Oritani Financial Corp. (ORIT) Receives Daily Media Sentiment Score of 0.18
News headlines about Oritani Financial Corp. (NASDAQ:ORIT) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oritani Financial Corp. earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.4044216816001 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
ORIT has been the topic of a number of research analyst reports. ValuEngine lowered Oritani Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub lowered Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $17.00 target price on shares of Oritani Financial Corp. in a report on Thursday, August 3rd.
Oritani Financial Corp. (ORIT) opened at 17.20 on Thursday. The company’s 50-day moving average price is $16.38 and its 200-day moving average price is $16.70. Oritani Financial Corp. has a 12-month low of $15.30 and a 12-month high of $19.00. The firm has a market capitalization of $754.46 million, a price-to-earnings ratio of 15.64 and a beta of 0.33.
In other news, EVP Thomas Guinan sold 71,478 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $16.29, for a total transaction of $1,164,376.62. Following the transaction, the executive vice president now owns 135,204 shares of the company’s stock, valued at $2,202,473.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 119,492 shares of company stock worth $1,943,034 in the last ninety days. 15.27% of the stock is currently owned by insiders.
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Oritani Financial Corp. Company Profile
Oritani Financial Corp. is a holding company 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.
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