyst estimates of $27.60 million. Oritani Financial had a net margin of 27.44% and a return on equity of 9.30%. View Oritani Financial's Earnings History.

When is Oritani Financial's next earnings date?

Oritani Financial is scheduled to release their next quarterly earnings announcement on Wednesday, October 24th 2018. View Earnings Estimates for Oritani Financial.

What price target have analysts set for ORIT?

1 analysts have issued 12 month price targets for Oritani Financial's stock. Their predictions range from $16.50 to $16.50. On average, they expect Oritani Financial's share price to reach $16.50 in the next year. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for Oritani Financial.

What is the consensus analysts' recommendation for Oritani Financial?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oritani Financial in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Oritani Financial.

Who are some of Oritani Financial's key competitors?

Who are Oritani Financial's key executives?

Oritani Financial's management team includes the folowing people:
  • Mr. Kevin J. Lynch, Chairman, Pres & CEO (Age 72)
  • Mr. John M. Fields Jr., Exec. VP, CFO & Director (Age 55)
  • Mr. Philip M. Wyks, SVP & Corp. Sec. (Age 64)
  • Mr. Louis A. Manderino, Chief Credit Officer, Chief Risk Officer & EVP - Oritani Bank (Age 62)
  • Mr. Thomas G. Guinan, Former SVP & Chief Commercial Loan Officer (Age 48)

Who are Oritani Financial's major shareholders?

Oritani Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.02%). Company insiders that own Oritani Financial stock include James J Doyle Jr, John J Skelly Jr, John M Fields Jr, Kevin J Lynch, Nicholas Antonaccio, Philip Wyks, Robert S Hekemian Jr and Thomas Guinan. View Institutional Ownership Trends for Oritani Financial.

Which institutional investors are buying Oritani Financial stock?

ORIT stock was acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC. View Insider Buying and Selling for Oritani Financial.

How do I buy shares of Oritani Financial?

Shares of ORIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Oritani Financial's stock price today?

One share of ORIT stock can currently be purchased for approximately $15.16.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $708.62 million and generates $156.41 million in revenue each year. The bank earns $42.89 million in net income (profit) each year or $1.15 on an earnings per share basis. Oritani Financial employs 250 workers across the globe.

What is Oritani Financial's official website?

The official website for Oritani Financial is http://www.oritani.com.

How can I contact Oritani Financial?

Oritani Financial's mailing address is 370 PASCACK ROAD, WASHINGTON NJ, 07676. The bank can be reached via phone at 201-664-5400 or via email at [email protected]


MarketBeat Community Rating for Oritani Financial (NASDAQ ORIT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  133 (Vote Outperform)
Underperform Votes:  169 (Vote Underperform)
Total Votes:  302
MarketBeat's community ratings are surveys of what our community members think about Oritani Financial and other stocks. Vote "Outperform" if you believe ORIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ORIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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