Robeco Institutional Asset Management B.V. raised its holdings in shares of Oritani Financial Corp. (NASDAQ:ORIT) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,385 shares of the bank’s stock after buying an additional 37,058 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.77% of Oritani Financial worth $5,558,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in shares of Oritani Financial in the 3rd quarter worth about $124,000. Piedmont Investment Advisors LLC purchased a new position in shares of Oritani Financial in the 2nd quarter worth about $150,000. Lyell Wealth Management LP purchased a new position in shares of Oritani Financial in the 2nd quarter worth about $186,000. Barclays PLC boosted its holdings in shares of Oritani Financial by 120.0% in the 1st quarter. Barclays PLC now owns 13,805 shares of the bank’s stock worth $212,000 after purchasing an additional 7,530 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Oritani Financial by 118.8% in the 2nd quarter. SG Americas Securities LLC now owns 14,782 shares of the bank’s stock worth $239,000 after purchasing an additional 8,025 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.
A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Oritani Financial from a “sell” rating to a “hold” rating in a report on Friday, August 17th. BidaskClub cut Oritani Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th.
ORIT opened at $14.86 on Friday. Oritani Financial Corp. has a 12-month low of $14.24 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.21 and a quick ratio of 1.23. The stock has a market capitalization of $692.77 million, a PE ratio of 12.49 and a beta of 0.46.
Oritani Financial (NASDAQ:ORIT) last issued its earnings results on Monday, October 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $27.12 million for the quarter, compared to analysts’ expectations of $27.50 million. Oritani Financial had a net margin of 28.23% and a return on equity of 9.57%. As a group, equities research analysts expect that Oritani Financial Corp. will post 1.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Friday, November 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.73%. The ex-dividend date is Thursday, November 8th. Oritani Financial’s dividend payout ratio is presently 86.96%.
About Oritani Financial
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.
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