A number of other research firms have also recently issued reports on ORIT. TheStreet upgraded Oritani Financial from a c+ rating to a b rating in a report on Thursday, January 24th. Zacks Investment Research cut Oritani Financial from a buy rating to a hold rating in a report on Tuesday, April 2nd.
ORIT opened at $17.35 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.21 and a quick ratio of 1.21. Oritani Financial has a 12 month low of $14.07 and a 12 month high of $18.01. The firm has a market capitalization of $776.90 million, a P/E ratio of 15.09 and a beta of 0.62.
In other Oritani Financial news, insider Ann Jetton sold 16,000 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $17.95, for a total transaction of $287,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin J. Lynch sold 37,959 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $17.26, for a total value of $655,172.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,213 shares of company stock valued at $1,264,156. Corporate insiders own 10.19% of the company’s stock.
Several institutional investors have recently bought and sold shares of ORIT. Wells Fargo & Company MN boosted its stake in shares of Oritani Financial by 8.1% during the 3rd quarter. Wells Fargo & Company MN now owns 119,169 shares of the bank’s stock worth $1,853,000 after buying an additional 8,955 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Oritani Financial by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 643,863 shares of the bank’s stock worth $10,012,000 after buying an additional 25,810 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Oritani Financial by 3.4% during the 3rd quarter. BlackRock Inc. now owns 5,850,064 shares of the bank’s stock worth $90,968,000 after buying an additional 191,718 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oritani Financial by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,700,298 shares of the bank’s stock worth $57,539,000 after buying an additional 175,346 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Oritani Financial by 5.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,720,300 shares of the bank’s stock worth $26,751,000 after buying an additional 94,633 shares during the last quarter. Institutional investors own 66.89% of the company’s stock.
About Oritani Financial
Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers. The company accepts a range of deposit products, such as non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits.
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