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Oritani Financial Stock Price, Forecast & Analysis (NASDAQ:ORIT)

$19.09
+0.03 (+0.16 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$19.02
Now: $19.09
$19.19
50-Day Range
$17.22
MA: $18.37
$19.32
52-Week Range
$14.07
Now: $19.09
$19.50
Volume490,400 shs
Average Volume261,424 shs
Market Capitalization$861.91 million
P/E Ratio16.18
Dividend Yield3.78%
Beta0.69
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$160.51 million
Cash Flow$1.14 per share
Book Value$11.72 per share

Profitability

Net Income$52.06 million

Miscellaneous

Employees194
Market Cap$861.91 million
Next Earnings Date1/23/2020 (Estimated)
OptionableOptionable

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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 Thursday, October 24th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.18 per share on Wednesday, November 13th. This represents a $0.72 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from Oritani Financial's previous quarterly dividend of $0.18. 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 Thursday, October, 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The bank had revenue of $25.47 million for the quarter. Oritani Financial had a net margin of 31.46% and a return on equity of 9.63%. 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 Thursday, January 23rd 2020. View Earnings Estimates for Oritani Financial.

What price target have analysts set for ORIT?

1 Wall Street analysts have issued 1-year price objectives for Oritani Financial's stock. Their forecasts range from $19.00 to $19.00. On average, they expect Oritani Financial's share price to reach $19.00 in the next twelve months. This suggests that the stock has a possible downside of 0.5%. 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Oritani Financial.

Has Oritani Financial been receiving favorable news coverage?

Press coverage about ORIT stock has been trending very negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Oritani Financial earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Oritani Financial.

Are investors shorting Oritani Financial?

Oritani Financial saw a decline in short interest in October. As of October 31st, there was short interest totalling 2,300,000 shares, a decline of 6.9% from the September 30th total of 2,470,000 shares. Based on an average trading volume of 213,000 shares, the short-interest ratio is currently 10.8 days. Approximately 6.0% of the shares of the stock are sold short. View Oritani Financial's Current Options Chain.

Who are some of Oritani Financial's key competitors?

What other stocks do shareholders of Oritani Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Oritani Financial investors own include Esquire Financial (ESQ), Callon Petroleum (CPE), Range Resources (RRC), Northfield Bancorp (NFBK), Coeur Mining (CDE), General Electric (GE), Alerian MLP ETF (AMLP), FireEye (FEYE), CNX Resources (CNX) and Ford Motor (F).

Who are Oritani Financial's key executives?

Oritani Financial's management team includes the folowing people:
  • Mr. Kevin J. Lynch, Chairman, Pres & CEO (Age 73)
  • Mr. John M. Fields Jr., Exec. VP, CFO & Director (Age 56)
  • Mr. Philip M. Wyks, Sr. VP & Corp. Sec. (Age 65)
  • Mr. Louis A. Manderino, Chief Credit Officer, Chief Risk Officer & Exec. VP (Age 64)
  • Mr. Kurt Breitenstein, Exec. VP & Chief Lending Officer (Age 51)

Who are Oritani Financial's major shareholders?

Oritani Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State of New Jersey Common Pension Fund D (0.54%), Gabelli Funds LLC (0.44%), ARP Americas LP (0.42%), Russell Investments Group Ltd. (0.39%), Assenagon Asset Management S.A. (0.30%) and Rhumbline Advisers (0.28%). Company insiders that own Oritani Financial stock include Ann Jetton, James J Doyle Jr, John J Skelly Jr, Judith Schumacher-Tilton, Kevin J Lynch, Nicholas Antonaccio, Philip Wyks and Robert S Hekemian Jr. 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 First Trust Advisors LP and Gabelli Funds LLC. Company insiders that have sold Oritani Financial company stock in the last year include Ann Jetton, Kevin J Lynch and Philip Wyks. View Insider Buying and Selling for Oritani Financial.

Which institutional investors are buying Oritani Financial stock?

ORIT stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Assenagon Asset Management S.A., ARP Americas LP, Alberta Investment Management Corp, Denali Advisors LLC, First Allied Advisory Services Inc., California Public Employees Retirement System and State of Alaska Department of Revenue. 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, Robinhood, Fidelity and Charles Schwab.

What is Oritani Financial's stock price today?

One share of ORIT stock can currently be purchased for approximately $19.09.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $861.91 million and generates $160.51 million in revenue each year. The bank earns $52.06 million in net income (profit) each year or $1.18 on an earnings per share basis. Oritani Financial employs 194 workers across the globe.View Additional Information About Oritani Financial.

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:  206 (Vote Outperform)
Underperform Votes:  263 (Vote Underperform)
Total Votes:  469
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 11/17/2019 by MarketBeat.com Staff

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