Oritani Financial Corp. (NASDAQ:ORIT) declared a special dividend on Wednesday, November 23rd. Shareholders of record on Friday, December 9th will be given a dividend of 0.50 per share on Friday, December 23rd. This represents a dividend yield of 3.89%. The ex-dividend date is Wednesday, December 7th.

Oritani Financial Corp. (NASDAQ:ORIT) remained flat at $18.00 on Wednesday. The company had a trading volume of 233,069 shares. The company has a 50 day moving average price of $16.09 and a 200 day moving average price of $16.13. The firm has a market cap of $769.95 million, a PE ratio of 15.67 and a beta of 0.41. Oritani Financial Corp. has a one year low of $14.95 and a one year high of $18.00.

Oritani Financial Corp. (NASDAQ:ORIT) last posted its earnings results on Wednesday, October 26th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Oritani Financial Corp. had a return on equity of 9.21% and a net margin of 27.92%. On average, equities analysts predict that Oritani Financial Corp. will post $0.96 EPS for the current year.

Dividend History for Oritani Financial Corp. (NASDAQ:ORIT)

In other news, Director James J. Doyle, Jr. sold 30,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $17.07, for a total transaction of $512,100.00. Following the transaction, the director now owns 270,000 shares of the company’s stock, valued at approximately $4,608,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Guinan sold 9,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $16.07, for a total value of $144,630.00. Following the transaction, the executive vice president now directly owns 112,602 shares in the company, valued at approximately $1,809,514.14. The disclosure for this sale can be found here. Corporate insiders own 15.27% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Panagora Asset Management Inc. increased its stake in shares of Oritani Financial Corp. by 104.2% in the third quarter. Panagora Asset Management Inc. now owns 22,093 shares of the company’s stock valued at $347,000 after buying an additional 11,274 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Oritani Financial Corp. by 39.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 108,991 shares of the company’s stock valued at $1,713,000 after buying an additional 30,655 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Oritani Financial Corp. during the third quarter valued at $6,386,000. Two Sigma Advisers LP increased its stake in shares of Oritani Financial Corp. by 37.9% in the third quarter. Two Sigma Advisers LP now owns 172,586 shares of the company’s stock valued at $2,713,000 after buying an additional 47,397 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Oritani Financial Corp. by 1.3% in the third quarter. Principal Financial Group Inc. now owns 571,841 shares of the company’s stock valued at $8,990,000 after buying an additional 7,160 shares in the last quarter. 62.82% of the stock is currently owned by institutional investors and hedge funds.

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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.

5 Day Chart for NASDAQ:ORIT

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