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

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$16.87 -0.10 (-0.59 %)
(As of 03/20/2019 01:19 PM ET)
Previous Close$16.97
Today's Range$16.81 - $17.04
52-Week Range$14.07 - $18.01
Volume6,305 shs
Average Volume266,836 shs
Market Capitalization$758.98 million
P/E Ratio14.64
Dividend Yield5.77%
Beta0.63
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

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$156.41 million
Cash Flow$1.0664 per share
Book Value$12.00 per share

Profitability

Net Income$42.89 million

Miscellaneous

EmployeesN/A
Market Cap$758.98 million
Next Earnings Date4/24/2019 (Estimated)
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 quarterly dividend on Friday, January 25th. Shareholders of record on Friday, February 8th will be given a dividend of $0.25 per share on Friday, February 22nd. This represents a $1.00 annualized dividend and a yield of 5.93%. The ex-dividend date is Thursday, February 7th. View Oritani Financial's Dividend History.

How were Oritani Financial's earnings last quarter?

Oritani Financial Corp. (NASDAQ:ORIT) released its quarterly earnings results on Thursday, January, 24th. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The bank earned $27.67 million during the quarter, compared to analyst estimates of $26.20 million. Oritani Financial had a net margin of 33.81% and a return on equity of 9.76%. 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, April 24th 2019. View Earnings Estimates for Oritani Financial.

What price target have analysts set for ORIT?

1 brokers have issued 1 year target prices for Oritani Financial's stock. Their forecasts 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 that the stock has a possible downside of 2.2%. 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?

Media stories about ORIT stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive 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 negative five to positive five, with scores closest to five being the most favorable. Oritani Financial earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines 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 next few days.

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 Range Resources (RRC), Callon Petroleum (CPE), General Electric (GE), Alerian MLP (AMLP), Coeur Mining (CDE), New York Community Bancorp (NYCB), FireEye (FEYE), OFG Bancorp (OFG), Medical Properties Trust (MPW) and CNX Resources (CNX).

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 number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.35%), Dimensional Fund Advisors LP (8.55%), Northern Trust Corp (1.72%), Norges Bank (1.59%), Bank of New York Mellon Corp (1.44%) and Context BH Capital Management LP (1.43%). 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, 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 Two Sigma Investments LP, BOKF NA, Bank of America Corp DE, Barclays PLC, Two Sigma Advisers LP, NJ State Employees Deferred Compensation Plan, KBC Group NV and Amundi Pioneer Asset Management Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Dimensional Fund Advisors LP, Clover Partners L.P., Nordea Investment Management AB, Acadian Asset Management LLC, Geode Capital Management LLC and Geode Capital Management LLC. 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 $16.87.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $758.98 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.

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:  160 (Vote Outperform)
Underperform Votes:  202 (Vote Underperform)
Total Votes:  362
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 3/20/2019 by MarketBeat.com Staff

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