Oritani Financial Corp. (NASDAQ:ORIT) EVP Thomas Guinan sold 23,007 shares of Oritani Financial Corp. stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $16.16, for a total value of $371,793.12. Following the sale, the executive vice president now owns 108,211 shares of the company’s stock, valued at approximately $1,748,689.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Thomas Guinan also recently made the following trade(s):

  • On Thursday, August 17th, Thomas Guinan sold 25,007 shares of Oritani Financial Corp. stock. The stock was sold at an average price of $16.27, for a total value of $406,863.89.
  • On Tuesday, August 15th, Thomas Guinan sold 71,478 shares of Oritani Financial Corp. stock. The stock was sold at an average price of $16.29, for a total value of $1,164,376.62.

Oritani Financial Corp. (NASDAQ ORIT) traded down 0.93% during mid-day trading on Monday, reaching $16.05. The company had a trading volume of 125,561 shares. Oritani Financial Corp. has a 12 month low of $15.35 and a 12 month high of $19.00. The stock’s 50-day moving average is $16.57 and its 200 day moving average is $16.84. The firm has a market capitalization of $662.85 million, a P/E ratio of 14.59 and a beta of 0.33.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 4.36%. Oritani Financial Corp.’s dividend payout ratio is presently 63.64%.

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A number of analysts recently commented on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $17.00 price objective on shares of Oritani Financial Corp. in a research report on Thursday, August 3rd. ValuEngine cut Oritani Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Oritani Financial Corp. from a “strong sell” rating to a “sell” rating in a research report on Saturday.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Oritani Financial Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 4,018,352 shares of the bank’s stock valued at $68,514,000 after buying an additional 54,268 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Renaissance Technologies LLC raised its position in 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 in the last quarter. State Street Corp raised its position in Oritani Financial Corp. by 3.9% in the second quarter. State Street Corp now owns 1,244,149 shares of the bank’s stock valued at $21,214,000 after buying an additional 46,224 shares in the last quarter. Finally, Northern Trust Corp raised its position in Oritani Financial Corp. by 2.1% in the second quarter. Northern Trust Corp now owns 790,660 shares of the bank’s stock valued at $13,480,000 after buying an additional 16,468 shares in the last quarter. Hedge funds and other institutional investors own 63.77% 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)

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