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Last $16.05 USD
Change Today -0.01 / -0.06%
Volume 216.6K
ORIT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

oritani financial corp (ORIT) Snapshot

Open
$16.20
Previous Close
$16.06
Day High
$16.41
Day Low
$16.04
52 Week High
06/30/15 - $16.41
52 Week Low
10/10/14 - $13.46
Market Cap
706.2M
Average Volume 10 Days
310.5K
EPS TTM
$0.94
Shares Outstanding
44.0M
EX-Date
04/29/15
P/E TM
17.1x
Dividend
$0.70
Dividend Yield
5.92%
Current Stock Chart for ORITANI FINANCIAL CORP (ORIT)

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oritani financial corp (ORIT) Details

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in the United States. It offers a range of deposit products, including non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The company provides multifamily loans that consists of mortgage loans secured by apartment buildings; commercial real estate loans comprising mortgage loans secured by commercial offices, retail space, warehouses, and mixed-use buildings; residential real estate mortgage loans, such as one to four family residential real property and consumer loans; and construction loans, which include one to four family and commercial development project loans. Its loan products also include second mortgage and equity loans; home equity lines of credit; and other loans, including business loans secured by cash and other business assets, account loans, and commercial line of credit loans. In addition, the company invests in securities and real estate properties. As of June 30, 2014, it operates 24 full service branches in Bergen, Hudson, Essex, and Passaic counties, New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in Township of Washington, New Jersey.

175 Employees
Last Reported Date: 09/15/14
Founded in 1911

oritani financial corp (ORIT) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $651.7K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $296.2K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $313.2K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $290.4K
Senior Vice President, Secretary, Senior Vice...
Total Annual Compensation: $190.9K
Compensation as of Fiscal Year 2014.

oritani financial corp (ORIT) Key Developments

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.

Oritani Financial Corp. Presents at FIG Partners 6th Annual West Coast CEO Forum, Feb-04-2015

Oritani Financial Corp. Presents at FIG Partners 6th Annual West Coast CEO Forum, Feb-04-2015 . Venue: Palace Hotel, San Francisco, California, United States.

Oritani Financial Corp. Declares Quarterly Cash Dividend on Common Stock, Payable on February 20, 2015; Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 31, 2014

Oritani Financial Corp. declared a $0.175 quarterly cash dividend on the company's common stock. The record date for the dividend will be February 6, 2015 and the payment date will be February 20, 2015. The company announced unaudited consolidated earnings results for second quarter and six months ended December 31, 2014. For the quarter, the company reported total interest income of $33,663,000, net interest income after provision for loan losses of $25,064,000, income before income tax expense of $15,536,000, net income of $10,046,000 or $0.24 per diluted share compared to the total interest income of $32,136,000, net interest income after provision for loan losses of $24,112,000, income before income tax expense of $15,600,000, net income of $9,983,000 or $0.23 per diluted share for the same quarter a year ago. For the year to date, the company reported total interest income of $66,032,000, net interest income after provision for loan losses of $48,814,000, income before income tax expense of $31,236,000, net income of $20,207,000 or $0.47 compared to the total interest income of $64,275,000, net interest income after provision for loan losses of $48,405,000, income before income tax expense of $31,886,000, net income of $20,357,000 or $0.47 for the same period a year ago.

 

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Industry Analysis

ORIT

Industry Average

Valuation ORIT Industry Range
Price/Earnings 16.8x
Price/Sales 6.3x
Price/Book 1.3x
Price/Cash Flow 17.2x
TEV/Sales NM Not Meaningful
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