Oritani Financial Corp. (ORIT) Earns Media Sentiment Rating of 0.10
Media coverage about Oritani Financial Corp. (NASDAQ:ORIT) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oritani Financial Corp. earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.9846456700791 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities research analysts have recently issued reports on the company. ValuEngine raised Oritani Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub cut Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. FIG Partners reaffirmed a “market-perform” rating on shares of Oritani Financial Corp. in a report on Thursday, October 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $17.00 target price on shares of Oritani Financial Corp. in a report on Thursday, August 3rd.
Shares of Oritani Financial Corp. (ORIT) traded down $0.07 during mid-day trading on Friday, hitting $16.65. The stock had a trading volume of 82,146 shares, compared to its average volume of 177,021. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $768.83, a P/E ratio of 12.43 and a beta of 0.34.
Oritani Financial Corp. (NASDAQ:ORIT) last issued its earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Oritani Financial Corp. had a return on equity of 10.73% and a net margin of 31.03%. The firm had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $28.30 million. research analysts expect that Oritani Financial Corp. will post 1.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.70 annualized dividend and a yield of 4.20%. Oritani Financial Corp.’s payout ratio is currently 61.95%.
In other Oritani Financial Corp. news, EVP Thomas Guinan sold 23,007 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $16.16, for a total transaction of $371,793.12. Following the sale, the executive vice president now directly owns 108,211 shares of the company’s stock, valued at $1,748,689.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 119,492 shares of company stock worth $1,943,034 over the last three months. 12.12% of the stock is currently owned by insiders.
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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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