Oritani Financial Stock Hits New 52-Week High (ORIT)

NEW YORK ( TheStreet) -- Oritani Financial (Nasdaq: ORIT) hit a new 52-week high Tuesday as it is currently trading at $14.84, above its previous 52-week high of $14.80 with 366,473 shares traded as of 2:23 p.m. ET. Average volume has been 279,400 shares over the past 30 days.

Oritani Financial has a market cap of $579 million and is part of the financial sector and banking industry. Shares are up 15.2% year to date as of the close of trading on Monday.

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, above the average banking industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.

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, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Oritani Financial Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat