BNP Paribas Arbitrage SA Acquires 7,422 Shares of Oritani Financial Corp. (ORIT)

BNP Paribas Arbitrage SA raised its holdings in Oritani Financial Corp. (NASDAQ:ORIT) by 55.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,878 shares of the bank’s stock after acquiring an additional 7,422 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Oritani Financial were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ORIT. Dimensional Fund Advisors LP boosted its stake in Oritani Financial by 7.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,902,872 shares of the bank’s stock valued at $49,494,000 after acquiring an additional 192,160 shares during the last quarter. State Street Corp boosted its stake in Oritani Financial by 10.9% in the first quarter. State Street Corp now owns 1,197,925 shares of the bank’s stock valued at $20,363,000 after acquiring an additional 117,729 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Oritani Financial by 67.9% in the second quarter. Parametric Portfolio Associates LLC now owns 181,890 shares of the bank’s stock valued at $3,101,000 after acquiring an additional 73,548 shares during the last quarter. First Trust Advisors LP boosted its stake in Oritani Financial by 50.7% in the third quarter. First Trust Advisors LP now owns 172,194 shares of the bank’s stock valued at $2,893,000 after acquiring an additional 57,919 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Oritani Financial by 1.4% in the second quarter. Vanguard Group Inc. now owns 4,018,352 shares of the bank’s stock valued at $68,514,000 after acquiring an additional 54,268 shares during the last quarter. 62.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. FIG Partners reissued a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th. ValuEngine raised shares of Oritani Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub raised shares of Oritani Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.

Oritani Financial Corp. (NASDAQ ORIT) opened at $16.25 on Tuesday. The firm has a market cap of $756.68, a price-to-earnings ratio of 12.20 and a beta of 0.35. Oritani Financial Corp. has a 52-week low of $15.30 and a 52-week high of $19.00. 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 (NASDAQ:ORIT) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $28.30 million. Oritani Financial had a net margin of 31.03% and a return on equity of 10.73%. research analysts anticipate that Oritani Financial Corp. will post 1.02 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 4.17%. Oritani Financial’s dividend payout ratio 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.

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

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