Oritani 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.
Industry, Sector and Symbol
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 Ratio12.98
Forward P/E Ratio15.74
P/E GrowthN/A
Sales & Book Value
Annual Sales$159.31 million
Price / Sales4.97
Cash Flow$1.2668 per share
Price / Cash13.42
Book Value$12.16 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$1.31
Net Income$49.14 million
Net Margins22.22%
Return on Equity9.02%
Return on Assets1.22%
Miscellaneous
Employees245
Outstanding Shares46,620,000
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 Thursday, April 26th. Stockholders of record on Friday, May 4th will be paid a dividend of $0.25 per share on Friday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, May 3rd. View Oritani Financial's Dividend History.
How were Oritani Financial's earnings last quarter?
Oritani Financial Corp. (NASDAQ:ORIT) announced its quarterly earnings data on Thursday, April, 26th. The bank reported $0.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.02. The bank had revenue of $27.93 million for the quarter. Oritani Financial had a net margin of 22.22% and a return on equity of 9.02%. View Oritani Financial's Earnings History.
When is Oritani Financial's next earnings date?
What price target have analysts set for ORIT?
2 equities research analysts have issued 12 month price objectives for Oritani Financial's shares. Their predictions range from $16.50 to $17.00. On average, they expect Oritani Financial's stock price to reach $16.75 in the next year. View Analyst Ratings for Oritani Financial.
Who are some of Oritani Financial's key competitors?
Some companies that are related to Oritani Financial include Bancorpsouth Bank (BXS), International Bancshares (IBOC), Union Bankshares (UBSH), CVB Financial (CVBF), United Community Bank (UCBI), Great Western Bancorp (GWB), First Interstate BancSystem (FIBK), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Renasant (RNST), Independent Bank (INDB), Hilltop (HTH), Ameris Bancorp (ABCB), Eagle Bancorp (EGBN) and Banner (BANR).
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?
Media stories about ORIT stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oritani Financial earned a coverage optimism score of 0.09 on Accern's scale. They also assigned news coverage about the bank an impact score of 45.67 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Oritani Financial's major shareholders?
Oritani Financial's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.49%), Dimensional Fund Advisors LP (7.27%), Northern Trust Corp (1.68%), RBO & Co. LLC (0.90%), Principal Financial Group Inc. (0.65%) and Principal Financial Group Inc. (0.65%). 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 The Manufacturers Life Insurance Company , Citadel Advisors LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, California Public Employees Retirement System, UBS Group AG, BNP Paribas Arbitrage SA, American International Group Inc. 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 purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Dimensional Fund Advisors LP, BlackRock Inc., Dynamic Technology Lab Private Ltd, Russell Investments Group Ltd., RBO & Co. LLC, JPMorgan Chase & Co. and First Allied Advisory Services Inc.. 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 $17.00.
How big of a company is Oritani Financial?
Oritani Financial has a market capitalization of $790.15 million and generates $159.31 million in revenue each year. The bank earns $49.14 million in net income (profit) each year or $1.31 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 (ORIT)
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.
