First Trust Advisors LP raised its holdings in Oritani Financial Corp. (NASDAQ:ORIT) by 50.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,194 shares of the bank’s stock after purchasing an additional 57,919 shares during the period. First Trust Advisors LP owned 0.39% of Oritani Financial Corp. worth $2,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Texas Permanent School Fund increased its stake in shares of Oritani Financial Corp. by 0.9% in the second quarter. Texas Permanent School Fund now owns 28,136 shares of the bank’s stock worth $480,000 after purchasing an additional 243 shares in the last quarter. Tudor Investment Corp ET AL increased 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 purchasing an additional 373 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Oritani Financial Corp. by 2.4% in the second quarter. Schroder Investment Management Group now owns 29,136 shares of the bank’s stock worth $501,000 after purchasing an additional 669 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Oritani Financial Corp. by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 21,790 shares of the bank’s stock worth $370,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its stake in shares of Oritani Financial Corp. by 5.6% in the second quarter. Pinebridge Investments L.P. now owns 25,495 shares of the bank’s stock worth $435,000 after purchasing an additional 1,361 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

Several equities analysts have recently weighed in on the stock. FIG Partners reiterated a “market-perform” rating on shares of Oritani Financial Corp. in a research note on Thursday, October 26th. ValuEngine upgraded shares of Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $17.00 target price on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Oritani Financial Corp. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.

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In other Oritani Financial Corp. news, EVP Thomas Guinan sold 23,007 shares of Oritani Financial Corp. stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $16.16, for a total transaction of $371,793.12. Following the completion of the sale, the executive vice president now directly owns 108,211 shares in the company, valued at $1,748,689.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 12.12% of the company’s stock.

Oritani Financial Corp. (NASDAQ ORIT) opened at $16.75 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.23 and a quick ratio of 1.23. Oritani Financial Corp. has a 1 year low of $15.30 and a 1 year high of $19.00. The company has a market cap of $772.87, a P/E ratio of 12.46 and a beta of 0.34.

Oritani Financial Corp. (NASDAQ:ORIT) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Oritani Financial Corp. had a net margin of 31.03% and a return on equity of 10.73%. The company had revenue of $28.59 million during the quarter, compared to analyst estimates of $28.30 million. analysts predict that Oritani Financial Corp. will post 1.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.18%. Oritani Financial Corp.’s dividend payout ratio (DPR) is currently 61.95%.

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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