Teachers Retirement System of The State of Kentucky held its position in Oritani Financial Corp. (NASDAQ:ORIT) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,000 shares of the bank’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Oritani Financial Corp. were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORIT. Driehaus Capital Management LLC raised its position in Oritani Financial Corp. by 3.4% in the first quarter. Driehaus Capital Management LLC now owns 375,789 shares of the bank’s stock valued at $6,388,000 after buying an additional 12,304 shares in the last quarter. Tudor Investment Corp ET AL raised its position in Oritani Financial Corp. by 2.7% in the first quarter. Tudor Investment Corp ET AL now owns 14,102 shares of the bank’s stock valued at $240,000 after buying an additional 373 shares in the last quarter. State Street Corp raised its position in Oritani Financial Corp. by 10.9% in the first quarter. State Street Corp now owns 1,197,925 shares of the bank’s stock valued at $20,363,000 after buying an additional 117,729 shares in the last quarter. Bank of America Corp DE raised its position in Oritani Financial Corp. by 40.2% in the first quarter. Bank of America Corp DE now owns 98,825 shares of the bank’s stock valued at $1,680,000 after buying an additional 28,324 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Oritani Financial Corp. by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 163,731 shares of the bank’s stock valued at $2,784,000 after buying an additional 9,021 shares in the last quarter. Institutional investors own 64.18% of the company’s stock.

Oritani Financial Corp. (NASDAQ:ORIT) traded down 0.152% on Wednesday, hitting $16.375. 27,707 shares of the stock traded hands. Oritani Financial Corp. has a 52 week low of $15.35 and a 52 week high of $19.00. The stock has a 50 day moving average of $16.96 and a 200 day moving average of $16.96. The firm has a market capitalization of $676.27 million, a PE ratio of 14.886 and a beta of 0.33.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, August 3rd. Oritani Financial Corp.’s dividend payout ratio is 63.64%.

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Several research firms have recently weighed in on ORIT. Piper Jaffray Companies restated a “hold” rating and set a $17.00 price objective on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th.

In other Oritani Financial Corp. news, SVP Philip Wyks sold 10,000 shares of Oritani Financial Corp. stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $16.67, for a total value of $166,700.00. Following the sale, the senior vice president now owns 26,698 shares of the company’s stock, valued at $445,055.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Guinan sold 59,772 shares of Oritani Financial Corp. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $16.85, for a total transaction of $1,007,158.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,772 shares of company stock worth $2,038,358. Insiders own 15.27% of the company’s stock.

About Oritani Financial Corp.

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

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