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

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$16.35 +0.05 (+0.31 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$16.30
Today's Range$16.20 - $16.40
52-Week Range$15.00 - $17.70
Volume257,700 shs
Average Volume176,267 shs
Market Capitalization$745.87 million
P/E Ratio14.22
Dividend Yield6.19%
Beta0.41
Oritani Financial logoOritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers in the United States. It accepts a range of deposit products, including non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The company also provides residential commercial real estate loans comprising mortgage loans secured by apartment buildings; commercial real estate loans, including mortgage loans secured by retail anchor shopping centers, commercial offices, retail space, warehouses, and mixed-use buildings; and residential real estate loans, such as one to four family residential real property and home equity loans. It also offers second mortgage and equity loans, and home equity lines of credit, as well as construction loans. In addition, the company owns and invests in securities and real estate properties. As of June 30, 2017, it operated 26 full service branches in Bergen, Hudson, Essex, and Passaic counties in New Jersey; and lending offices in New York City, New York and Cherry Hill, New Jersey. The company 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 Ratio0.96
Current Ratio1.22
Quick Ratio1.22

Price-To-Earnings

Trailing P/E Ratio14.22
Forward P/E Ratio14.86
P/E GrowthN/A

Sales & Book Value

Annual Sales$156.41 million
Price / Sales4.87
Cash Flow$1.2915 per share
Price / Cash12.66
Book Value$12.16 per share
Price / Book1.34

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$42.89 million
Net Margins27.44%
Return on Equity9.32%
Return on Assets1.26%

Miscellaneous

Employees245
Outstanding Shares46,620,000
Market Cap$745.87 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 declared 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 dividend on an annualized basis and a dividend yield of 6.12%. 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) announced its quarterly earnings results on Tuesday, July, 24th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks' 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 9.32%. 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 equities research analysts have issued 1-year price objectives for Oritani Financial's shares. Their forecasts range from $16.50 to $16.50. On average, they expect Oritani Financial's stock price to reach $16.50 in the next year. This suggests a possible upside of 0.9% 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.

Are investors shorting Oritani Financial?

Oritani Financial saw a increase in short interest during the month of July. As of July 13th, there was short interest totalling 2,287,155 shares, an increase of 24.6% from the June 29th total of 1,835,178 shares. Based on an average daily trading volume, of 147,785 shares, the short-interest ratio is presently 15.5 days. Approximately 5.7% of the shares of the stock are short sold. View Oritani Financial's Current Options Chain.

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 (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)

Has Oritani Financial been receiving favorable news coverage?

News coverage about ORIT stock has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oritani Financial earned a media and rumor sentiment score of 0.11 on Accern's scale. They also gave media headlines about the bank an impact score of 46.24 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Oritani Financial.

Who are Oritani Financial's major shareholders?

Oritani Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.14%), Dimensional Fund Advisors LP (7.56%), Renaissance Technologies LLC (3.49%), Bank of New York Mellon Corp (1.33%), Citadel Advisors LLC (0.72%) and Systematic Financial Management LP (0.63%). 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 major investors are selling Oritani Financial stock?

ORIT stock was sold by a variety of institutional investors in the last quarter, including RBO & Co. LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Russell Investments Group Ltd., KBC Group NV, Municipal Employees Retirement System of Michigan, Arizona State Retirement System and NJ State Employees Deferred Compensation Plan. 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, Robert S Hekemian Jr and Thomas Guinan. View Insider Buying and Selling for Oritani Financial.

Which major investors are buying Oritani Financial stock?

ORIT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Citadel Advisors LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Schwab Charles Investment Management Inc., Aperio Group LLC, BlueMountain Capital Management LLC and Lyell Wealth Management LP. 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 $16.35.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $745.87 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 245 workers across the globe.

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:  119 (Thanks for Voting!)
Underperform Votes:  151 (Thanks for Voting!)
Total Votes:  270
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 8/18/2018 by MarketBeat.com Staff

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