Shares of Oritani Financial Corp. (NASDAQ:ORIT) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment 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 predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Oritani Financial an industry rank of 14 out of 265 based on the ratings given to its competitors.
Several research analysts recently issued reports on ORIT shares. ValuEngine raised shares of Oritani Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. FIG Partners reissued a “market-perform” rating on shares of Oritani Financial in a research note on Thursday, October 26th. Finally, BidaskClub lowered shares of Oritani Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.
Shares of Oritani Financial (NASDAQ:ORIT) opened at $16.20 on Tuesday. Oritani Financial has a 12-month low of $15.30 and a 12-month high of $17.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $779.82, a price-to-earnings ratio of 16.88 and a beta of 0.38.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, February 8th. This is a positive change from Oritani Financial’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 6.17%. Oritani Financial’s dividend payout ratio is currently 72.92%.
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Oritani Financial Company Profile
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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