Oritani Financial Corp. (ORIT) Sees Unusually-High Trading Volume
Oritani Financial Corp. (NASDAQ:ORIT) saw strong trading volume on Tuesday . 163,853 shares changed hands during trading, an increase of 13% from the previous session’s volume of 144,836 shares.The stock last traded at $15.93 and had previously closed at $15.90.
The stock has a market cap of $677.02 million and a price-to-earnings ratio of 13.15. The firm’s 50 day moving average is $16.15 and its 200-day moving average is $16.52.
Oritani Financial Corp. (NASDAQ:ORIT) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Analysts forecast that Oritani Financial Corp. will post $0.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Wednesday, August 3rd.
In other Oritani Financial Corp. news, CFO John M. Fields, Jr. sold 23,619 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $16.53, for a total transaction of $390,422.07. Following the transaction, the chief financial officer now owns 294,620 shares of the company’s stock, valued at $4,870,068.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
An institutional investor recently bought a new position in Oritani Financial Corp. stock. Matarin Capital Management LLC acquired a new stake in Oritani Financial Corp. (NASDAQ:ORIT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 110,526 shares of the company’s stock, valued at approximately $1,824,000. Matarin Capital Management LLC owned 0.26% of Oritani Financial Corp. as of its most recent SEC filing.
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.