Oritani Financial Corp. (ORIT) Earns Media Sentiment Score of 0.23
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 0.23 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.8561006596383 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 brokerages have recently issued reports on ORIT. 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. ValuEngine cut Oritani Financial Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised Oritani Financial Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.
Shares of Oritani Financial Corp. (NASDAQ:ORIT) opened at 15.80 on Thursday. The company has a market capitalization of $652.52 million, a PE ratio of 14.36 and a beta of 0.33. Oritani Financial Corp. has a one year low of $15.35 and a one year high of $19.00. The stock has a 50 day moving average price of $16.57 and a 200 day moving average price of $16.84.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Thursday, August 3rd. Oritani Financial Corp.’s dividend payout ratio (DPR) is presently 63.64%.
In other Oritani Financial Corp. news, Director James J. Doyle, Jr. sold 50,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $17.29, for a total value of $864,500.00. Following the sale, the director now owns 290,000 shares of the company’s stock, valued at $5,014,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Guinan sold 25,007 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $16.27, for a total transaction of $406,863.89. Following the completion of the sale, the executive vice president now directly owns 110,211 shares in the company, valued at approximately $1,793,132.97. The disclosure for this sale can be found here. Insiders sold 169,492 shares of company stock worth $2,807,534 in the last ninety days. Insiders own 15.27% of the company’s stock.
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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.
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