Oritani Financial (ORIT) Earning Somewhat Positive Media Coverage, Analysis Finds
News coverage about Oritani Financial (NASDAQ:ORIT) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oritani Financial earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.1365734244842 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
ORIT has been the subject of a number of research analyst reports. ValuEngine raised Oritani Financial from a “hold” rating to a “buy” rating in a research report on Friday. FIG Partners reissued a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th. Finally, BidaskClub raised Oritani Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
Shares of Oritani Financial (ORIT) opened at $17.20 on Friday. 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 has a 52-week low of $15.30 and a 52-week high of $19.00. The stock has a market capitalization of $796.02, a price-to-earnings ratio of 12.84 and a beta of 0.35.
Oritani Financial (NASDAQ:ORIT) last released its earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. Oritani Financial had a return on equity of 10.73% and a net margin of 31.03%. The business had revenue of $28.59 million during the quarter, compared to the consensus estimate of $28.30 million. equities analysts predict that Oritani Financial will post 1.02 EPS for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.45 dividend. This represents a yield of 4.17%. The ex-dividend date is Thursday, December 7th. Oritani Financial’s dividend payout ratio is currently 61.95%.
About Oritani Financial
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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