Oritani Financial (ORIT) Stock Price, News & Analysis

Company Overview

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers. The company accepts a range of deposit products, such as non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. Its loan products include residential commercial real estate loans comprising mortgage loans secured by apartment buildings; commercial real estate loans, consisting of mortgage loans secured by retail anchor shopping centers, commercial offices, retail space, warehouses, and mixed-use buildings; residential real estate loans, such as one to four family residential real property and home equity loans; and second mortgage and equity loans, and home equity lines of credit, as well as construction loans. The company also invests in securities and real estate properties. As of June 30, 2018, it operated 25 full service branches in Bergen, Hudson, Essex, and Passaic counties, New Jersey; and lending offices in New York City and Cherry Hill, New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in Washington Township, New Jersey.

Key Stats

• Today's Range: $18.60 to $18.60
• 50-Day Range: $18.60 to $18.60
• 52-Week Range: $14.07 to $19.50
• Volume: 3,486 shs
• Average Volume: 230,803 shs
• Market Capitalization: $839.85 million
• P/E Ratio: 15.76
• Dividend Yield: 3.87%
• Price Target: N/A
• Consensus Rating: N/A

ORIT Stock Analysis - Frequently Asked Questions

How were Oritani Financial's earnings last quarter?

Oritani Financial Corp. (NASDAQ:ORIT) announced its earnings results on Thursday, October, 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The bank earned $25.47 million during the quarter. Oritani Financial had a net margin of 31.46% and a trailing twelve-month return on equity of 9.63%.

What other stocks do shareholders of Oritani Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Oritani Financial investors own include Esquire Financial (ESQ), Callon Petroleum (CPE), Range Resources (RRC), Alerian MLP ETF (AMLP), Northfield Bancorp, Inc. (Staten Island, NY) (NFBK), Aptiv (APTV) and Coeur Mining (CDE).

Company Calendar

• Last Earnings: 10/24/2019
• Today: 12/22/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State Commercial Banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:ORIT
• CUSIP: 68633D10
• CIK: 1483195
• Web: www.oritani.com
• Phone: 201-664-5400
• Fax: N/A
• Employees: 194
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.18
• Trailing P/E Ratio: 15.76
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $52.06 million
• Net Margins: 31.46%
• Pretax Margin: N/A
• Return on Equity: 9.63%
• Return on Assets: 1.26%

Debt

• Debt-to-Equity Ratio: 0.81
• Current Ratio: 1.18
• Quick Ratio: 1.18

Sales & Book Value

• Annual Sales: $160.51 million
• Price / Sales: 5.23
• Cash Flow: $1.14 per share
• Price / Cash Flow: 16.32
• Book Value: $11.74 per share
• Price / Book: 1.58

Miscellaneous

• Outstanding Shares: 45,153,000
• Free Float: N/A
• Market Cap: $839.85 million
• Optionable: Optionable
• Beta: 0.69