Allianz Asset Management AG raised its stake in shares of Oritani Financial Corp. (NASDAQ:ORIT) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,914 shares of the company’s stock after buying an additional 4,612 shares during the period. Allianz Asset Management AG owned 0.12% of Oritani Financial Corp. worth $974,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of ORIT. Municipal Employees Retirement System of Michigan raised its stake in Oritani Financial Corp. by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,680 shares of the company’s stock valued at $215,000 after buying an additional 140 shares in the last quarter. Teton Advisors Inc. raised its stake in Oritani Financial Corp. by 3.0% in the fourth quarter. Teton Advisors Inc. now owns 57,692 shares of the company’s stock valued at $1,082,000 after buying an additional 1,700 shares in the last quarter. Comerica Bank raised its stake in Oritani Financial Corp. by 5.8% in the fourth quarter. Comerica Bank now owns 40,559 shares of the company’s stock valued at $720,000 after buying an additional 2,216 shares in the last quarter. Princeton Alpha Management LP raised its stake in Oritani Financial Corp. by 23.7% in the third quarter. Princeton Alpha Management LP now owns 13,620 shares of the company’s stock valued at $214,000 after buying an additional 2,608 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Oritani Financial Corp. by 10.4% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 43,657 shares of the company’s stock valued at $686,000 after buying an additional 4,111 shares in the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.

Institutional Ownership by Quarter for Oritani Financial Corp. (NASDAQ:ORIT)

Shares of Oritani Financial Corp. (NASDAQ:ORIT) opened at 16.85 on Tuesday. The stock has a 50 day moving average of $17.11 and a 200 day moving average of $16.89. Oritani Financial Corp. has a 12-month low of $15.27 and a 12-month high of $19.00. The company has a market cap of $724.94 million, a price-to-earnings ratio of 16.34 and a beta of 0.48.

Oritani Financial Corp. (NASDAQ:ORIT) last released its earnings results on Tuesday, January 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Oritani Financial Corp. had a net margin of 29.47% and a return on equity of 8.28%. Analysts forecast that Oritani Financial Corp. will post $0.99 earnings per share for the current year.

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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.

5 Day Chart for NASDAQ:ORIT

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