November 29, 2016 - By Michael Collier
director, James Doyle is the Oritani Financial Corp’s insider that sold shares of Oritani Financial Corp, 30,000 to be exact. These insider shares were estimated based on $17.5, with James Doyle’s stock sale having a market value of $525,540 USD. This is not his first insider trade, in the last month, he sold another 30,000 shares worth $512,019 USD. The chance of this deal staying undiscovered is nil because it’s new, with James Doyle now having ownership of 240,000 shares — that is 0.55% of the company’s market capitalization. For further details of this trade please access the U.S. Security & Exchange Commission’s filing freely available for public review here.
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 -9.02% below today’s ($17.73) stock price. Oritani Financial Corp has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Thursday, April 14, the company rating was initiated by Piper Jaffray. Sandler O’Neill downgraded Oritani Financial Corp. (NASDAQ:ORIT) on Tuesday, October 27 to “Hold” rating. The rating was upgraded by Zacks on Tuesday, August 11 to “Hold”.
Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.03, from 1.04 in 2016Q1. The ratio is positive, 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.
Brown Advisory, a Maryland-based fund reported 387,615 shares. Los Angeles Cap Mgmt Equity has invested 0.01% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Raymond James & Assoc accumulated 0% or 14,480 shares. Barclays Public Limited Co has 0% invested in the company for 216 shares. Next Financial Gru reported 1,230 shares or 0.01% of all its holdings. Principal Grp Inc has invested 0.01% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). First Trust Ltd Partnership last reported 0.01% of its portfolio in the stock. Pinebridge Invests L P has invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Prospector Ltd accumulated 0.87% or 319,276 shares. Voya Inv Mngmt Limited Liability accumulated 28,314 shares or 0% of the stock. Morgan Stanley last reported 130,752 shares in the company. Aperio Grp Ltd last reported 0.01% of its portfolio in the stock. Martingale Asset Ltd Partnership last reported 0.01% of its portfolio in the stock. Paloma Mgmt has invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Bnp Paribas Arbitrage holds 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT) for 11,984 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 7 insider sales for $1.49 million net activity. Fields John M Jr also sold $390,503 worth of Oritani Financial Corp. (NASDAQ:ORIT) on Friday, June 10. $31,600 worth of Oritani Financial Corp. (NASDAQ:ORIT) shares were sold by Wyks Philip. The insider Lynch Kevin J sold $774. $512,019 worth of Oritani Financial Corp. (NASDAQ:ORIT) was sold by Doyle James J Jr. 9,000 shares were sold by Guinan Thomas, worth $144,588.
About 88,443 shares traded hands. Oritani Financial Corp. (NASDAQ:ORIT) has risen 0.40% since April 26, 2016 and is uptrending. It has underperformed by 4.86% the S&P500.
Oritani Financial Corp. is a holding firm for Oritani Bank . The company has a market cap of $795.13 million. The Bank offers a range of retail and commercial loan and deposit products. It has a 15.25 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 $11.21M for 17.73 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.
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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