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Oritani Financial Corp (ORIT) Files 10-K for the Fiscal Year Ended on June 30, 2017

- By insider

Oritani Financial Corp (ORIT) files its latest 10-K with SEC for the fiscal year ended on June 30, 2017. Oritani Financial Corp is the stock holding company for Oritani Bank. It operates as a retail and commercial bank and provides banking and financial services to individual and business customers in New Jersey. Oritani Financial Corp has a market cap of $731.280 million; its shares were traded at around $15.90 with a P/E ratio of 14.48 and P/S ratio of 5.23. The dividend yield of Oritani Financial Corp stocks is 4.41%. Oritani Financial Corp had annual average EBITDA growth of 15.30% over the past five years.


For the last quarter Oritani Financial Corp reported a revenue of $26.6 million, compared with the revenue of $33.29 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $129.1 million, a decrease of 10.7% from the previous year. For the last five years Oritani Financial Corp had an average revenue growth rate of 8.1% a year.

The reported diluted earnings per share was $1.1 for the year, a decline of 9.1% from the previous year. Over the last five years Oritani Financial Corp had an EPS growth rate of 9.5% a year. The Oritani Financial Corp enjoyed an operating margin of 58.49%, compared with the operating margin of 55.92% a year before. The 10-year historical median operating margin of Oritani Financial Corp is 52.92%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Oritani Financial Corp has the cash and cash equivalents of $33.3 million, compared with $16.2 million in the previous year. The long term debt was $642.1 million, compared with $781.6 million in the previous year. The interest coverage to the debt is 2, which is not a favorable level. Oritani Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $15.90, Oritani Financial Corp is traded at 21.2% discount to its historical median P/S valuation band of $20.17. The P/S ratio of the stock is 5.23, while the historical median P/S ratio is 6.60. The stock gained 7.28% during the past 12 months.

Directors and Officers Recent Trades:

  • EVP and CLO Thomas Guinan sold 23,007 shares of ORIT stock on 08/25/2017 at the average price of $16.16. The price of the stock has decreased by 1.61% since.
  • EVP and CLO Thomas Guinan sold 25,007 shares of ORIT stock on 08/17/2017 at the average price of $16.27. The price of the stock has decreased by 2.27% since.
  • EVP and CLO Thomas Guinan sold 71,478 shares of ORIT stock on 08/15/2017 at the average price of $16.29. The price of the stock has decreased by 2.39% since.

For the complete 20-year historical financial data of ORIT, click here.

This article first appeared on GuruFocus.