Nordea Investment Management AB raised its holdings in shares of Oritani Financial Corp. (NASDAQ:ORIT) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,371 shares of the bank’s stock after acquiring an additional 19,477 shares during the quarter. Nordea Investment Management AB owned approximately 0.28% of Oritani Financial worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Oritani Financial by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,018,352 shares of the bank’s stock valued at $68,514,000 after acquiring an additional 54,268 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Oritani Financial by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,902,872 shares of the bank’s stock worth $49,494,000 after buying an additional 192,160 shares in the last quarter. State Street Corp grew its holdings in shares of Oritani Financial by 3.9% during the second quarter. State Street Corp now owns 1,244,149 shares of the bank’s stock worth $21,214,000 after buying an additional 46,224 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Oritani Financial by 2.1% during the second quarter. Northern Trust Corp now owns 790,660 shares of the bank’s stock worth $13,480,000 after buying an additional 16,468 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Oritani Financial by 4.2% during the second quarter. Teachers Advisors LLC now owns 599,721 shares of the bank’s stock worth $10,225,000 after buying an additional 24,042 shares in the last quarter. Hedge funds and other institutional investors own 62.03% of the company’s stock.
ORIT has been the subject of a number of recent research reports. BidaskClub upgraded shares of Oritani Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine downgraded shares of Oritani Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, FIG Partners reiterated a “market-perform” rating on shares of Oritani Financial in a report on Thursday, October 26th.
Oritani Financial (NASDAQ:ORIT) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $28.59 million during the quarter, compared to the consensus estimate of $28.30 million. Oritani Financial had a net margin of 31.03% and a return on equity of 10.73%. research analysts predict that Oritani Financial Corp. will post 1.02 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 4.17%. Oritani Financial’s dividend payout ratio (DPR) is presently 61.95%.
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Oritani Financial 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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