News articles about Oritani Financial Corp. (NASDAQ:ORIT) have been trending positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oritani Financial Corp. earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 96 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Oritani Financial Corp. (ORIT) remained flat at $16.40 during midday trading on Tuesday. The company had a trading volume of 178,634 shares. Oritani Financial Corp. has a 52-week low of $15.35 and a 52-week high of $19.00. The firm’s 50 day moving average price is $16.96 and its 200-day moving average price is $16.96. The stock has a market capitalization of $677.30 million, a price-to-earnings ratio of 14.91 and a beta of 0.33.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.27%. Oritani Financial Corp.’s payout ratio is 63.64%.
A number of equities analysts recently weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $17.00 price target on shares of Oritani Financial Corp. in a report on Thursday, August 3rd. BidaskClub lowered Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Finally, ValuEngine upgraded Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th.
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In other news, SVP Philip Wyks sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $16.67, for a total transaction of $166,700.00. Following the completion of the transaction, the senior vice president now directly owns 26,698 shares of the company’s stock, valued at approximately $445,055.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Guinan sold 59,772 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $16.85, for a total transaction of $1,007,158.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,772 shares of company stock valued at $2,276,358. Insiders own 15.27% of the company’s stock.
Oritani Financial Corp. Company Profile
Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.
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