BidaskClub lowered shares of Oritani Financial (NASDAQ:ORIT) from a sell rating to a strong sell rating in a research note released on Tuesday.

ORIT has been the topic of several other research reports. FIG Partners restated a market-perform rating on shares of Oritani Financial in a research report on Thursday, October 26th. ValuEngine upgraded Oritani Financial from a hold rating to a buy rating in a research report on Friday, December 1st.

Shares of Oritani Financial (NASDAQ:ORIT) traded down $0.15 during mid-day trading on Tuesday, reaching $16.55. The company had a trading volume of 100,371 shares, compared to its average volume of 225,233. The firm has a market cap of $765.93, a PE ratio of 14.65 and a beta of 0.36. Oritani Financial has a 1 year low of $15.30 and a 1 year high of $17.85. 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 (NASDAQ:ORIT) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $28.30 million. Oritani Financial had a return on equity of 10.73% and a net margin of 31.03%. equities research analysts predict that Oritani Financial will post 1.02 earnings per share for the current year.

The business also recently declared a special dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.45 dividend. This represents a yield of 4.17%. The ex-dividend date of this dividend was Thursday, December 7th. Oritani Financial’s dividend payout ratio (DPR) is presently 61.95%.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in Oritani Financial during the 2nd quarter worth approximately $160,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Oritani Financial during the 3rd quarter worth approximately $185,000. BNP Paribas Arbitrage SA increased its position in Oritani Financial by 66.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,456 shares of the bank’s stock worth $229,000 after purchasing an additional 5,393 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Oritani Financial by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 14,460 shares of the bank’s stock worth $243,000 after purchasing an additional 5,360 shares during the period. Finally, Stevens Capital Management LP acquired a new position in Oritani Financial during the 2nd quarter worth approximately $253,000. Hedge funds and other institutional investors own 62.03% of the company’s stock.

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Oritani Financial 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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