Oritani Financial (ORIT) 16.85 red arrow -$0.08 (-0.47%) 04:37AM (15 mins delay)

$16.85    -$0.08  (-0.47%)

Last: $16.85 High: $17.00
Prev Close: $16.93 Low: $16.80
Open: $16.80 Mkt Cap: $777M
Change: -$0.08 ( -0.47% ) 52Wk High: $19.00
Vol: 101,193 52Wk Low: $14.80
Avg Volume: 3.34M Shares: 45M
EPS: 1.18 PE Ratio: 14.41

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Company Description

Oritani Financial Corp. is the federally chartered mid-tier stock holding company of Oritani Bank. Oritani Financial Corp. owns 100% of the outstanding shares of common stock of Oritani Bank. Oritani Financial Corp. is engaged primarily in the business of holding the common stock of Oritani Bank, as well as two limited liability companies that own a variety of real estate investments. During the fiscal year ended June 30, 2008 (fiscal 2008), Oritani Financial Corp. had consolidated deposits of $698.9 million. Its consolidated net income for the fiscal 2008 was $9 million. Oritani Bank originates loans primarily for investment and holds such loans in its portfolio. Oritani Bank's revenues are derived principally from interest on loans and securities, as well as its investments in real estate and real estate joint ventures. Oritani Bank also generates revenues from fees and service charges and other income.

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