News headlines about Oritani Financial (NASDAQ:ORIT) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. 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 media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.797696364608 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
ORIT has been the subject of a number of recent analyst reports. ValuEngine downgraded Oritani Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. FIG Partners reiterated a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th. Finally, BidaskClub downgraded Oritani Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
Shares of Oritani Financial (NASDAQ:ORIT) opened at $16.55 on Thursday. The firm has a market capitalization of $768.25, a price-to-earnings ratio of 14.65 and a beta of 0.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Oritani Financial has a 1 year low of $15.30 and a 1 year high of $19.00.
The business also recently announced a special dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a dividend yield of 4.17%. Oritani Financial’s payout ratio is 61.95%.
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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