Oritani Financial Corp. (NASDAQ:ORIT) CFO John M. Fields, Jr. sold 57,609 shares of Oritani Financial Corp. stock in a transaction on Monday, November 28th. The shares were sold at an average price of $17.70, for a total value of $1,019,679.30. Following the completion of the transaction, the chief financial officer now owns 340,934 shares of the company’s stock, valued at $6,034,531.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Oritani Financial Corp. (NASDAQ:ORIT) opened at 17.75 on Wednesday. Oritani Financial Corp. has a 12 month low of $14.95 and a 12 month high of $18.00. The stock has a market capitalization of $759.26 million, a PE ratio of 15.45 and a beta of 0.41. The stock has a 50 day moving average price of $16.29 and a 200 day moving average price of $16.15.

Oritani Financial Corp. (NASDAQ:ORIT) last issued its earnings results on Wednesday, October 26th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Oritani Financial Corp. had a return on equity of 9.21% and a net margin of 27.92%. On average, equities research analysts forecast that Oritani Financial Corp. will post $0.96 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Oritani Financial Corp. (NASDAQ:ORIT)

The firm also recently announced a special dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a yield of 3.89%. Oritani Financial Corp.’s dividend payout ratio is 62.50%.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be accessed at http://www.dailypolitical.com/2016/11/30/oritani-financial-corp-orit-cfo-john-m-fields-jr-sells-57609-shares.html.

A number of hedge funds have recently modified their holdings of ORIT. Panagora Asset Management Inc. increased its stake in shares of Oritani Financial Corp. by 104.2% in the third quarter. Panagora Asset Management Inc. now owns 22,093 shares of the company’s stock valued at $347,000 after buying an additional 11,274 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Oritani Financial Corp. by 39.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 108,991 shares of the company’s stock valued at $1,713,000 after buying an additional 30,655 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Oritani Financial Corp. during the third quarter valued at approximately $6,386,000. Analytic Investors LLC acquired a new stake in shares of Oritani Financial Corp. during the third quarter valued at approximately $302,000. Finally, Two Sigma Advisers LP increased its stake in shares of Oritani Financial Corp. by 37.9% in the third quarter. Two Sigma Advisers LP now owns 172,586 shares of the company’s stock valued at $2,713,000 after buying an additional 47,397 shares in the last quarter. Institutional investors and hedge funds own 60.94% 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.

5 Day Chart for NASDAQ:ORIT

Receive News & Ratings for Oritani Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oritani Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.