Insider Analysis: Kevin Lynch Insider Transaction for 43 Shares of Oritani Financial Corp. (NASDAQ:ORIT)

November 28, 2016 - By Marie Mckinney

Insider Analysis: Kevin Lynch Insider Transaction for 43 Shares of Oritani Financial Corp. (NASDAQ:ORIT)

Kevin Lynch Insider Sell

Kevin Lynch, the President and CEO of Oritani Financial Corp, unloaded 43 shares of the company, with market value of roughly $774 U.S Dollars, based on an average weighted cost of $18.0 per every share. He also unloaded 4,100 shares valued at $71,135 USD in the last 30 days. And, It’s sure Kevin’s sell isn’t going to remain unnoticed as he presently is possessing 806,086 shares – ( 1.90% of Oritani Financial Corp’s Market Cap ). The deal, dated November 28, 2016, is recorded on a Form 4 submitted with the (SEC) and is also on hand here.

Oritani Financial Corp. (NASDAQ:ORIT) Ratings Coverage

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 -8.97% below today’s ($17.72) stock price. Oritani Financial Corp has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated Oritani Financial Corp. (NASDAQ:ORIT) rating on Thursday, April 14. Piper Jaffray has “Neutral” rating and $16 price target. Sandler O’Neill downgraded the shares of ORIT in a report on Tuesday, October 27 to “Hold” rating. The stock of Oritani Financial Corp. (NASDAQ:ORIT) earned “Hold” rating by Zacks on Tuesday, August 11.

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.

Deutsche Bancorp Ag last reported 0% of its portfolio in the stock. Voya Invest Mgmt Ltd reported 28,314 shares or 0% of all its holdings. Guggenheim Ltd Liability holds 115,123 shares or 0.01% of its portfolio. Prospector Ptnrs Lc, a Connecticut-based fund reported 319,276 shares. Cypress Limited Liability Corporation (Wy) holds 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT) for 275 shares. Pub Sector Pension Board holds 25,805 shares or 0% of its portfolio. Moreover, Vanguard has 0% invested in Oritani Financial Corp. (NASDAQ:ORIT) for 3.44 million shares. Ameriprise Fincl accumulated 190,850 shares or 0% of the stock. Bridgeway Capital Mngmt accumulated 0.03% or 124,900 shares. Clarivest Asset Ltd holds 0.01% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT) for 12,189 shares. Moreover, Capstone Asset has 0.01% invested in Oritani Financial Corp. (NASDAQ:ORIT) for 11,370 shares. Old Mutual (Uk) Ltd has invested 0.01% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Aperio Group Ltd Company accumulated 0.01% or 42,866 shares. California State Teachers Retirement accumulated 0% or 80,919 shares. The Florida-based Ladenburg Thalmann Services has invested 0% in Oritani Financial Corp. (NASDAQ:ORIT).

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 6 sales for $1.49 million net activity. Doyle James J Jr had sold 30,000 shares worth $512,019. On Friday, June 10 the insider Fields John M Jr sold $390,503. $342,358 worth of shares were sold by Guinan Thomas on Wednesday, November 23. Wyks Philip also sold $31,600 worth of Oritani Financial Corp. (NASDAQ:ORIT) shares. $71,135 worth of Oritani Financial Corp. (NASDAQ:ORIT) was sold by Lynch Kevin J on Friday, November 11.

About 217,897 shares traded hands or 55.74% up from the average. Oritani Financial Corp. (NASDAQ:ORIT) has risen 2.02% since April 25, 2016 and is uptrending. It has underperformed by 3.99% the S&P500.

Oritani Financial Corp. is a holding firm for Oritani Bank . The company has a market cap of $776.37 million. The Bank offers a range of retail and commercial loan and deposit products. It has a 15.06 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 earnings per share, down 32.43% or $0.12 from last year’s $0.37 per share. ORIT’s profit will be $10.95M for 17.72 P/E if the $0.25 EPS becomes a reality. After $0.24 actual earnings per share reported by Oritani Financial Corp. for the previous quarter, Wall Street now forecasts 4.17% EPS growth.

More news for Oritani Financial Corp. (NASDAQ:ORIT) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 22, 2009. Nasdaq.com‘s article titled: “Oritani Financial Corp. Announces the Election of John M. Fields, Jr. to ..” and published on September 20, 2016 is yet another important article.

ORIT Company Profile

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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