Media stories about Oritani Financial Corp. (NASDAQ:ORIT) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oritani Financial Corp. earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.355512568083 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts recently issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $17.00 target price on shares of Oritani Financial Corp. in a research report on Thursday, August 3rd. BidaskClub downgraded Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, ValuEngine downgraded Oritani Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Oritani Financial Corp. (NASDAQ:ORIT) opened at 16.00 on Friday. The firm has a market capitalization of $660.78 million, a P/E ratio of 14.55 and a beta of 0.33. The company has a 50 day moving average price of $16.72 and a 200 day moving average price of $16.88. Oritani Financial Corp. has a 52-week low of $15.35 and a 52-week high of $19.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 4.38%. Oritani Financial Corp.’s dividend payout ratio is currently 63.64%.
In related news, EVP Thomas Guinan sold 25,007 shares of Oritani Financial Corp. stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $16.27, for a total transaction of $406,863.89. Following the sale, the executive vice president now directly owns 110,211 shares in the company, valued at approximately $1,793,132.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Doyle, Jr. sold 50,000 shares of Oritani Financial Corp. stock in a transaction on Monday, June 12th. The stock was sold at an average price of $17.29, for a total transaction of $864,500.00. Following the sale, the director now owns 290,000 shares in the company, valued at $5,014,100. The disclosure for this sale can be found here. Insiders have sold a total of 156,485 shares of company stock worth $2,602,441 over the last quarter. 15.27% of the stock is owned by company insiders.
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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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