State Board of Administration of Florida Retirement System held its position in Oritani Financial Corp. (NASDAQ:ORIT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,469 shares of the bank’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned approximately 0.12% of Oritani Financial Corp. worth $1,021,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Alpha Management LP increased its position in shares of Oritani Financial Corp. by 23.7% in the third quarter. Princeton Alpha Management LP now owns 13,620 shares of the bank’s stock valued at $214,000 after buying an additional 2,608 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Oritani Financial Corp. by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,680 shares of the bank’s stock valued at $215,000 after buying an additional 140 shares during the period. Analytic Investors LLC bought a new stake in Oritani Financial Corp. during the third quarter valued at $302,000. SECOR Capital Advisors LP bought a new stake in Oritani Financial Corp. during the third quarter valued at $432,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Oritani Financial Corp. by 28.7% in the third quarter. UBS Asset Management Americas Inc. now owns 31,398 shares of the bank’s stock valued at $494,000 after buying an additional 7,000 shares during the period. 59.78% of the stock is owned by hedge funds and other institutional investors.
Oritani Financial Corp. (NASDAQ:ORIT) traded down 0.29% during mid-day trading on Friday, hitting $17.00. 104,669 shares of the stock traded hands. Oritani Financial Corp. has a 12 month low of $15.27 and a 12 month high of $19.00. The company has a market cap of $731.39 million, a P/E ratio of 16.49 and a beta of 0.48. The company’s 50 day moving average is $16.81 and its 200 day moving average is $17.03.
Oritani Financial Corp. (NASDAQ:ORIT) last issued its quarterly earnings data on Tuesday, January 24th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $27.41 million for the quarter, compared to analyst estimates of $27.10 million. Oritani Financial Corp. had a net margin of 29.47% and a return on equity of 8.28%. On average, analysts expect that Oritani Financial Corp. will post $0.98 earnings per share for the current fiscal year.
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About Oritani Financial Corp.
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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