News stories about Oritani Financial Corp. (NASDAQ:ORIT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oritani Financial Corp. earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.0152511180923 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Oritani Financial Corp. (NASDAQ ORIT) traded down 2.168% during midday trading on Monday, hitting $16.925. The stock had a trading volume of 90,377 shares. The company’s 50-day moving average price is $16.78 and its 200 day moving average price is $16.73. Oritani Financial Corp. has a 52 week low of $15.30 and a 52 week high of $19.00. The company has a market capitalization of $742.40 million, a PE ratio of 15.386 and a beta of 0.33.
Oritani Financial Corp. (NASDAQ:ORIT) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. Oritani Financial Corp. had a return on equity of 10.73% and a net margin of 31.03%. The company had revenue of $28.59 million for the quarter, compared to the consensus estimate of $28.30 million. On average, analysts expect that Oritani Financial Corp. will post $1.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, November 3rd. Oritani Financial Corp.’s dividend payout ratio (DPR) is 61.95%.
A number of research firms have commented on ORIT. Piper Jaffray Companies reissued a “hold” rating and issued a $17.00 price objective on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd. BidaskClub lowered Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Finally, ValuEngine raised Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th.
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In related news, EVP Thomas Guinan sold 71,478 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $16.29, for a total transaction of $1,164,376.62. Following the sale, the executive vice president now owns 135,204 shares of the company’s stock, valued at approximately $2,202,473.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 119,492 shares of company stock worth $1,943,034. 12.12% of the stock is currently owned by company insiders.
Oritani Financial Corp. Company Profile
Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.
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