NEW YORK (

TheStreet

) --

Oritani Financial

(Nasdaq:

ORIT

) hit a new 52-week high Thursday as it is currently trading at $13.68, above its previous 52-week high of $13.64 with 22,561 shares traded as of 9:35 a.m. ET. Average volume has been 874,800 shares over the past 30 days.

Oritani Financial has a market cap of $619.4 million and is part of the

financial

sector and

banking

industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.

Oritani Financial Corp. operates as the holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in New Jersey. The company has a P/E ratio of 24.6, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Oritani Financial as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Oritani Financial Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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