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

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$14.81 +0.01 (+0.07 %)
(As of 12/17/2018 02:02 PM ET)
Previous Close$14.80
Today's Range$14.76 - $14.88
52-Week Range$14.24 - $17.30
Volume6,074 shs
Average Volume177,134 shs
Market Capitalization$673.29 million
P/E Ratio12.90
Dividend Yield6.76%
Beta0.47
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
Current SymbolNASDAQ:ORIT
Previous Symbol
CUSIP68633D10
Phone201-664-5400

Debt

Debt-to-Equity Ratio0.93
Current Ratio1.21
Quick Ratio1.21

Price-To-Earnings

Trailing P/E Ratio12.90
Forward P/E Ratio13.46
P/E GrowthN/A

Sales & Book Value

Annual Sales$156.41 million
Price / Sales4.31
Cash Flow$1.0954 per share
Price / Cash Flow13.52
Book Value$12.00 per share
Price / Book1.23

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$42.89 million
Net Margins28.23%
Return on Equity9.57%
Return on Assets1.29%

Miscellaneous

Employees250
Outstanding Shares45,490,000
Market Cap$673.29 million
OptionableOptionable

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 declared a special dividend on Wednesday, November 21st. Stockholders of record on Friday, December 7th will be given a dividend of $0.15 per share on Friday, December 21st. This represents a dividend yield of 6.57%. The ex-dividend date is Thursday, December 6th. View Oritani Financial's Dividend History.

How were Oritani Financial's earnings last quarter?

Oritani Financial Corp. (NASDAQ:ORIT) released its earnings results on Monday, October, 29th. The bank reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.02. The bank earned $27.12 million during the quarter, compared to analysts' expectations of $27.50 million. Oritani Financial had a net margin of 28.23% and a return on equity of 9.57%. 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 Monday, February 4th 2019. View Earnings Estimates for Oritani Financial.

What price target have analysts set for ORIT?

1 Wall Street analysts have issued 1 year target prices for Oritani Financial's shares. Their predictions range from $16.50 to $16.50. On average, they expect Oritani Financial's stock price to reach $16.50 in the next twelve months. This suggests a possible upside of 11.4% 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.

Has Oritani Financial been receiving favorable news coverage?

News headlines about ORIT stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Oritani Financial earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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, Sr. VP & Corp. Sec. (Age 64)
  • Mr. Louis A. Manderino, Chief Credit Officer, Chief Risk Officer & Exec. VP (Age 63)
  • Mr. Kurt Breitenstein, Exec. VP & Chief Lending Officer (Age 50)

Who are Oritani Financial's major shareholders?

Oritani Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.55%), Vanguard Group Inc (10.02%), Vanguard Group Inc. (10.02%), Dimensional Fund Advisors LP (7.94%), Renaissance Technologies LLC (3.69%) and Teachers Advisors LLC (1.54%). Company insiders that own Oritani Financial stock include James J Doyle Jr, John J Skelly Jr, Judith Schumacher-Tilton, 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 selling Oritani Financial stock?

ORIT stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Rhumbline Advisers, Credit Suisse AG, SG Americas Securities LLC and Comerica Bank. Company insiders that have sold Oritani Financial company stock in the last year include John J Skelly Jr, Kevin J Lynch, Nicholas Antonaccio, Philip Wyks and Robert S Hekemian Jr. View Insider Buying and Selling for Oritani Financial.

Which institutional investors are buying Oritani Financial stock?

ORIT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Vanguard Group Inc, Vanguard Group Inc., Renaissance Technologies LLC, Nordea Investment Management AB, Sterling Capital Management LLC and First Trust Advisors LP. Company insiders that have bought Oritani Financial stock in the last two years include James J Doyle Jr and Judith Schumacher-Tilton. 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 $14.81.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $673.29 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, TOWNSHIP OF 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:  141 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  323
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 12/17/2018 by MarketBeat.com Staff

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