Oritani Financial (ORIT) Issues Earnings Results

Oritani Financial (NASDAQ:ORIT) released its quarterly earnings data on Monday. The bank reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.02), Fidelity Earnings reports. The company had revenue of $27.12 million for the quarter, compared to analyst estimates of $27.50 million. Oritani Financial had a return on equity of 9.30% and a net margin of 27.44%.

NASDAQ ORIT opened at $15.49 on Tuesday. The firm has a market cap of $709.09 million, a price-to-earnings ratio of 13.47 and a beta of 0.38. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.07. Oritani Financial has a fifty-two week low of $14.89 and a fifty-two week high of $17.70.

A number of equities analysts have weighed in on the company. BidaskClub raised Oritani Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine raised Oritani Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th.

In other Oritani Financial news, SVP Philip Wyks sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $15.97, for a total transaction of $111,790.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.19% of the company’s stock.

Oritani Financial Company Profile

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers. The company accepts a range of deposit products, such as non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits.

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Earnings History for Oritani Financial (NASDAQ:ORIT)

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