Last $15.88 USD
Change Today +0.01 / 0.06%
Volume 82.7K
ORIT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/20/13 All times are local (Market data is delayed by at least 15 minutes).

oritani financial corp (ORIT) Snapshot

Open
$15.85
Previous Close
$15.87
Day High
$15.95
Day Low
$15.80
52 Week High
01/24/13 - $16.10
52 Week Low
06/1/12 - $12.91
Market Cap
720.5M
Average Volume 10 Days
90.4K
EPS TTM
$0.84
Shares Outstanding
45.4M
EX-Date
05/1/13
P/E TM
18.9x
Dividend
$0.70
Dividend Yield
6.45%
Current Stock Chart for ORITANI FINANCIAL CORP (ORIT)

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oritani financial corp (ORIT) Details

Oritani Financial Corp. operates as the holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in New Jersey. It offers a range of deposit products, including demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The company also provides various loan products comprising one to four family residential mortgage loans, non-residential commercial real estate mortgage loans and loans on multifamily dwellings, second mortgage and equity loans, home equity lines of credit, construction loans, and consumer loans; and other loans consisting of business loans secured by cash and other business assets, account loans, and commercial line of credit loans. In addition, it provides investment securities, as well as engages in various real estate investment activities. As of July 25, 2012, the company operated 24 full service branches in Bergen, Hudson, Essex, and Passaic counties of New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in the Township of Washington, New Jersey.

161 Employees
Last Reported Date: 09/12/12
Founded in 1911

oritani financial corp (ORIT) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $592.1K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $247.4K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $294.6K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $244.7K
Senior Vice President, Secretary, Senior Vice...
Total Annual Compensation: $190.9K
Compensation as of Fiscal Year 2012.

oritani financial corp (ORIT) Key Developments

Oritani Financial Corp. Presents at Bank Director Growth Conference, May-01-2013 09:00 AM

Oritani Financial Corp. Presents at Bank Director Growth Conference, May-01-2013 09:00 AM. Venue: The Ritz-Carlton New Orleans, 921 Canal Street, New Orleans, LA 70112, United States. Speakers: Kevin J. Lynch, Chairman, Chief Executive Officer, President, Chairman of Oritani Saving Bank, Chief Executive Officer of Oritani Saving Bank and President of Oritani Saving Bank.

Oritani Financial Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Declares Quarterly Cash Dividend, Payable on May 17, 2013

Oritani Financial Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company reported net income of $9.9 million, or $0.23 per basic and diluted common share, for the three months ended March 31, 2013 compared to net income of $8.4 million, or $0.20 per basic and diluted common share reported in the same period last year. The primary causes of the increased net income in the 2013 periods were increased net interest income and decreased provision for loan losses, partially offset by decreased other income and increased other expenses. Income before income tax expense was $15.8 million against $13.5 million reported last year. Total interest income was $32.6 million against $30.5 million and net interest income was $24.7 million against $20.8 million reported last year. The company reported net income of $27.9 million, or $0.66 per basic and $0.65 diluted common share for the nine months ended March 31, 2013 compared to net income of $23.4 million, or $0.53 per basic and $0.52 diluted common share, for the nine months ended March 31, 2012. Income before income tax expense was $44.4 million against $36.6 million reported last year. Total interest income was $96.0 million against $90.8 million and net interest income was $70 million against $58.3 million reported last year. The board of directors of the company declared a $0.175 quarterly cash dividend on the company's common stock. The record date for the dividend will be May 3, 2013 and the payment date will be May 17, 2013. The $0.175 per share dividend represents a 16.7% increase over the company previous rate of $0.15 per share.

Oritani Financial Corp. Presents at Keefe, Bruyette, & Woods, Inc.'s Boston Bank Conference, Feb-28-2013 10:00 AM

Oritani Financial Corp. Presents at Keefe, Bruyette, & Woods, Inc.'s Boston Bank Conference, Feb-28-2013 10:00 AM. Venue: Langham Hotel, 250 Franklin Street, Boston, MA 02110, United States.

 

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Industry Analysis

ORIT

Industry Average

Valuation ORIT Industry Range
Price/Earnings 18.8x
Price/Sales 7.0x
Price/Book 1.3x
Price/Cash Flow 19.9x
TEV/Sales NM Not Meaningful
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