Oritani Financial Corp. (ORIT) Director James J. Doyle, Jr. Sells 30,000 Shares
Oritani Financial Corp. (NASDAQ:ORIT) Director James J. Doyle, Jr. sold 30,000 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $17.52, for a total value of $525,600.00. Following the completion of the sale, the director now directly owns 270,000 shares of the company’s stock, valued at $4,730,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Oritani Financial Corp. (NASDAQ:ORIT) opened at 17.75 on Wednesday. Oritani Financial Corp. has a 52-week low of $14.95 and a 52-week high of $18.00. The stock has a 50 day moving average price of $16.29 and a 200 day moving average price of $16.15. The company has a market capitalization of $759.26 million, a PE ratio of 15.45 and a beta of 0.41.
Oritani Financial Corp. (NASDAQ:ORIT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.24 EPS for the quarter, hitting the Zacks’ 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, analysts predict that Oritani Financial Corp. will post $0.96 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.50 per share. This represents a dividend yield of 3.89%. The ex-dividend date is Wednesday, December 7th. Oritani Financial Corp.’s dividend payout ratio is currently 62.50%.
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Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Oritani Financial Corp. by 27.0% in the second quarter. JPMorgan Chase & Co. now owns 432,385 shares of the company’s stock worth $6,913,000 after buying an additional 91,967 shares in the last quarter. UBS Group AG raised its stake in Oritani Financial Corp. by 1.9% in the first quarter. UBS Group AG now owns 37,868 shares of the company’s stock worth $643,000 after buying an additional 701 shares in the last quarter. TD Asset Management Inc. raised its stake in Oritani Financial Corp. by 20.5% in the second quarter. TD Asset Management Inc. now owns 171,000 shares of the company’s stock worth $2,734,000 after buying an additional 29,100 shares in the last quarter. Swiss National Bank raised its stake in shares of Oritani Financial Corp. by 2.4% in the second quarter. Swiss National Bank now owns 67,200 shares of the company’s stock worth $1,075,000 after buying an additional 1,600 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Oritani Financial Corp. by 47.7% in the second quarter. Creative Planning now owns 8,657 shares of the company’s stock worth $138,000 after buying an additional 2,794 shares in the last quarter. 60.94% of the stock is currently owned by institutional investors.
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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