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Last $14.90 USD
Change Today -0.07 / -0.47%
Volume 84.0K
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

oritani financial corp (ORIT) Key Developments

Oritani Financial Corp. to Report Q4, 2015 Results on Jul 27, 2015

Oritani Financial Corp. announced that they will report Q4, 2015 results on Jul 27, 2015

Oritani Financial Corp. Declares Quarterly Dividend, Payable on August 21, 2015

Oritani Financial Corp. reported that its Board of Directors declared a $0.175 quarterly cash dividend on the company's common stock. The record date for the dividend will be August 7, 2015 and the payment date will be August 21, 2015.

Oritani Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2015

Oritani Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2015. For the quarter, the company reported net income of $15.7 million, or $0.37 per diluted share against net income of $10.0 million, or $0.23 per basic and diluted share for the three months ended June 30, 2014. Total interest income was $32.5 million against $31.8 million last year. Net interest income before provision for loan losses was $23.9 million against $23.8 million last year. Income before income tax expense was $24.7 million against $15.1 million last year. For the year, net income was $46.9 million, or $1.10 per diluted share against net income of $41.1 million, or $0.94 per diluted share for the twelve months ended June 30, 2014. Total interest income was $131.8 million against $128.2 million last year. Net interest income before provision for loan losses was $96.8 million against $97.1 million last year. Income before income tax expense was $73.1 million against $62.5 million last year. Return on average assets for the year was 1.44%. The primary causes of the increased net income in the 2015 periods were due to gains on sales. A $9.6 million pretax gain on the sale of an investment in real estate is included in the results for both the three and twelve months ended June 30, 2015. In addition, a $2.0 million pretax gain on the sale of a joint venture real estate interest is included in the results for the twelve months ended June 30, 2015. The gains are partially offset by increased taxes and an increased effective tax rate.

Oritani Financial Corp. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 08:30 AM

Oritani Financial Corp. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 08:30 AM. Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: John M. Fields, Chief Financial Officer, Executive Vice President, Chief Financial Officer of Oritani Saving Bank and Executive Vice President of Oritani Saving Bank, Kevin J. Lynch, Chairman, Chief Executive Officer, President, Chairman of Oritani Saving Bank, Chief Executive Officer of Oritani Saving Bank and President of Oritani Saving Bank.

Oritani Financial Corp. Declares Quarterly Cash Dividend, Payable on May 15, 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Reports Loans Charged Off for the Third Quarter Ended March 31, 2015

OOritani Financial Corp. declared a $0.175 quarterly cash dividend on the company's common stock. The record date for the dividend will be May 1, 2015 and the payment date will be May 15, 2015. The company reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported total interest income of $33,233,000 against $32,194,000 a year ago. Net interest income before provision for loan losses was $23,815,000 against $24,462,000 a year ago. Income before income tax expense was $17,184,000 against $15,531,000 a year ago. Net income was $10,957,000 or $0.26 per basic and diluted share against $10,739,000 or $0.25 per basic and diluted share a year ago. A primary cause of the increased net income in 2015 was a $2.0 million pretax gain on the sale of a joint venture real estate interest. The gain was largely offset by an increased effective tax rate. For the nine months, the company reported total interest income of $99,265,000 against $96,469,000 a year ago. Net interest income before provision for loan losses was $72,829,000 against $73,367,000 a year ago. Income before income tax expense was $48,420,000 against $47,417,000 a year ago. Net income was $31,164,000 or $0.73 per diluted share against $31,096,000 or $0.71 per diluted share a year ago. For the quarter, the company reported loans charged off of $377,000 against $455,000 a year ago.

 

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Valuation ORIT Industry Range
Price/Earnings 13.7x
Price/Sales 5.4x
Price/Book 1.2x
Price/Cash Flow 14.1x
TEV/Sales NM Not Meaningful
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