Shares of Oritani Financial Corp. (NASDAQ:ORIT) have received a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price target of $17.25 for the company and are forecasting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Oritani Financial an industry rank of 114 out of 265 based on the ratings given to related companies.

A number of equities research analysts recently weighed in on ORIT shares. BidaskClub upgraded Oritani Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine lowered Oritani Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, FIG Partners restated a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th.

A number of hedge funds have recently modified their holdings of ORIT. State of Alaska Department of Revenue grew its position in Oritani Financial by 77.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,553 shares of the bank’s stock worth $128,000 after acquiring an additional 3,303 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Oritani Financial during the 2nd quarter worth $160,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Oritani Financial during the 3rd quarter worth $185,000. BNP Paribas Arbitrage SA grew its position in Oritani Financial by 66.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,456 shares of the bank’s stock worth $229,000 after acquiring an additional 5,393 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Oritani Financial by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 14,460 shares of the bank’s stock valued at $243,000 after buying an additional 5,360 shares during the last quarter. Institutional investors and hedge funds own 62.03% of the company’s stock.

Oritani Financial (NASDAQ:ORIT) opened at $16.95 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Oritani Financial has a fifty-two week low of $15.30 and a fifty-two week high of $19.00. The company has a market capitalization of $786.76, a price-to-earnings ratio of 12.69 and a beta of 0.35.

Oritani Financial (NASDAQ:ORIT) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $28.59 million during the quarter, compared to analysts’ expectations of $28.30 million. Oritani Financial had a return on equity of 10.73% and a net margin of 31.03%. research analysts expect that Oritani Financial will post 1.02 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a yield of 4.17%. Oritani Financial’s dividend payout ratio is currently 61.95%.

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About Oritani Financial

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.

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