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

$17.19
+0.13 (+0.76 %)
(As of 08/22/2019 08:00 AM ET)
Today's Range
$17.03
Now: $17.19
$17.25
50-Day Range
$16.48
MA: $17.39
$18.27
52-Week Range
$14.07
Now: $17.19
$18.30
Volume170,263 shs
Average Volume200,602 shs
Market Capitalization$774.93 million
P/E Ratio14.57
Dividend Yield5.77%
Beta0.7
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$1.0859 per share
Book Value$11.74 per share

Profitability

Net Income$52.06 million

Miscellaneous

Employees194
Market Cap$774.93 million
Next Earnings Date11/4/2019 (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 Monday, July 22nd. Shareholders of record on Friday, August 2nd will be given a dividend of $0.25 per share on Friday, August 16th. This represents a $1.00 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, August 1st. View Oritani Financial's Dividend History.

How were Oritani Financial's earnings last quarter?

Oritani Financial Corp. (NASDAQ:ORIT) issued its earnings results on Tuesday, July, 23rd. The bank reported $0.29 EPS for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.02. The bank earned $25.86 million during the quarter, compared to analyst estimates of $25 million. Oritani Financial had a return on equity of 9.69% and a net margin of 32.43%. 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, November 4th 2019. View Earnings Estimates for Oritani Financial.

What price target have analysts set for ORIT?

1 analysts have issued 12-month target prices for Oritani Financial's stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate Oritani Financial's share price to reach $19.00 in the next year. This suggests a possible upside of 10.5% 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 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?

Media headlines about ORIT stock have trended positive recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Oritani Financial earned a daily sentiment score of 2.5 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Oritani Financial.

Are investors shorting Oritani Financial?

Oritani Financial saw a drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,902,400 shares, a drop of 25.5% from the June 15th total of 3,896,100 shares. Based on an average daily volume of 234,600 shares, the short-interest ratio is presently 12.4 days. Currently, 7.6% of the company's shares are short sold. 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (13.60%), Vanguard Group Inc. (9.85%), Renaissance Technologies LLC (4.37%), Invesco Ltd. (3.79%), Robeco Institutional Asset Management B.V. (2.46%) and Acadian Asset Management LLC (1.91%). 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 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, Vanguard Group Inc., Prudential Financial Inc., Context BH Capital Management LP, Robeco Institutional Asset Management B.V., JPMorgan Chase & Co., Parametric Portfolio Associates LLC and Schroder Investment Management Group. 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 major investors are buying Oritani Financial stock?

ORIT stock was acquired by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, Acadian Asset Management LLC, Nuveen Asset Management LLC, Bank of America Corp DE, OMERS ADMINISTRATION Corp, BlackRock Inc., Morgan Stanley and ARP Americas 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 $17.19.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $774.93 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:  190 (Vote Outperform)
Underperform Votes:  245 (Vote Underperform)
Total Votes:  435
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 8/22/2019 by MarketBeat.com Staff

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