Oritani Financial Corp. (ORIT) Sees Unusually-High Trading Volume
Oritani Financial Corp. (NASDAQ:ORIT) shares saw an uptick in trading volume on Tuesday . 163,853 shares changed hands during mid-day 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 firm’s 50 day moving average is $16.15 and its 200 day moving average is $16.53. The stock has a market cap of $677.87 million and a PE ratio of 13.17.
Oritani Financial Corp. (NASDAQ:ORIT) last announced 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. Equities analysts forecast that Oritani Financial Corp. will post $0.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.39%. 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 company’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $16.53, for a total value of $390,422.07. Following the transaction, the chief financial officer now directly owns 294,620 shares of the company’s stock, valued at approximately $4,870,068.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
A hedge fund recently bought a new stake in Oritani Financial Corp. stock. Matarin Capital Management LLC bought a new position in shares of Oritani Financial Corp. (NASDAQ:ORIT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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.