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Last $15.75 USD
Change Today +0.16 / 1.03%
Volume 171.8K
ORIT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

oritani financial corp (ORIT) Snapshot

Open
$15.62
Previous Close
$15.59
Day High
$15.79
Day Low
$15.54
52 Week High
07/1/15 - $16.42
52 Week Low
10/10/14 - $13.46
Market Cap
693.0M
Average Volume 10 Days
204.5K
EPS TTM
$0.93
Shares Outstanding
44.0M
EX-Date
08/5/15
P/E TM
16.9x
Dividend
$0.70
Dividend Yield
6.03%
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.

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. 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.

 

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Industry Analysis

ORIT

Industry Average

Valuation ORIT Industry Range
Price/Earnings 14.2x
Price/Sales 5.6x
Price/Book 1.2x
Price/Cash Flow 14.6x
TEV/Sales NM Not Meaningful
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