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Oritani Financial

Nasdaq:ORIT
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORIT
Nasdaq
$743M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 69 days ago. More info.


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ORIT Share Price and Events
7 Day Returns
-1.2%
NasdaqGS:ORIT
-0.4%
US Mortgage
0.6%
US Market
1 Year Returns
5.3%
NasdaqGS:ORIT
2.2%
US Mortgage
4.1%
US Market
ORIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oritani Financial (ORIT) -1.2% 4.9% -0.8% 5.3% 6% 13.4%
US Mortgage -0.4% 1.8% 1.2% 2.2% 32.7% 44.9%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • ORIT outperformed the Mortgage industry which returned 2.2% over the past year.
  • ORIT outperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
ORIT
Industry
5yr Volatility vs Market

Value

 Is Oritani Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Oritani Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Oritani Financial.

NasdaqGS:ORIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $12.52 * 9.2%
$1.15
Book Value of Equity per Share Median Book Value from the past 5 years. $12.52
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ORIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 21%) (73.84%))
1.245
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.245 * 5.96%)
10.15%

Discounted Cash Flow Calculation for NasdaqGS:ORIT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Oritani Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:ORIT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.2% – 10.15%) * $12.52)
$-0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.12 / (10.15% - 2.73%)
$-1.63
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $12.52 + $-1.63
$10.89
NasdaqGS:ORIT Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.89
Current discount Discount to share price of $17.21
= -1 x ($17.21 - $10.89) / $10.89
-58%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Oritani Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Oritani Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oritani Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ORIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.20
NasdaqGS:ORIT Share Price ** NasdaqGS (2019-07-17) in USD $17.21
United States of America Mortgage Industry PE Ratio Median Figure of 129 Publicly-Listed Mortgage Companies 14.32x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oritani Financial.

NasdaqGS:ORIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ORIT Share Price ÷ EPS (both in USD)

= 17.21 ÷ 1.20

14.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oritani Financial is overvalued based on earnings compared to the US Mortgage industry average.
  • Oritani Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Oritani Financial's expected growth come at a high price?
Raw Data
NasdaqGS:ORIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-13.1%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 50 Publicly-Listed Mortgage Companies 1.43x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NasdaqGS:ORIT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.33x ÷ -13.1%

-1.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oritani Financial earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oritani Financial's assets?
Raw Data
NasdaqGS:ORIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.29
NasdaqGS:ORIT Share Price * NasdaqGS (2019-07-17) in USD $17.21
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NasdaqGS:ORIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ORIT Share Price ÷ Book Value per Share (both in USD)

= 17.21 ÷ 12.29

1.4x

* Primary Listing of Oritani Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oritani Financial is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Oritani Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Oritani Financial has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Oritani Financial expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oritani Financial expected to grow at an attractive rate?
  • Oritani Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Oritani Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Oritani Financial's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ORIT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ORIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -13.1%
NasdaqGS:ORIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -8.1%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ORIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ORIT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 99 45 1
2019-06-30 105 51 2
NasdaqGS:ORIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 111 53 53
2018-12-31 113 50 54
2018-09-30 114 51 44
2018-06-30 114 57 43
2018-03-31 111 41 32
2017-12-31 132 45 43
2017-09-30 131 41 51
2017-06-30 129 37 49
2017-03-31 136 57 57
2016-12-31 116 42 45
2016-09-30 141 33 50
2016-06-30 145 28 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oritani Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Oritani Financial's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ORIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Oritani Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ORIT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 1.00 1.00 1.00 1.00
2019-06-30 1.16 1.16 1.16 2.00
NasdaqGS:ORIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.20
2018-12-31 1.21
2018-09-30 1.00
2018-06-30 0.97
2018-03-31 0.73
2017-12-31 0.98
2017-09-30 1.16
2017-06-30 1.14
2017-03-31 1.33
2016-12-31 1.06
2016-09-30 1.19
2016-06-30 1.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Oritani Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Oritani Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Oritani Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Oritani Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Oritani Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oritani Financial's year on year earnings growth rate has been positive over the past 5 years.
  • Oritani Financial's 1-year earnings growth exceeds its 5-year average (63.5% vs 1.8%)
  • Oritani Financial's earnings growth has exceeded the US Mortgage industry average in the past year (63.5% vs 39%).
Earnings and Revenue History
Oritani Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oritani Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ORIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 110.72 52.78 30.18
2018-12-31 113.45 53.75 30.52
2018-09-30 114.02 44.30 32.49
2018-06-30 113.51 42.89 32.33
2018-03-31 111.42 32.28 31.88
2017-12-31 132.12 43.12 32.41
2017-09-30 131.30 50.53 33.53
2017-06-30 129.24 49.14 34.76
2017-03-31 135.90 57.32 36.60
2016-12-31 115.61 45.29 37.27
2016-09-30 140.97 50.29 38.93
2016-06-30 144.63 52.30 39.17
2016-03-31 146.54 56.97 38.14
2015-12-31 146.95 55.69 37.95
2015-09-30 121.02 49.36 35.62
2015-06-30 116.64 46.90 35.09
2015-03-31 106.48 41.13 34.64
2014-12-31 103.10 40.91 34.26
2014-09-30 101.93 40.85 33.99
2014-06-30 102.03 41.06 33.81
2014-03-31 101.72 42.77 33.47
2013-12-31 102.06 41.94 33.41
2013-09-30 99.84 40.71 32.84
2013-06-30 97.90 39.54 32.60
2013-03-31 95.97 36.15 32.58
2012-12-31 93.14 34.65 31.70
2012-09-30 90.08 33.53 31.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Oritani Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oritani Financial used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Oritani Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Oritani Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Oritani Financial has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Oritani Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Oritani Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Oritani Financial Company Filings, last reported 3 months ago.

NasdaqGS:ORIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 530.72 548.78 24.53
2018-12-31 527.06 568.65 30.25
2018-09-30 562.94 526.16 46.59
2018-06-30 559.35 596.37 51.64
2018-03-31 554.63 532.11 38.51
2017-12-31 547.55 539.52 48.46
2017-09-30 566.39 546.28 37.34
2017-06-30 559.22 642.06 40.02
2017-03-31 556.67 797.32 36.86
2016-12-31 538.46 807.24 37.67
2016-09-30 539.66 683.17 25.61
2016-06-30 535.20 799.12 16.57
2016-03-31 528.72 776.24 11.13
2015-12-31 518.36 800.54 11.45
2015-09-30 522.29 746.43 9.81
2015-06-30 517.67 799.93 15.13
2015-03-31 506.74 780.73 12.69
2014-12-31 507.71 889.81 9.70
2014-09-30 519.85 957.96 18.06
2014-06-30 526.29 967.44 19.03
2014-03-31 526.17 885.89 14.59
2013-12-31 519.79 904.62 9.11
2013-09-30 526.67 814.97 9.69
2013-06-30 518.71 833.67 14.65
2013-03-31 511.57 877.07 8.73
2012-12-31 506.16 893.58 10.07
2012-09-30 515.83 837.20 9.57
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Oritani Financial has an acceptable proportion of non-loan assets held.
  • Oritani Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at Oritani Financial are broadly funded by customer deposits.
  • Oritani Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Oritani Financial has a sufficient allowance for bad loans.
  • Oritani Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Oritani Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oritani Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Oritani Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.68%
Current annual income from Oritani Financial dividends. Estimated to be 6.29% next year.
If you bought $2,000 of Oritani Financial shares you are expected to receive $134 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Oritani Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Oritani Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ORIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 95 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ORIT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-06-30 1.08 3.00
2019-06-30 1.15 3.00
NasdaqGS:ORIT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-24 1.150 6.779
2018-11-20 1.150 7.562
2018-11-09 1.450 9.591
2018-10-29 1.450 9.668
2018-08-29 1.450 9.266
2018-07-24 1.450 8.952
2018-05-10 1.450 8.954
2018-04-25 1.450 9.470
2017-11-21 1.150 7.140
2017-11-09 1.200 7.318
2017-10-25 1.200 7.182
2017-08-29 1.200 7.238
2017-07-27 1.200 7.385
2017-05-10 1.200 7.083
2017-04-28 1.200 7.103
2017-02-08 1.200 7.086
2017-01-24 1.200 6.957
2016-11-09 1.200 6.733
2016-10-26 1.200 7.626
2016-09-13 1.200 7.661
2016-07-29 1.200 7.488
2016-05-09 1.200 7.355
2016-04-25 1.200 7.007
2016-02-09 1.200 7.131
2016-01-26 1.200 7.493
2015-07-27 0.950 5.985
2015-05-08 0.950 6.167
2015-04-22 0.950 6.292
2014-11-25 0.950 6.501
2014-07-24 0.950 6.531
2014-04-23 0.950 6.297
2014-01-23 0.950 6.080
2013-10-23 0.950 5.967
2013-04-24 0.700 4.403
2013-01-24 0.600 3.989
2012-10-25 0.600 4.004
2012-07-25 0.600 4.090
2012-04-24 0.600 4.242
2012-01-30 0.500 3.680
2011-10-28 0.500 3.900
2011-07-25 0.400 3.117
2011-04-26 0.400 3.187
2011-01-28 0.400 3.210
2010-10-28 0.400 3.434
2010-05-12 0.200 2.022
2010-02-19 0.200 1.852
2009-11-24 0.200 2.223
2009-11-06 0.133 1.548
2009-10-30 0.133 1.532
2009-09-28 0.133 1.501
2009-09-11 0.133 1.464
2009-07-31 0.133 1.472
2009-06-25 0.133 1.465

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oritani Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Oritani Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Oritani Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oritani Financial has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Oritani Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Lynch
COMPENSATION $2,343,328
AGE 73
TENURE AS CEO 21.5 years
CEO Bio

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. Mr. Lynch is the President and a director of the OritaniBank Charitable Foundation. Mr. Lynch is a Director of Pentegra Services Inc., a national provider of full-service retirement programs. Mr. Lynch is a former Chairman of the New Jersey League of Community and Savings Bankers and served as a Member of its Board of Governors for several years, a former Director of the FHLB-NY and also served on the Board of Directors of Thrift Institutions Community Investment Corp. He is a Member of the American Bar Association and a former Member of the Board of Directors of Bergen County Habitat for Humanity. Mr. Lynch is a licensed attorney in the State of New Jersey.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Oritani Financial management team in years:

11.5
Average Tenure
57
Average Age
  • The average tenure for the Oritani Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kevin Lynch

TITLE
Chairman
COMPENSATION
$2M
AGE
73
TENURE
21.5 yrs

Jack Fields

TITLE
Executive VP
COMPENSATION
$760K
AGE
56
TENURE
20.5 yrs

Philip Wyks

TITLE
Senior VP & Corporate Secretary
COMPENSATION
$436K
AGE
65
TENURE
28.5 yrs

Louis Manderino

TITLE
Chief Credit Officer
COMPENSATION
$587K
AGE
64
TENURE
9.5 yrs

Kurt Breitenstein

TITLE
Executive VP & Chief Lending Officer
COMPENSATION
$300K
AGE
51
TENURE
2.8 yrs

Annie Jetton

TITLE
Senior VP & Principal Accounting Officer
AGE
53

Paul Skinner

TITLE
VP & Chief Information Officer
AGE
57
TENURE
11.5 yrs

Amy Lubow

TITLE
VP & Chief Compliance Officer
AGE
57
TENURE
2.5 yrs

Michele Calise

TITLE
Senior VP & Retail Banking Officer
AGE
61
Board of Directors Tenure

Average tenure and age of the Oritani Financial board of directors in years:

15.9
Average Tenure
71
Average Age
  • The average tenure for the Oritani Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jack Fields

TITLE
Executive VP
COMPENSATION
$760K
AGE
56
TENURE
2.8 yrs

Robert Hekemian

TITLE
Director
COMPENSATION
$233K
AGE
59
TENURE
20.5 yrs

Kevin Lynch

TITLE
Chairman
COMPENSATION
$2M
AGE
73
TENURE
21.5 yrs

Nicholas Antonaccio

TITLE
Lead Director
COMPENSATION
$158K
AGE
72
TENURE
11.3 yrs

John Skelly

TITLE
Director
COMPENSATION
$193K
AGE
79
TENURE
20.5 yrs

James Doyle

TITLE
Director
COMPENSATION
$224K
AGE
69
TENURE
21.5 yrs

Harvey Hirschfeld

TITLE
Director
COMPENSATION
$169K
AGE
71
TENURE
5.3 yrs

Judith Schumacher-Tilton

TITLE
Director
AGE
71
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Oritani Financial individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Apr 19 Buy Judith Schumacher-Tilton Individual 25. Apr 19 26. Apr 19 5,000 $17.14 $85,169
31. Jan 19 Buy Judith Schumacher-Tilton Individual 30. Jan 19 30. Jan 19 10,000 $17.02 $170,003
26. Nov 18 Buy Judith Schumacher-Tilton Individual 26. Nov 18 26. Nov 18 3,000 $15.42 $46,260
08. Nov 18 Buy Judith Schumacher-Tilton Individual 02. Nov 18 02. Nov 18 5,000 $14.67 $73,311
02. Nov 18 Buy James Doyle Individual 01. Nov 18 01. Nov 18 2,000 $14.48 $28,955
X
Management checks
We assess Oritani Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Oritani Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Does Oritani Financial Corp. (NASDAQ:ORIT) Fare As A Dividend Stock?

Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … Conclusion To summarise, shareholders should always check that Oritani Financial's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Does Oritani Financial Corp.'s (NASDAQ:ORIT) CEO Pay Compare Well With Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for Oritani Financial How Does Kevin Lynch's Compensation Compare With Similar Sized Companies? … If you want to buy a stock that is better than Oritani Financial, this free list of high return, low debt companies is a great place to look.

Simply Wall St -

What Kind Of Shareholder Appears On The Oritani Financial Corp.'s (NASDAQ:ORIT) Shareholder Register?

Oritani Financial is a smaller company with a market capitalization of US$720m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company … See our latest analysis for Oritani Financial

Simply Wall St -

How Much Are Oritani Financial Corp. (NASDAQ:ORIT) Insiders Spending On Buying Shares?

So before you buy or sell Oritani Financial Corp. … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … Oritani Financial Insider Transactions Over The Last Year.

Simply Wall St -

Is Oritani Financial Corp.'s (NASDAQ:ORIT) CEO Paid Enough Relative To Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Kevin Lynch's Compensation Compare With Similar Sized Companies. … is worth US$771m, and total annual CEO compensation is US$1.7m.

Simply Wall St -

What To Know Before Buying Oritani Financial Corp. (NASDAQ:ORIT) For Its Dividend

The stock currently pays out a dividend yield of 6.7%, and has a market cap of US$776m. … Does Oritani Financial tick all the boxes of a great dividend stock? … View our latest analysis for Oritani Financial

Simply Wall St -

Have Insiders Been Buying Oritani Financial Corp. (NASDAQ:ORIT) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in Oritani Financial Corp. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Oritani Financial Corp (NASDAQ:ORIT): 4 Days To Buy Before The Ex-Dividend Date

Investors who want to cash in on Oritani Financial Corp's (NASDAQ:ORIT) upcoming dividend of US$0.15 per share have only 4 days left to buy the shares before its ex-dividend date, 06 December 2018, in time for dividends payable on the 21 December 2018. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

Is Oritani Financial Corp's (NASDAQ:ORIT) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Kevin Lynch's Compensation Compare With Similar Sized Companies. … Our data indicates that Oritani Financial Corp is worth US$711m, and total annual CEO compensation is US$1.7m.

Simply Wall St -

Should You Buy Oritani Financial Corp (NASDAQ:ORIT) For Its Dividend?

Oritani Financial Corp (NASDAQ:ORIT) has returned to shareholders over the past 9 years, an average dividend yield of 5.00% annually. … Let's dig deeper into whether Oritani Financial should have a place in your portfolio. … Check out our latest analysis for Oritani Financial

Simply Wall St -

Company Info

Description

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, 2018, 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.

Details
Name: Oritani Financial Corp.
ORIT
Exchange: NasdaqGS
Founded: 1911
$743,185,006
43,183,324
Website: http://www.oritani.com
Address: Oritani Financial Corp.
370 Pascack Road,
Washington Township,
New Jersey, 07676,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ORIT Common Stock Nasdaq Global Select US USD 24. Jan 2007
Number of employees
Current staff
Staff numbers
222
Oritani Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 00:16
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/07
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.