Oritani Financial Corp. (ORIT) Given Media Impact Score of 0.16
Media coverage about Oritani Financial Corp. (NASDAQ:ORIT) has been trending somewhat positive on Sunday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Oritani Financial Corp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.4675408496692 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have weighed in on ORIT shares. ValuEngine upgraded shares of Oritani Financial Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. Piper Jaffray Companies restated a “hold” rating and set a $17.00 target price on shares of Oritani Financial Corp. in a report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th.
Oritani Financial Corp. (NASDAQ:ORIT) traded down 0.31% during trading on Friday, reaching $16.15. 209,742 shares of the company’s stock traded hands. The company has a 50-day moving average of $16.86 and a 200 day moving average of $16.92. Oritani Financial Corp. has a 12 month low of $15.35 and a 12 month high of $19.00. The stock has a market capitalization of $666.98 million, a P/E ratio of 14.68 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 issued a dividend of $0.175 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 4.33%. Oritani Financial Corp.’s payout ratio is presently 63.64%.
In other Oritani Financial Corp. news, EVP Thomas Guinan sold 59,772 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Philip Wyks sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was 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 in the company, valued at approximately $445,055.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,772 shares of company stock worth $2,038,358. Corporate insiders own 15.27% of the company’s stock.
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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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