Oritani Financial Corp. (NASDAQ:ORIT) is expected to pay $0.18 on Nov 18, 2016. The indicated annual dividend is $0.70. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Oritani Financial Corp.’s current price of $15.65, the dividend is 1.12%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 26, 2016. The stock decreased 0.32% or $0.05 on October 31, hitting $15.65. Oritani Financial Corp. (NASDAQ:ORIT) has declined 9.06% since March 30, 2016 and is downtrending. It has underperformed by 12.08% the S&P500.
Oritani Financial Corp. is a holding firm for Oritani Bank . The company has a market cap of $704.94 million. The Bank offers a range of retail and commercial loan and deposit products. It has a 13.48 P/E ratio. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic.
Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.46, from 1.5 in 2016Q1. The ratio dived, as 6 funds sold all Oritani Financial Corp. shares owned while 49 reduced positions. 15 funds bought stakes while 42 increased positions. They now own 27.05 million shares or 2.79% less from 27.82 million shares in 2016Q1.
Texas Permanent School Fund, a Texas-based fund reported 29,323 shares. Babson Mgmt Limited Liability Corp accumulated 31,700 shares or 0.01% of the stock. Fund Mngmt holds 0% or 17,500 shares in its portfolio. First Citizens National Bank And Tru Com, a North Carolina-based fund reported 21,747 shares. Arizona State Retirement Sys last reported 19,902 shares in the company. Bank & Trust Of America De last reported 0% of its portfolio in the stock. Morgan Stanley owns 130,752 shares or 0% of their US portfolio. Bokf Na last reported 153,441 shares in the company. Invesco accumulated 487,532 shares or 0% of the stock. Schwab Charles, a California-based fund reported 147,347 shares. Teachers Advsrs Inc accumulated 0.02% or 571,919 shares. Clarivest Asset Management Limited Liability Company reported 12,189 shares or 0.01% of all its holdings. Td Asset Mgmt last reported 171,000 shares in the company. Tiaa Cref Inv Mngmt Lc has invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Prudential Finance holds 0.01% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT) for 364,385 shares.
Oritani Financial Corp. (NASDAQ:ORIT) Ratings Coverage
Out of 4 analysts covering Oritani Financial Corp (NASDAQ:ORIT), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Oritani Financial Corp has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Zacks upgraded Oritani Financial Corp. (NASDAQ:ORIT) on Tuesday, August 11 to “Hold” rating. The firm has “Neutral” rating by Piper Jaffray given on Thursday, April 14. The stock has “Hold” rating given by Sandler O’Neill on Tuesday, October 27.
More news for Oritani Financial Corp. (NASDAQ:ORIT) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 22, 2009. Nasdaq.com‘s article titled: “Oritani Financial Corp. Announces the Election of John M. Fields, Jr. to …” and published on September 20, 2016 is yet another important article.
ORIT Company Profile
Oritani Financial Corp., incorporated on March 3, 2010, is a holding firm 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. As of March 31, 2016, the Bank’s net loans were $3,017.74 million. The Company’s investment securities are classified as held to maturity, including mortgage-backed securities, and available for sale, including equity securities and mortgage-backed securities. As of March 31, 2016, the Bank’s securities held to maturity were $152 million and securities available for sale were $215.86 million. The Company’s deposits include checking (non-interest and interest-bearing demand deposits), money market deposit accounts, savings accounts and time deposits. As of March 31, 2016, the Company’s total deposits were $2,224.6 million.
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