ORIT has been the topic of several other research reports. Sandler O’Neill upgraded shares of Oritani Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.00 to $19.00 in a report on Thursday, June 27th. Zacks Investment Research upgraded shares of Oritani Financial from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, ValuEngine cut shares of Oritani Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Oritani Financial has an average rating of “Hold” and an average price target of $19.00.
Shares of ORIT stock traded up $0.24 during trading hours on Thursday, hitting $18.46. 209,102 shares of the company’s stock were exchanged, compared to its average volume of 209,748. The company has a market capitalization of $821.27 million, a PE ratio of 15.64 and a beta of 0.69. Oritani Financial has a 12-month low of $14.07 and a 12-month high of $18.55. The business’s 50 day simple moving average is $17.64 and its 200-day simple moving average is $17.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99.
Several institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in shares of Oritani Financial in the third quarter worth approximately $2,355,000. Denali Advisors LLC grew its holdings in shares of Oritani Financial by 130.2% in the third quarter. Denali Advisors LLC now owns 117,400 shares of the bank’s stock worth $2,077,000 after purchasing an additional 66,400 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Oritani Financial by 125.7% in the third quarter. State of Alaska Department of Revenue now owns 29,451 shares of the bank’s stock worth $521,000 after purchasing an additional 16,400 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Oritani Financial in the second quarter worth approximately $289,000. Finally, United Services Automobile Association bought a new position in shares of Oritani Financial in the second quarter worth approximately $357,000. Hedge funds and other institutional investors own 69.16% 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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