Oritani Financial Corp. (ORIT) Shares Bought by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans increased its position in shares of Oritani Financial Corp. (NASDAQ:ORIT) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,790 shares of the bank’s stock after buying an additional 1,290 shares during the period. Thrivent Financial For Lutherans owned about 0.05% of Oritani Financial Corp. worth $370,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its stake in Oritani Financial Corp. by 0.6% in the first quarter. Texas Permanent School Fund now owns 27,893 shares of the bank’s stock worth $474,000 after buying an additional 174 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Oritani Financial Corp. by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the bank’s stock valued at $267,000 after buying an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Oritani Financial Corp. by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,063 shares of the bank’s stock valued at $137,000 after buying an additional 405 shares during the last quarter. Arizona State Retirement System increased its position in shares of Oritani Financial Corp. by 2.6% in the first quarter. Arizona State Retirement System now owns 20,102 shares of the bank’s stock valued at $342,000 after buying an additional 500 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Oritani Financial Corp. by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 11,681 shares of the bank’s stock valued at $198,000 after buying an additional 592 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.

Shares of Oritani Financial Corp. (NASDAQ ORIT) remained flat at $16.00 on Friday. The company had a trading volume of 208,592 shares. The company’s 50-day moving average price is $16.72 and its 200 day moving average price is $16.88. The stock has a market capitalization of $660.78 million, a price-to-earnings ratio of 14.55 and a beta of 0.33. Oritani Financial Corp. has a 12-month low of $15.35 and a 12-month high of $19.00.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 4.38%. Oritani Financial Corp.’s dividend payout ratio (DPR) is 63.64%.

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Several research analysts have recently commented on the company. ValuEngine raised Oritani Financial Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. BidaskClub downgraded Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $17.00 target price on shares of Oritani Financial Corp. in a report on Thursday, August 3rd.

In other Oritani Financial Corp. news, EVP Thomas Guinan sold 25,007 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $16.27, for a total value of $406,863.89. Following the sale, the executive vice president now owns 110,211 shares in the company, valued at $1,793,132.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Doyle, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $17.29, for a total transaction of $864,500.00. Following the completion of the sale, the director now owns 290,000 shares in the company, valued at approximately $5,014,100. The disclosure for this sale can be found here. Insiders sold 156,485 shares of company stock worth $2,602,441 over the last three months. 15.27% of the stock is currently owned by insiders.

Oritani Financial Corp. 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 Corp. (NASDAQ:ORIT)

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