Oritani Financial Corp. (NASDAQ:ORIT) EVP Thomas Guinan sold 19,170 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $17.86, for a total value of $342,376.20. Following the completion of the sale, the executive vice president now owns 103,272 shares in the company, valued at approximately $1,844,437.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Thomas Guinan also recently made the following trade(s):

  • On Wednesday, September 7th, Thomas Guinan sold 9,000 shares of Oritani Financial Corp. stock. The shares were sold at an average price of $16.07, for a total value of $144,630.00.

Shares of Oritani Financial Corp. (NASDAQ:ORIT) remained flat at $18.00 during midday trading on Wednesday. The stock had a trading volume of 233,069 shares. The company has a market capitalization of $769.95 million, a price-to-earnings ratio of 15.67 and a beta of 0.41. Oritani Financial Corp. has a 1-year low of $14.95 and a 1-year high of $18.00. The company’s 50 day moving average is $16.09 and its 200 day moving average is $16.13.

Oritani Financial Corp. (NASDAQ:ORIT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Oritani Financial Corp. had a return on equity of 9.21% and a net margin of 27.92%. On average, equities research analysts anticipate that Oritani Financial Corp. will post $0.96 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Oritani Financial Corp. (NASDAQ:ORIT)

The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, November 2nd. Oritani Financial Corp.’s payout ratio is 62.50%.

A number of institutional investors have recently added to or reduced their stakes in ORIT. Mason Street Advisors LLC bought a new position in Oritani Financial Corp. during the second quarter valued at $120,000. Creative Planning increased its position in Oritani Financial Corp. by 47.7% in the second quarter. Creative Planning now owns 8,657 shares of the company’s stock valued at $138,000 after buying an additional 2,794 shares during the last quarter. SG Americas Securities LLC bought a new position in Oritani Financial Corp. during the third quarter valued at $142,000. Panagora Asset Management Inc. bought a new position in Oritani Financial Corp. during the second quarter valued at $173,000. Finally, BlackRock Inc. increased its position in Oritani Financial Corp. by 204.2% in the second quarter. BlackRock Inc. now owns 10,886 shares of the company’s stock valued at $174,000 after buying an additional 7,308 shares during the last quarter. 62.82% of the stock is owned by institutional investors.

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About Oritani Financial Corp.

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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