Oritani Financial Corp. (ORIT) Sees Strong Trading Volume
Oritani Financial Corp. (NASDAQ:ORIT) saw unusually-strong trading volume on Tuesday . Approximately 282,878 shares were traded during trading, an increase of 59% from the previous session’s volume of 178,314 shares.The stock last traded at $16.12 and had previously closed at $16.01.
The company has a market cap of $683.83 million and a PE ratio of 13.28. The stock’s 50 day moving average price is $16.15 and its 200 day moving average price is $16.54.
Oritani Financial Corp. (NASDAQ:ORIT) last issued its earnings results on Friday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. On average, analysts forecast that Oritani Financial Corp. will post $0.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Wednesday, August 3rd.
In other news, CFO John M. Fields, Jr. sold 23,619 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $16.53, for a total transaction of $390,422.07. Following the completion of the sale, the chief financial officer now directly owns 294,620 shares of the company’s stock, valued at $4,870,068.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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