NASDAQ:ORITOritani Financial Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Oritani Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $18.60 0.00 (0.00 %) (As of 06/1/2020 04:00 PM ET) Add Compare Share Today's Range$18.60Now: $18.60▼$18.6050-Day Range$18.60MA: $18.60▼$18.6052-Week Range$14.07Now: $18.60▼$19.50VolumeN/AAverage Volume326,852 shsMarket Capitalization$839.79 millionP/E Ratio15.76Dividend Yield3.87%Beta0.69 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.5 Analyst's Opinion Consensus RatingOritani Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.00, Oritani Financial has a potential upside of 2.2% from its current price of $18.60.Amount of Analyst CoverageOritani Financial has received no research coverage in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesOritani Financial has received 234 “outperform” votes. (Add your “outperform” vote.)Underperform VotesOritani Financial has received 293 “underperform” votes. (Add your “underperform” vote.)Community SentimentOritani Financial has received 55.60% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipOritani Financial is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthOritani Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Oritani Financial is 61.02 %. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Oritani Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 10.19% of the stock of Oritani Financial is held by insiders.Percentage Held by Institutions68.31% of the stock of Oritani Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Oritani Financial is 15.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Oritani Financial is 15.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.97.Price to Book Value per Share RatioOritani Financial has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.57 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:ORIT Previous Symbol CUSIP68633D10 CIK1483195 Webwww.oritani.com Phone201-664-5400Debt Debt-to-Equity Ratio0.81 Current Ratio1.18 Quick Ratio1.18Price-To-Earnings Trailing P/E Ratio15.76 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$160.51 million Price / Sales5.23 Cash Flow$1.14 per share Price / Cash Flow16.32 Book Value$11.74 per share Price / Book1.58Profitability EPS (Most Recent Fiscal Year)$1.18 Net Income$52.06 million Net Margins31.46% Return on Equity9.63% Return on Assets1.26%Miscellaneous Employees194 Outstanding Shares45,150,000Market Cap$839.79 million Next Earnings Date7/21/2020 (Estimated) OptionableOptionable NASDAQ:ORIT Rates by TradingView Receive ORIT News and Ratings via Email Sign-up to receive the latest news and ratings for ORIT and its competitors with MarketBeat's FREE daily newsletter. Oritani Financial (NASDAQ:ORIT) Frequently Asked Questions How has Oritani Financial's stock been impacted by COVID-19 (Coronavirus)? Oritani Financial's stock was trading at $18.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ORIT shares have increased by 0.0% and is now trading at $18.60. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of 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. When is Oritani Financial's next earnings date? Oritani Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Oritani Financial. 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 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.28. The bank earned $25.47 million during the quarter. Oritani Financial had a return on equity of 9.63% and a net margin of 31.46%. View Oritani Financial's earnings history. How often does Oritani Financial pay dividends? What is the dividend yield for Oritani Financial? Oritani Financial declared a quarterly dividend on Thursday, October 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.87%. 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. What price target have analysts set for ORIT? 1 analysts have issued twelve-month price objectives for Oritani Financial's stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate Oritani Financial's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts' price targets for Oritani Financial. Has Oritani Financial been receiving favorable news coverage? News stories about ORIT stock have been trending extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing 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 daily sentiment score of -5.0 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutOritani Financial. Who are some of Oritani Financial's key competitors? Some companies that are related to Oritani Financial include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), MGIC Investment (MTG), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), EverBank Financial (EVER), WSFS Financial (WSFS), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC) and Provident Financial Services (PFS). View all 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), Alerian MLP ETF (AMLP), Coeur Mining (CDE), General Electric (GE), Aptiv (APTV), CNX Resources (CNX) and Ford Motor (F). Who are Oritani Financial's key executives? Oritani Financial's management team includes the following 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) What is Oritani Financial's stock symbol? Oritani Financial trades on the NASDAQ under the ticker symbol "ORIT." 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 $18.60. How big of a company is Oritani Financial? Oritani Financial has a market capitalization of $839.79 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. What is Oritani Financial's official website? The official website for Oritani Financial is 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] This page was last updated on 6/1/2020 by MarketBeat.com Staff
