Oritani Financial Corp. (ORIT) CFO Sells $1,019,679.30 in Stock
Oritani Financial Corp. (NASDAQ:ORIT) CFO John M. Fields, Jr. sold 57,609 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $17.70, for a total value of $1,019,679.30. Following the transaction, the chief financial officer now owns 340,934 shares in the company, valued at approximately $6,034,531.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Oritani Financial Corp. (NASDAQ:ORIT) traded up 1.43% during midday trading on Tuesday, reaching $17.75. The company had a trading volume of 134,869 shares. The company has a 50 day moving average price of $16.29 and a 200-day moving average price of $16.15. The firm has a market capitalization of $759.26 million, a P/E ratio of 15.45 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 released its quarterly earnings results on Wednesday, October 26th. The company reported $0.24 earnings per share (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, analysts anticipate that Oritani Financial Corp. will post $0.96 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a yield of 3.89%. Oritani Financial Corp.’s dividend payout ratio (DPR) is currently 62.50%.
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Institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its position in Oritani Financial Corp. by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,680 shares of the company’s stock worth $215,000 after buying an additional 140 shares during the period. BlackRock Inc. increased its position in shares of Oritani Financial Corp. by 1.8% in the third quarter. BlackRock Inc. now owns 11,083 shares of the company’s stock worth $174,000 after buying an additional 197 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Oritani Financial Corp. by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the company’s stock worth $272,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System increased its position in shares of Oritani Financial Corp. by 2.6% in the second quarter. Arizona State Retirement System now owns 19,902 shares of the company’s stock worth $318,000 after buying an additional 500 shares during the last quarter. Finally, BOKF NA increased its position in shares of Oritani Financial Corp. by 0.4% in the second quarter. BOKF NA now owns 153,441 shares of the company’s stock worth $2,453,000 after buying an additional 559 shares during the last quarter. Institutional investors and hedge funds own 60.94% of the company’s stock.
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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