NasdaqGS:ORIT

Stock Analysis Report

Executive Summary

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.

Risks

  • Oritani Financial is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Oritani Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

NasdaqGS:ORIT

-1.2%

US Mortgage

-1.6%

US Market


1 Year Return

1.9%

NasdaqGS:ORIT

-2.8%

US Mortgage

-3.0%

US Market

ORIT outperformed the Mortgage industry which returned -0.7% over the past year.

ORIT outperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

ORITIndustryMarket
7 Day-0.8%-1.2%-1.6%
30 Day-6.4%-3.3%-5.8%
90 Day2.9%-1.6%0.2%
1 Year9.2%1.9%-0.7%-2.8%-0.8%-3.0%
3 Year30.6%4.2%29.8%21.1%38.0%29.1%
5 Year60.4%11.7%55.3%39.0%50.8%34.1%

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

Valuation

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

14.08x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Oritani Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Oritani Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for Oritani Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Oritani Financial is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

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

9.3%

Forecasted Banks industry annual growth in earnings


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Oritani Financial is high growth as no revenue estimate data is available.

Unable to determine if Oritani Financial is high growth as no earnings estimate data is available.

Unable to compare Oritani Financial's revenue growth to the United States of America market average as no estimate data is available.

Unable to compare Oritani Financial's earnings growth to the United States of America market average as no estimate data is available.

Unable to compare Oritani Financial's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Oritani Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Oritani Financial performed over the past 5 years?

1.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (21.4% vs 1.8%)

Oritani Financial's earnings growth has not exceeded the US Mortgage industry average in the past year (21.4% vs 32.9%).


Return on Equity

Oritani Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Oritani Financial used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

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.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Oritani Financial has an acceptable proportion of non-loan assets held.

Oritani Financial has a sufficient allowance for bad loans.

Oritani Financial's liabilities are made up of primarily low risk sources of funding.

Oritani Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Oritani Financial are broadly funded by customer deposits.

Oritani Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

5.97%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Oritani Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Oritani Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.82%).

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

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.


Next Steps

Management

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

11.6yrs

Average management tenure


CEO

Kevin Lynch (73yo)

21.6yrs

Tenure

US$2,343,328

Compensation

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

Kevin's remuneration is about average for companies of similar size in United States of America.

Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.6yrs

Average Tenure

57yo

Average Age

The average tenure for the Oritani Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

16.0yrs

Average Tenure

71yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$85,16926 Apr 19
Judith Schumacher-Tilton
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$17.14
BuyUS$170,00331 Jan 19
Judith Schumacher-Tilton
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$17.02
BuyUS$46,26026 Nov 18
Judith Schumacher-Tilton
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$15.42
BuyUS$73,31108 Nov 18
Judith Schumacher-Tilton
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$14.67
BuyUS$28,95502 Nov 18
James Doyle
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$14.48

Ownership Breakdown


Management Team

  • Kevin Lynch (73yo)

    Chairman

    • Tenure: 21.6yrs
    • Compensation: US$2.34m
  • Jack Fields (56yo)

    Executive VP

    • Tenure: 2.9yrs
    • Compensation: US$759.74k
  • Philip Wyks (65yo)

    Senior VP & Corporate Secretary

    • Tenure: 28.6yrs
    • Compensation: US$435.94k
  • Annie Jetton (53yo)

    Senior VP & Principal Accounting Officer

    • Tenure: 0.0yrs
  • Paul Skinner (57yo)

    VP & Chief Information Officer

    • Tenure: 11.6yrs
  • Louis Manderino (64yo)

    Chief Credit Officer

    • Tenure: 9.6yrs
    • Compensation: US$586.83k
  • Kurt Breitenstein (51yo)

    Executive VP & Chief Lending Officer

    • Tenure: 2.8yrs
    • Compensation: US$299.83k
  • Michele Calise (61yo)

    Senior VP & Retail Banking Officer

    • Tenure: 0.0yrs
  • Amy Lubow (57yo)

    VP & Chief Compliance Officer

    • Tenure: 2.6yrs

Board Members

  • Robert Hekemian (59yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$232.68k
  • Kevin Lynch (73yo)

    Chairman

    • Tenure: 21.6yrs
    • Compensation: US$2.34m
  • James Doyle (69yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: US$223.94k
  • Jack Fields (56yo)

    Executive VP

    • Tenure: 2.9yrs
    • Compensation: US$759.74k
  • Nicholas Antonaccio (72yo)

    Lead Director

    • Tenure: 11.4yrs
    • Compensation: US$157.95k
  • John Skelly (79yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$193.23k
  • Harvey Hirschfeld (71yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$168.97k
  • Judith Schumacher-Tilton (71yo)

    Director

    • Tenure: 1.0yrs

Company Information

Oritani Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oritani Financial Corp.
  • Ticker: ORIT
  • Exchange: NasdaqGS
  • Founded: 1911
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$723.753m
  • Shares outstanding: 43.18m
  • Website: https://www.oritani.com

Number of Employees


Location

  • Oritani Financial Corp.
  • 370 Pascack Road
  • Washington Township
  • New Jersey
  • 7676
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORITNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 2007

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 00:13
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.