Oritani Financial Corp. (NASDAQ:ORIT) declared a quarterly dividend on Thursday, April 26th, Wall Street Journal reports. Stockholders of record on Friday, May 4th will be given a dividend of 0.25 per share by the bank on Friday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Thursday, May 3rd.

Shares of NASDAQ ORIT opened at $15.50 on Friday. The stock has a market capitalization of $715.66, a P/E ratio of 13.67 and a beta of 0.41. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.99. Oritani Financial has a 52-week low of $15.05 and a 52-week high of $17.75.

Oritani Financial (NASDAQ:ORIT) last announced its earnings results on Monday, January 29th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $28.19 million during the quarter, compared to analysts’ expectations of $28.80 million. Oritani Financial had a return on equity of 9.01% and a net margin of 22.22%. research analysts forecast that Oritani Financial will post 1.08 earnings per share for the current fiscal year.

In other Oritani Financial news, SVP Philip Wyks sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $15.95, for a total transaction of $159,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert S. Hekemian, Jr. sold 11,334 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $16.00, for a total value of $181,344.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,247 shares of company stock valued at $7,129,174. Insiders own 12.12% of the company’s stock.

ORIT has been the subject of a number of research analyst reports. BidaskClub raised Oritani Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Sandler O’Neill reissued a “hold” rating and issued a $16.50 target price on shares of Oritani Financial in a research report on Monday, March 26th. Finally, ValuEngine cut Oritani Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $16.75.

About Oritani Financial

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers in the United States. It accepts a range of deposit products, including non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits.

Dividend History for Oritani Financial (NASDAQ:ORIT)

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