Metropolitan Life Insurance Co. NY continued to hold its stake in Oritani Financial Corp. (NASDAQ:ORIT) during the first quarter, Holdings Channel reports. The firm owned 25,258 shares of the bank’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Oritani Financial Corp. were worth $429,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Oritani Financial Corp. during the fourth quarter valued at about $10,303,000. Louisiana State Employees Retirement System increased its position in shares of Oritani Financial Corp. by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the bank’s stock worth $267,000 after buying an additional 400 shares during the last quarter. Comerica Bank increased its position in shares of Oritani Financial Corp. by 5.2% in the first quarter. Comerica Bank now owns 42,652 shares of the bank’s stock worth $729,000 after buying an additional 2,093 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Oritani Financial Corp. by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 658,793 shares of the bank’s stock worth $11,199,000 after buying an additional 14,414 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Oritani Financial Corp. by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 11,681 shares of the bank’s stock worth $198,000 after buying an additional 592 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oritani Financial Corp. (ORIT) traded up 0.923% on Wednesday, reaching $16.299. The company had a trading volume of 18,137 shares. The company’s 50-day moving average is $16.82 and its 200 day moving average is $16.90. The firm has a market capitalization of $673.13 million, a PE ratio of 14.817 and a beta of 0.33. Oritani Financial Corp. has a 12 month low of $15.35 and a 12 month high of $19.00.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 annualized dividend and a dividend yield of 4.33%. Oritani Financial Corp.’s dividend payout ratio (DPR) is presently 63.64%.

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A number of research analysts recently commented on ORIT shares. ValuEngine upgraded Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Piper Jaffray Companies restated a “hold” rating and set a $17.00 price objective on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th.

In related news, SVP Philip Wyks sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $16.67, for a total transaction of $166,700.00. Following the completion of the transaction, the senior vice president now owns 26,698 shares in the company, valued at approximately $445,055.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Doyle, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $17.29, for a total value of $864,500.00. Following the transaction, the director now owns 290,000 shares of the company’s stock, valued at approximately $5,014,100. The disclosure for this sale can be found here. 15.27% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Oritani Financial Corp. (NASDAQ:ORIT)

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