Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers.
No risks detected for ORIT from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has Oritani Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ORIT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ORIT exceeded the US Mortgage industry which returned 18.8% over the past year.
Return vs Market: ORIT matched the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Oritani Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall StHow Does Oritani Financial Corp. (NASDAQ:ORIT) Fare As A Dividend Stock?
8 months ago | Simply Wall StDoes Oritani Financial Corp.'s (NASDAQ:ORIT) CEO Pay Compare Well With Peers?
9 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The Oritani Financial Corp.'s (NASDAQ:ORIT) Shareholder Register?
Is Oritani Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ORIT ($18.84) is trading above our estimate of fair value ($12.03)
Significantly Below Fair Value: ORIT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ORIT is poor value based on its PE Ratio (16x) compared to the Mortgage industry average (14.2x).
PE vs Market: ORIT is good value based on its PE Ratio (16x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ORIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ORIT is overvalued based on its PB Ratio (1.5x) compared to the US Mortgage industry average (1.1x).
How is Oritani Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oritani Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Oritani Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORIT has high quality earnings.
Growing Profit Margin: ORIT's current net profit margins (48.8%) are higher than last year (38.8%).
Past Earnings Growth Analysis
Earnings Trend: ORIT's earnings have grown by 1.4% per year over the past 5 years.
Accelerating Growth: ORIT's earnings growth over the past year (15.1%) exceeds its 5-year average (1.4% per year).
Earnings vs Industry: ORIT earnings growth over the past year (15.1%) underperformed the Mortgage industry 23.1%.
Return on Equity
High ROE: ORIT's Return on Equity (9.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Oritani Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: ORIT has a low level of unsold assets or inventory.
Debt Coverage by Assets: ORIT's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: ORIT's level of assets compared to its equity is low.
Allowance for Bad Loans: ORIT has a sufficient allowance for bad loans.
Low Risk Liabilities: ORIT's liabilities are made up of primarily low risk sources of funding.
Loan Level: ORIT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ORIT's loans are broadly funded by customer deposits.
Level of Bad Loans: ORIT has an appropriate level of bad loans (0.19%)
What is Oritani Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ORIT's dividend (4.62%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: ORIT's dividend (4.62%) is in the top 25% of dividend payers in the US market (3.66%)
Stability and Growth of Payments
Stable Dividend: ORIT's dividends per share have been stable in the past 10 years.
Growing Dividend: ORIT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.9%), ORIT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Lynch (73yo)
Mr. Kevin J. Lynch has been the President and Chief Executive Officer of Oritani Bank since 1993 and served as President and Chief Executive Officer of Oritani Financial Corp. since its creation in 1998. M ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD3.52M) is above average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.
|Executive VP||3.3yrs||US$911.62k||0.86% $6.9m|
|Senior VP & Corporate Secretary||28.9yrs||US$603.35k||0.21% $1.7m|
|Chief Credit Officer||9.9yrs||US$543.69k||0.22% $1.8m|
|Executive VP & Chief Lending Officer||3.2yrs||US$439.28k||0.020% $161.9k|
|Senior VP & Principal Accounting Officer||0yrs||no data||0.15% $1.2m|
|VP & Chief Information Officer||11.9yrs||no data||no data|
|VP & Chief Compliance Officer||2.9yrs||no data||no data|
|Senior VP & Retail Banking Officer||0yrs||no data||no data|
Experienced Management: ORIT's management team is seasoned and experienced (11.9 years average tenure).
|Executive VP||3.3yrs||US$911.62k||0.86% $6.9m|
|Independent Director||20.9yrs||US$378.69k||0.70% $5.6m|
|Independent Director||21.9yrs||US$295.64k||0.56% $4.5m|
|Lead Director||11.8yrs||US$226.75k||0.20% $1.6m|
|Independent Director||20.9yrs||US$230.58k||0.93% $7.5m|
|Independent Director||5.7yrs||US$207.95k||0.071% $574.7k|
|Independent Director||1.3yrs||US$77.00k||0.12% $928.1k|
Experienced Board: ORIT's board of directors are seasoned and experienced ( 16.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ORIT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Oritani Financial Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Oritani Financial Corp.
- Ticker: ORIT
- Exchange: NasdaqGS
- Founded: 1911
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$806.729m
- Shares outstanding: 43.37m
- Website: https://www.oritani.com
Number of Employees
- Oritani Financial Corp.
- 370 Pascack Road
- Washington Township
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ORIT||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 2007|
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. Its loan products include residential commercial real estate loans comprising mortgage loans secured by apartment buildings; commercial real estate loans consisting of mortgage loans secured by retail anchor shopping centers, commercial offices, retail space, warehouses, and mixed-use buildings; residential real estate loans, such as one to four family residential real property and home equity loans; and second mortgage and equity loans, and home equity lines of credit, as well as construction loans. The company also invests in securities and real estate properties. As of June 30, 2019, it operated 25 full service branches in Bergen, Hudson, Essex, and Passaic Counties, New Jersey; and lending offices in New York City and Cherry Hill, New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in Washington Township, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/12/03 00:00|
|End of Day Share Price||2019/11/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.