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

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$16.90 -0.01 (-0.06 %)
(As of 04/25/2019 06:00 AM ET)
Previous Close$16.91
Today's Range$16.78 - $17.10
52-Week Range$14.07 - $18.01
Volume134,969 shs
Average Volume230,223 shs
Market Capitalization$760.26 million
P/E Ratio14.70
Dividend Yield5.91%
Beta0.62
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$1.0662 per share
Book Value$12.00 per share

Profitability

Net Income$42.89 million

Miscellaneous

Employees194
Market Cap$760.26 million
Next Earnings Date7/23/2019 (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 announced a quarterly dividend on Tuesday, April 23rd. Stockholders of record on Friday, May 3rd will be given a dividend of $0.25 per share on Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Thursday, May 2nd. View Oritani Financial's Dividend History.

How were Oritani Financial's earnings last quarter?

Oritani Financial Corp. (NASDAQ:ORIT) posted its earnings results on Monday, April, 22nd. The bank reported $0.28 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.01. The bank had revenue of $25.20 million for the quarter, compared to analyst estimates of $26 million. Oritani Financial had a return on equity of 9.76% and a net margin of 33.81%. 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 Tuesday, July 23rd 2019. View Earnings Estimates for Oritani Financial.

Has Oritani Financial been receiving favorable news coverage?

News stories about ORIT stock have trended somewhat positive recently, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Oritani Financial earned a news impact score of 1.5 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the near future.

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 many different of institutional and retail investors. Top institutional shareholders include 6 Meridian (0.09%), Denali Advisors LLC (0.03%), Brinker Capital Inc. (0.03%), Nisa Investment Advisors LLC (0.01%) and Versant Capital Management Inc (0.01%). 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 Nisa Investment Advisors 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 Denali Advisors LLC, Brinker Capital Inc., 6 Meridian and Versant Capital Management Inc. 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 $16.90.

How big of a company is Oritani Financial?

Oritani Financial has a market capitalization of $760.26 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 194 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 investo[email protected]


MarketBeat Community Rating for Oritani Financial (NASDAQ ORIT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  166 (Vote Outperform)
Underperform Votes:  215 (Vote Underperform)
Total Votes:  381
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 4/25/2019 by MarketBeat.com Staff

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