Oritani Financial Corp. (NASDAQ:ORIT) Updates On Dividend Release Date


On 2016-07-29, Oritani Financial Corp. (NASDAQ:ORIT) confirmed the dividend disbursement of $0.175 a share to shareholders as on record 2016-08-05. The firm will release dividend on 2016-08-19 while ex-dividend date is reported to be 2016-08-03.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Oritani Financial Corp. (NASDAQ:ORIT) paid a total of $0.175 per share in dividends. This figure stood at $0.175 a share in the same period a year ago indicating a deviation of 26.3158%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $16.833 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $17.5 and $16, respectively.

Taking the mathematical rating formula, the price for Oritani Financial Corp. (NASDAQ:ORIT) stands at 3. Earnings Review Oritani Financial Corp. (NASDAQ:ORIT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-24. For the period ending on 2016-09-30, experts are expecting EPS of $0.25.

Coming to the quarter ending on 2016-06-30, Oritani Financial Corp. (NASDAQ:ORIT) recorded EPS of $0.25. The reported numbers came lower than the analysts’ estimates of $0.26, demonstrating a miss of $-0.01 as against reported figures.

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