BidaskClub lowered shares of Oritani Financial (NASDAQ:ORIT) from a buy rating to a hold rating in a research note released on Saturday, BidAskClub reports.

Separately, ValuEngine lowered Oritani Financial from a hold rating to a sell rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Oritani Financial currently has an average rating of Hold and a consensus target price of $19.00.

ORIT stock traded up $0.08 during mid-day trading on Friday, reaching $18.99. The company had a trading volume of 338,258 shares, compared to its average volume of 224,881. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $861.98 million, a price-to-earnings ratio of 16.09 and a beta of 0.69. The firm has a fifty day simple moving average of $18.46 and a 200 day simple moving average of $17.42. Oritani Financial has a fifty-two week low of $14.07 and a fifty-two week high of $19.50.

Oritani Financial (NASDAQ:ORIT) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $25.47 million for the quarter. Oritani Financial had a return on equity of 9.63% and a net margin of 31.46%.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 3.79%. This is a positive change from Oritani Financial’s previous quarterly dividend of $0.18. Oritani Financial’s dividend payout ratio (DPR) is currently 61.02%.

Hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc purchased a new position in shares of Oritani Financial in the 2nd quarter valued at about $27,000. Nisa Investment Advisors LLC increased its holdings in shares of Oritani Financial by 136.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,800 shares of the bank’s stock valued at $209,000 after acquiring an additional 6,800 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Oritani Financial by 61.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 12,798 shares of the bank’s stock valued at $227,000 after acquiring an additional 4,863 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Oritani Financial by 32.7% in the 2nd quarter. Bank of Montreal Can now owns 13,450 shares of the bank’s stock valued at $238,000 after acquiring an additional 3,318 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Oritani Financial in the 2nd quarter valued at about $260,000. 67.92% of the stock is currently owned by institutional investors.

Oritani Financial Company Profile

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers. The company accepts a range of deposit products, such as non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits.

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