Last $14.09 USD
Change Today +0.15 / 1.08%
Volume 85.9K
ORIT On Other Exchanges
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As of 2:01 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

oritani financial corp (ORIT) Key Developments

Oritani Financial Corp. Declares Quarterly Cash Dividend on Common Stock, Payable on November 21, 2014; Reports Unaudited Consolidated Earnings Results for the Three Months Ended September 30, 2014

Oritani Financial Corp. reported that its Board of Directors has declared a $0.175 quarterly cash dividend on the company's common stock. The record date for the dividend will be November 7, 2014 and the payment date will be November 21, 2014. Oritani Financial Corp. reported unaudited consolidated earnings results for the three months ended September 30, 2014. For the quarter, the company reported net income of $10.2 million compared to net income of $10.4 million for the corresponding 2013 period. Earnings per share were $0.24 per basic and diluted share in both periods. The primary cause of the slightly decreased net income was lower prepayment penalty income, partially offset by decreased tax expense. The company’s annualized return on average assets was 1.27% for the quarter ended September 30, 2014, and 1.47% for the quarter ended September 30, 2013. Total interest income was $32,369,000 compared to $32,139,000 for the same period of last year. Net interest income after provision for loan losses was $23,750,000 compared to $24,293,000 for the same period of last year. Income before income tax expense was $15,700,000 compared to $16,286,000 for the same period of last year.

Oritani Financial Corp. Presents at Raymond James 2014 U.S. Bank Conference, Sep-03-2014

Oritani Financial Corp. Presents at Raymond James 2014 U.S. Bank Conference, Sep-03-2014 . Venue: JW Marriott Chicago, Chicago, Illinois, United States.

Oritani Financial Corp. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Oritani Financial Corp. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

Oritani Financial Corp. Declares Quarterly Cash Dividend, Payable on August 22, 2014

Oritani Financial Corp. board of directors declared a $0.175 quarterly cash dividend on the company's common stock. The record date for the dividend will be August 8, 2014 and the payment date will be August 22, 2014.

Oritani Financial Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended June 30, 2014

Oritani Financial Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended June 30, 2014. For the quarter, the company reported total interest income of $31,757,000, net interest income after provision for loan losses of $23,756,000, income before income tax expense of $15,130,000, net income of $9,963,000 or $0.23 per diluted share compared to the total interest income of $31,219,000, net interest income after provision for loan losses of $23,623,000, income before income tax expense of $17,093,000, net income of $11,670,000 or $0.27 per diluted share for the same quarter a year ago. For the year, the company reported total interest income of $128,226,000, net interest income after provision for loan losses of $96,423,000, income before income tax expense of $62,547,000, net income of $41,059,000 or $0.94 per diluted share compared to the total interest income of $127,228,000, net interest income after provision for loan losses of $93,580,000, income before income tax expense of $61,523,000, net income of $39,544,000 or $0.92 per diluted share for the previous year.

 

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Price/Earnings 14.8x
Price/Sales 5.8x
Price/Book 1.2x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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