Company

Oritani Financial Corp.

Ticker Symbol

ORIT

Oritani Financial Corp. Visiting New York

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New York

Attending

John M. Fields Jr., CFO

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Business Summary

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in the United States. It offers a range of deposit products, including non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The company provides multifamily loans that consists of mortgage loans secured by apartment buildings; commercial real estate loans comprising mortgage loans secured by commercial offices, retail space, warehouses, and mixed-use buildings; residential real estate mortgage loans, such as one to four family residential real property and consumer loans; and construction loans, which include one to four family and commercial development project loans. Its loan products also include second mortgage and equity loans; home equity lines of credit; and other loans, including business loans secured by cash and other business assets, account loans, and commercial line of credit loans. In addition, the company invests in securities and real estate properties. As of June 30, 2014, it operates 24 full service branches in Bergen, Hudson, Essex, and Passaic counties, New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in Township of Washington, New Jersey.

Valuation Measures

Market Cap	691.27M
Enterprise Value	1.40B
Trailing P/E	16.36
Price/Sales (ttm)	6.16
Price/Book (mrq)	1.28
Enterprise Value/Revenue (ttm)	13.28
Enterprise Value/EBITDA (ttm)	N/A

Share Statistics

Avg Vol (3 month)	179,441
Avg Vol (10 day)	209,712
Shares Outstanding	44.00M
Float	34.99M
% Held by Insiders1	15.15%
% Held by Institutions1	65.20%
Shares Short (as of Nov 14, 2014)	1.72M
Return on Assets (ttm)	1.30%
Return on Equity (ttm)	7.96%
Fiscal Year Ends	Jun-15
Most Recent Quarter (mrq)	Mar-15

Estimates

Estimates	Current Year	Next Year
	Jun-15	Jun-15
Earnings Est	0.96	0.87
Revenue Est	99.53M	101.57M

Key Executives

0	Mr. Kevin J. Lynch , 69
1	Chairman, Chief Exec. Officer, Pres, Chairman of Oritani Saving Bank, Chief Exec. Officer of Oritani Saving Bank and Pres of Oritani Saving Bank
2	Mr. John M. Fields Jr., 52
3	Chief Financial Officer, Exec. VP, Chief Financial Officer of Oritani Saving Bank and Exec. VP of Oritani Saving Bank
4	Mr. Michael A. DeBernardi , 61
5	Chief Operating Officer, Exec. VP, Director, Chief Operating Officer of Oritani Savings Bank, Exec. VP of Oritani Savings Bank and Director of Oritani Saving Bank
6	Mr. Philip M. Wyks , 61
7	Sr. VP, Sec., Sr. VP of Oritani Saving Bank, Sec. of Oritani Saving Bank and Compliance & Privacy Officer of Oritani Saving Bank
8	Mr. Thomas G. Guinan , 51
9	Chief Lending Officer, Exec. VP, Chief Lending Officer of Oritani Saving Bank and Exec. VP of Oritani Saving Bank

Income statement (Annual)

Period Ending	29.09.2012	28.09.2013	27.09.2014
Total Revenue	127,391	133,048	133,828
Cost of Revenue	12,823	8,524	8,615
Gross Profit	-	-	-
Operating Expenses	-	-	-
Research Development	35,451	37,877	39,478
Selling General and Administrative	-	-	-
Non Recurring	8,500	3,850	700
Others	0	0	0
Total Operating Expenses	-	-	-
Operating Income or Loss	-	-	-
Income from Continuing Operations
Total Other Income/Expenses Net	-	-	-
Earnings Before Interest And Taxes	70,617	82,797	85,035
Interest Expense	20,510	21,274	22,488
Income Before Tax	50,107	61,523	62,547
Income Tax Expense	18,457	21,979	21,488
Minority Interest	-	-	-
Net Income From Continuing Ops	31,650	39,544	41,059
Non-recurring Events
Discontinued Operations	-	-	-
Extraordinary Items	-	-	-
Effect Of Accounting Changes	-	-	-
Other Items	-	-	-
Net Income	31,650	39,544	41,059
Preferred Stock And Other Adjustments	-	-	-
Net Income Applicable To Common Shares	31,650	39,544	41,059

Income statement (Quarterly)

Period Ending	27.09.2014	27.12.2014	28.03.2015	27.06.2015
Total Revenue	33,130	34,376	35,444	37,362
Cost of Revenue	2,396	2,614	2,843	3,029
Gross Profit	-	-	-	-
Operating Expenses
Research Development	-	-	-	-
Selling General and Administrative	9,999	10,057	11,309	10,760
Non Recurring	-	-	-	-
Others	-	200	-	-
Total Operating Expenses	-	-	-	-
Operating Income or Loss	-	-	-	-
Income from Continuing Operations
Total Other Income/Expenses Net	-	-	-	-
Earnings Before Interest And Taxes	20,735	21,505	21,292	23,573
Interest Expense	5,605	5,805	5,756	6,389
Income Before Tax	15,130	15,700	15,536	17,184
Income Tax Expense	5,167	5,539	5,490	6,227
Minority Interest	-	-	-	-
Net Income From Continuing Ops	9,963	10,161	10,046	10,957
Non-recurring Events
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Changes	-	-	-	-
Other Items	-	-	-	-
Net Income	9,963	10,161	10,046	10,957
Preferred Stock And Other Adjustments	-	-	-	-
Net Income Applicable To Common Shares	9,963	10,161	10,046	10,957

Peer Comparison

	AAPL	BBRY	GOOG	HPQ	Industry
Market Cap	691.27M	5.16B	1.22B	2.31B	88.58M
Employees	175	1,498	912	2,907	223
Qtrly Rev Growth (yoy)	10.0%	-44.0%	14.0%	15.0%	9.0%
Revenue (ttm)	105.68M	490.30M	283.64M	545.48M	27.66M
Gross Margin (ttm)	N/A	N/A	N/A	N/A	0.0%
EBITDA (ttm)	N/A	N/A	N/A	N/A	N/A
Operating Margin (ttm)	63.0%	50.0%	43.0%	35.0%	31.0%
Net Income (ttm)	41.13M	120.94M	76.40M	112.68M	N/A
EPS (ttm)	0.96	0.24	1.24	0.52	1.09
P/E (ttm)	16.36	42.96	15.85	19.04	14.41
PEG (5 yr expected)	1.37	27.72	2.93	3.54	1.93
P/S (ttm)	6.16	10.66	4.18	4.23	2.63

Upcoming Events

Date	Event
Oct 20 - Oct 26, 2015 (Est.)	Earnings announcement

Recent Events

Date	Event
7/27/2015	ORITANI FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
6/12/2015	ORITANI FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
5/8/2015	ORITANI FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
4/28/2015	Ex-Date for dividend payment of $0.175
4/22/2015	ORITANI FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition
3/4/2015	ORITANI FINANCIAL CORP Files SEC form 8-K, Other Events
2/23/2015	ORITANI FINANCIAL CORP Files SEC form 8-K, Other Events
2/9/2015	ORITANI FINANCIAL CORP Files SEC form 10-Q, Quarterly Report

Major Direct Holders

Major Direct Holders	Shares	Reported
LYNCH KEVIN J	768,077	Nov-14
FIELDS JOHN M JR	267,190	Aug-14
DEBERNARDI MICHAEL A	298,820	Aug-14
DOYLE JAMES J JR	220,000	Aug-13
GUINAN THOMAS	113,084	Dec-14

Top Institutional Holders

Top Institutional Holders	Shares	% Out	Value*	Reported
Vanguard Group, Inc. (The)	3,019,193	6.86	43,929,258	Mar-15
BlackRock Fund Advisors	2,371,703	5.39	34,508,278	Mar-15
Dimensional Fund Advisors LP	1,823,273	4.14	26,528,622	Mar-15
Renaissance Technologies, LLC	1,406,071	3.20	20,458,333	Mar-15
BlackRock Institutional Trust Company, N.A.	1,393,382	3.17	20,273,708	Mar-15
Goldman Sachs Group, Inc.	1,094,221	2.49	15,920,915	Mar-15
Prospector Partners, LLC	1,028,176	2.34	14,959,960	Mar-15
State Street Corporation	1,020,665	2.32	14,850,675	Mar-15
Oppenheimer Funds, Inc.	1,001,683	2.28	14,574,487	Mar-15
Brown Advisory Inc.	963,390	2.19	14,017,324	Mar-15

Balance sheet (Annual)

Period Ending	29.09.2012	28.09.2013	27.09.2014
Cash And Cash Equivalents	585,742	414,998	484,536
Short Term Investments	-	-	-
Net Receivables	10,630	10,114	10,214
Inventory	-	-	-
Other Current Assets	-	-	-
Total Current Assets	-	-	-
Long Term Investments	2,535,462	2,641,650	2,927,761
Property Plant and Equipment	18,182	16,802	18,525
Goodwill	-	-	-
Intangible Assets	-	-	-
Accumulated Amortization	-	-	-
Other Assets	61,477	78,221	81,018
Deferred Long Term Asset Charges	25,570	30,300	34,705

Total Assets	2,700,982	2,831,922	3,140,200

Liabilities
Current Liabilities
Accounts Payable	-	-	-
Short/Current Long Term Debt	745,865	833,672	967,443
Other Current Liabilities	1,389,706	1,419,703	1,580,975
Total Current Liabilities	-	-	-
Long Term Debt	-	-	-
Other Liabilities	54,702	59,837	65,490
Deferred Long Term Liability Charges	-	-	-
Minority Interest	-	-	-
Negative Goodwill	-	-	-

Total Liabilities	2,190,273	2,313,212	2,613,908

Stockholders' Equity
Misc Stocks Options Warrants	-	-	-
Redeemable Preferred Stock	-	-	-
Preferred Stock	-	-	-
Common Stock	562	562	562
Retained Earnings	200,718	196,516	195,970
Treasury Stock	-143,469	-141,142	-140,451
Capital Surplus	495,704	499,961	504,434
Other Stockholder Equity	-42,806	-37,187	-34,223
Total Stockholder Equity	510,709	518,710	526,292

Net Tangible Assets	510,709	518,710	526,292

Balance sheet (Quarterly)

Period Ending	27.09.2014	27.12.2014	28.03.2015	27.06.2015
Cash And Cash Equivalents	484,536	486,455	461,077	418,069
Short Term Investments	-	-	-	-
Net Receivables	10,214	11,134	9,174	9,339
Inventory	-	-	-	-
Other Current Assets	-	-	-	-
Total Current Assets	-	-	-	-
Long Term Investments	2,927,761	3,007,456	3,032,508	3,088,400
Property Plant and Equipment	18,525	18,370	18,790	19,861
Goodwill	-	-	-	-
Intangible Assets	-	-	-	-
Accumulated Amortization	-	-	-	-
Other Assets	81,018	78,209	99,532	98,072
Deferred Long Term Asset Charges	34,705	35,849	37,184	39,250

Total Assets	3,140,200	3,216,974	3,250,934	3,306,642

Liabilities
Current Liabilities
Accounts Payable	-	-	-	-
Short/Current Long Term Debt	967,443	957,956	885,956	774,494
Other Current Liabilities	1,580,975	1,678,685	1,792,867	1,950,429
Total Current Liabilities	-	-	-	-
Long Term Debt	-	-	-	-
Other Liabilities	65,490	60,484	64,398	74,984
Deferred Long Term Liability Charges	-	-	-	-
Minority Interest	-	-	-	-
Negative Goodwill	-	-	-	-

Total Liabilities	2,613,908	2,697,125	2,743,221	2,799,907

Stockholders' Equity
Misc Stocks Options Warrants	-	-	-	-
Redeemable Preferred Stock	-	-	-	-
Preferred Stock	-	-	-	-
Common Stock	562	562	562	562
Retained Earnings	195,970	198,683	190,965	194,668
Treasury Stock	-140,451	-150,615	-155,978	-161,880
Capital Surplus	504,434	502,837	504,725	506,518
Other Stockholder Equity	-34,223	-31,618	-32,561	-33,133
Total Stockholder Equity	526,292	519,849	507,713	506,735

Net Tangible Assets	526,292	519,849	507,713	506,735

Address

company	Oritani Financial Corp.
address	370 Pascack Road
city_state_zip	Township of Washington, NJ 07676
phone	201-664-5400

Business Summary
Valuation Measures
Share Statistics
Estimates
Key Executives
Income statement (Annual)
Income statement (Quarterly)
Peer Comparison
Upcoming Events
Recent Events
Major Direct Holders
Top Institutional Holders
Balance sheet (Annual)
Balance sheet (Quarterly)

Company

Ticker Symbol

Oritani Financial Corp. Visiting New York

1x1’s (Roadshow)

City

Attending

Posted By

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This Meeting Has Been Viewed 2285 Times

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Business Summary

Valuation Measures

Share Statistics

Estimates

Key Executives

Income statement (Annual)

Income statement (Quarterly)

Peer Comparison

Upcoming Events

Recent Events

Major Direct Holders

Top Institutional Holders

Balance sheet (Annual)

Balance sheet (Quarterly)

Address

Business Summary

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