Dimensional Fund Advisors LP Grows Stake in Oritani Financial Corp. (ORIT)

Dimensional Fund Advisors LP increased its position in shares of Oritani Financial Corp. (NASDAQ:ORIT) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,041,005 shares of the bank’s stock after purchasing an additional 138,133 shares during the period. Dimensional Fund Advisors LP owned about 6.57% of Oritani Financial worth $51,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in shares of Oritani Financial during the second quarter valued at approximately $160,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Oritani Financial during the third quarter valued at approximately $185,000. BNP Paribas Arbitrage SA increased its position in shares of Oritani Financial by 66.9% during the second quarter. BNP Paribas Arbitrage SA now owns 13,456 shares of the bank’s stock valued at $229,000 after purchasing an additional 5,393 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Oritani Financial by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 14,460 shares of the bank’s stock valued at $243,000 after purchasing an additional 5,360 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of Oritani Financial during the second quarter valued at approximately $253,000. Institutional investors and hedge funds own 62.03% of the company’s stock.

ORIT has been the topic of a number of research reports. ValuEngine upgraded Oritani Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. FIG Partners restated a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th. Finally, BidaskClub cut Oritani Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Shares of Oritani Financial Corp. (ORIT) opened at $16.20 on Friday. The stock has a market capitalization of $752.05, a P/E ratio of 14.34 and a beta of 0.35. 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 Corp. has a 1 year low of $15.30 and a 1 year high of $18.75.

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

The business also recently declared a special dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a $0.45 dividend. This represents a yield of 4.17%. The ex-dividend date was Thursday, December 7th. Oritani Financial’s dividend payout ratio (DPR) is 61.95%.

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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.

Institutional Ownership by Quarter for Oritani Financial (NASDAQ:ORIT)

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