Teton Advisors Inc. held its stake in shares of Oritani Financial Corp. (NASDAQ:ORIT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,692 shares of the bank’s stock at the end of the second quarter. Teton Advisors Inc. owned 0.14% of Oritani Financial Corp. worth $984,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ORIT. Texas Permanent School Fund boosted its stake in shares of Oritani Financial Corp. by 0.6% in the first quarter. Texas Permanent School Fund now owns 27,893 shares of the bank’s stock worth $474,000 after buying an additional 174 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Oritani Financial Corp. by 2.7% in the first quarter. Tudor Investment Corp ET AL now owns 14,102 shares of the bank’s stock worth $240,000 after buying an additional 373 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake 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. BNP Paribas Arbitrage SA boosted its stake in shares of Oritani Financial Corp. by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,063 shares of the bank’s stock worth $137,000 after buying an additional 405 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Oritani Financial Corp. by 2.6% in the first quarter. Arizona State Retirement System now owns 20,102 shares of the bank’s stock worth $342,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Shares of Oritani Financial Corp. (NASDAQ:ORIT) opened at 16.00 on Monday. The firm has a market capitalization of $660.78 million, a PE ratio of 14.55 and a beta of 0.33. The stock’s 50 day moving average price is $16.72 and its 200-day moving average price is $16.88. Oritani Financial Corp. has a 12 month low of $15.35 and a 12 month high of $19.00.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, August 3rd. Oritani Financial Corp.’s payout ratio is 63.64%.

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A number of analysts have recently weighed in on the company. ValuEngine cut Oritani Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $17.00 price target on shares of Oritani Financial Corp. in a research report on Thursday, August 3rd. Finally, BidaskClub cut Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

In other news, EVP Thomas Guinan sold 71,478 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $16.29, for a total value of $1,164,376.62. Following the transaction, the executive vice president now directly owns 135,204 shares of the company’s stock, valued at approximately $2,202,473.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Philip Wyks sold 10,000 shares of the business’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 value of $166,700.00. Following the completion of the transaction, the senior vice president now directly owns 26,698 shares in the company, valued at $445,055.66. The disclosure for this sale can be found here. Insiders have sold 156,485 shares of company stock worth $2,602,441 over the last ninety days. Company insiders own 15.27% of the company’s stock.

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.

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

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