Oritani Financial Corp. (NASDAQ:ORIT) EVP Thomas Guinan sold 71,478 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $16.29, for a total transaction of $1,164,376.62. Following the transaction, the executive vice president now directly owns 135,204 shares of the company’s stock, valued at $2,202,473.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Oritani Financial Corp. (NASDAQ ORIT) remained flat at $16.15 during mid-day trading on Wednesday. 213,652 shares of the company traded hands. Oritani Financial Corp. has a one year low of $15.35 and a one year high of $19.00. The stock’s 50 day moving average price is $16.82 and its 200 day moving average price is $16.90. The company has a market cap of $666.98 million, a P/E ratio of 14.68 and a beta of 0.33.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be paid a $0.175 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.33%. Oritani Financial Corp.’s dividend payout ratio is presently 63.64%.

ILLEGAL ACTIVITY NOTICE: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/08/16/insider-selling-oritani-financial-corp-orit-evp-sells-71478-shares-of-stock.html.

A number of research analysts have recently weighed in on ORIT shares. ValuEngine downgraded shares of Oritani Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $17.00 price target on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd.

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Oritani Financial Corp. during the fourth quarter valued at about $10,303,000. Vanguard Group Inc. raised its stake in shares of Oritani Financial Corp. by 8.1% in the first quarter. Vanguard Group Inc. now owns 3,964,084 shares of the bank’s stock valued at $67,390,000 after buying an additional 296,772 shares during the period. Renaissance Technologies LLC raised its stake in shares of Oritani Financial Corp. by 13.0% in the first quarter. Renaissance Technologies LLC now owns 1,690,425 shares of the bank’s stock valued at $28,737,000 after buying an additional 195,100 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Oritani Financial Corp. by 7.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,902,872 shares of the bank’s stock valued at $49,494,000 after buying an additional 192,160 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Oritani Financial Corp. by 781.8% in the first quarter. Citadel Advisors LLC now owns 132,871 shares of the bank’s stock valued at $2,259,000 after buying an additional 117,802 shares during the period. Institutional investors own 64.35% 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.

Insider Buying and Selling by Quarter for Oritani Financial Corp. (NASDAQ:ORIT)

Receive News & Ratings for Oritani Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oritani Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.