Oritani Financial Corp. (ORIT) Sees Unusually-High Trading Volume
Oritani Financial Corp. (NASDAQ:ORIT) saw unusually-high trading volume on Tuesday . Approximately 282,878 shares changed hands during mid-day 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 stock has a 50-day moving average of $16.16 and a 200 day moving average of $16.55. The stock has a market capitalization of $693.61 million and a PE ratio of 13.47.
Oritani Financial Corp. (NASDAQ:ORIT) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. On average, equities analysts anticipate that Oritani Financial Corp. will post $0.92 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were paid a dividend of $0.175 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.70 annualized dividend and a yield of 4.29%.
In other news, CFO John M. Fields, Jr. sold 23,619 shares of the company’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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.