November 29, 2016 - By Louis Casey
John Fields, EVP and CFO of Oritani Financial Corp is the insider, we want to disclose transactions for. Mr. John submitted an electronic document with the Security and Exchange Commission informing the public of a sale for 57,609 shares of the firm, the one he is an insider in. At the time of the selling transaction, the average stock price of Oritani Financial Corp was $17.7, making the dealing worth $1,019,790 US Dollars. Today, he holds a total of 377,166 shares or 0.87% of the Company’s market capitalization.
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. The firm has “Hold” rating given on Tuesday, October 27 by Sandler O’Neill. 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 improved, 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.
Commonwealth Equity Ser has invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Us National Bank De holds 0% or 100 shares in its portfolio. Alps Advsrs accumulated 0% or 23,590 shares. Moreover, Cypress Cap Management Ltd Limited Liability Company (Wy) has 0% invested in Oritani Financial Corp. (NASDAQ:ORIT) for 275 shares. Tci Wealth Advisors last reported 0% of its portfolio in the stock. Teacher Retirement Of Texas owns 33,180 shares or 0% of their US portfolio. Parametric Ltd Liability accumulated 0% or 71,711 shares. Enterprise Finance Svcs, a Missouri-based fund reported 211 shares. Fmr Limited Co, a Massachusetts-based fund reported 1.15 million shares. Geode Ltd Liability has 278,865 shares for 0% of their US portfolio. Credit Suisse Ag has 44,627 shares for 0% of their US portfolio. Morgan Stanley last reported 130,752 shares in the company. Moreover, Tfs Cap Lc has 0.22% invested in Oritani Financial Corp. (NASDAQ:ORIT) for 76,106 shares. Ladenburg Thalmann Serv holds 0% or 391 shares in its portfolio. Prudential Financial Incorporated holds 0.01% or 364,385 shares in its portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 7 selling transactions for $1.49 million net activity. Lynch Kevin J also sold $774 worth of Oritani Financial Corp. (NASDAQ:ORIT) shares. Wyks Philip sold 2,000 shares worth $31,600. Shares for $144,588 were sold by Guinan Thomas on Wednesday, September 7. Fields John M Jr sold $390,503 worth of stock or 23,619 shares. The insider Doyle James J Jr sold 30,000 shares worth $512,019.
About 56,835 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 $11.21 million for 17.75 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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By Louis Casey