November 23, 2016 - By Marie Mckinney
Thomas Guinan, the well informed person, who’s the present EVP and CLO of Oritani Financial Corp sold roughly 19,170 shares of the company with market value around $342,358 US Dollars based on an avg price of 17.9 US Dollars for each share. The probability of this deal staying ignored is little as it’s new, with Thomas Guinan now having rights to 135,859 shares – that is 0.32% of the company’s market cap.
Out of 4 analysts covering Oritani Financial Corp (NASDAQ:ORIT), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $18 is the highest target while $15 is the lowest. The $16.13 average target is -10.24% below today’s ($17.97) stock price. Oritani Financial Corp has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Piper Jaffray on Thursday, April 14. The stock has “Hold” rating given by Zacks on Tuesday, August 11. Sandler O’Neill downgraded Oritani Financial Corp. (NASDAQ:ORIT) on Tuesday, October 27 to “Hold” rating.
Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.03, from 1.04 in 2016Q1. The ratio increased, as 6 funds sold all Oritani Financial Corp. shares owned while 49 reduced positions. 15 funds bought stakes while 42 increased positions. They now own 27.05 million shares or 2.79% less from 27.82 million shares in 2016Q1.
Nj State Employees Deferred Compensation Plan accumulated 40,000 shares or 0.14% of the stock. Moreover, Natl Bank Of America De has 0% invested in Oritani Financial Corp. (NASDAQ:ORIT) for 44,925 shares. Brandywine Glob Inv Mgmt Limited Liability Company, a Pennsylvania-based fund reported 151,093 shares. Teacher Retirement System Of Texas has invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Alliancebernstein Lp holds 61,114 shares or 0% of its portfolio. Credit Agricole S A has 66,500 shares for 0% of their US portfolio. Teton Advisors has invested 0.08% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Aperio Limited Com last reported 0.01% of its portfolio in the stock. Citigroup Inc last reported 13,651 shares in the company. Deere & accumulated 12,000 shares or 0.01% of the stock. Tci Wealth Advsrs has 0% invested in the company for 110 shares. Brown Advisory last reported 0.02% of its portfolio in the stock. Ny State Teachers Retirement System has 0% invested in the company for 51,955 shares. Teachers Retirement Of The State Of Kentucky accumulated 0% or 18,000 shares. Moreover, Bokf Na has 0.09% invested in Oritani Financial Corp. (NASDAQ:ORIT) for 153,441 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 5 selling transactions for $1.15 million net activity. Lynch Kevin J also sold $71,135 worth of Oritani Financial Corp. (NASDAQ:ORIT) on Friday, November 11. Guinan Thomas sold $144,588 worth of stock or 9,000 shares. On Monday, November 14 the insider Doyle James J Jr sold $512,019. Shares for $390,503 were sold by Fields John M Jr. 2,000 shares were sold by Wyks Philip, worth $31,600.
About 92,151 shares traded hands. Oritani Financial Corp. (NASDAQ:ORIT) has risen 4.23% since April 21, 2016 and is uptrending. It has underperformed by 1.10% the S&P500.
Oritani Financial Corp. is a holding firm for Oritani Bank . The company has a market cap of $826.81 million. The Bank offers a range of retail and commercial loan and deposit products. It has a 15.46 P/E ratio. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic.
According to Zacks Investment Research, “Oritani Financial Corp. is the holding company for Oritani Savings Bank, a savings bank offering a full range of retail and commercial loan and deposit products. The Bank currently operates its main office and eighteen full service branches in the New Jersey Counties of Bergen, Hudson and Passaic.”
Analysts await Oritani Financial Corp. (NASDAQ:ORIT) to report earnings on January, 24. They expect $0.25 EPS, down 32.43% or $0.12 from last year’s $0.37 per share. ORIT’s profit will be $11.50M for 17.95 P/E if the $0.25 EPS becomes a reality. After $0.24 actual EPS reported by Oritani Financial Corp. for the previous quarter, Wall Street now forecasts 4.17% EPS growth.
Another recent and important Oritani Financial Corp. (NASDAQ:ORIT) news was published by Marketwatch.com which published an article titled: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 22, 2009.
Oritani Financial Corp., incorporated on March 3, 2010, is a holding firm for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans. As of March 31, 2016, the Bank’s net loans were $3,017.74 million. The Company’s investment securities are classified as held to maturity, including mortgage-backed securities, and available for sale, including equity securities and mortgage-backed securities. As of March 31, 2016, the Bank’s securities held to maturity were $152 million and securities available for sale were $215.86 million. The Company’s deposits include checking (non-interest and interest-bearing demand deposits), money market deposit accounts, savings accounts and time deposits. As of March 31, 2016, the Company’s total deposits were $2,224.6 million.
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