Oritani Financial Corp. (ORIT) Stake Held by Swiss National Bank
Swiss National Bank maintained its position in Oritani Financial Corp. (NASDAQ:ORIT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,600 shares of the bank’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of Oritani Financial Corp. worth $1,101,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of ORIT. Vanguard Group Inc. raised its stake in Oritani Financial Corp. by 8.1% in the first quarter. Vanguard Group Inc. now owns 3,964,084 shares of the bank’s stock valued at $67,390,000 after purchasing an additional 296,772 shares in the last quarter. Renaissance Technologies LLC raised its stake in Oritani Financial Corp. by 13.0% in the first quarter. Renaissance Technologies LLC now owns 1,690,425 shares of the bank’s stock valued at $28,737,000 after purchasing an additional 195,100 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Oritani Financial Corp. by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,710,712 shares of the bank’s stock valued at $46,082,000 after purchasing an additional 172,780 shares in the last quarter. Citadel Advisors LLC raised its stake in Oritani Financial Corp. by 781.8% in the first quarter. Citadel Advisors LLC now owns 132,871 shares of the bank’s stock valued at $2,259,000 after purchasing an additional 117,802 shares in the last quarter. Finally, State Street Corp raised its stake in Oritani Financial Corp. by 10.9% in the first quarter. State Street Corp now owns 1,197,925 shares of the bank’s stock valued at $20,363,000 after purchasing an additional 117,729 shares in the last quarter. 63.77% of the stock is owned by institutional investors and hedge funds.
ORIT has been the subject of a number of analyst reports. ValuEngine raised Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $17.00 price target on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd. Finally, BidaskClub raised Oritani Financial Corp. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.
Oritani Financial Corp. (NASDAQ:ORIT) opened at 17.10 on Monday. The firm’s 50-day moving average price is $16.45 and its 200 day moving average price is $16.70. The firm has a market cap of $750.07 million, a P/E ratio of 15.55 and a beta of 0.33. Oritani Financial Corp. has a 52 week low of $15.30 and a 52 week high of $19.00.
In other Oritani Financial Corp. news, EVP Thomas Guinan sold 23,007 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $16.16, for a total value of $371,793.12. Following the completion of the transaction, the executive vice president now owns 108,211 shares in the company, valued at approximately $1,748,689.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 119,492 shares of company stock valued at $1,943,034. 12.12% of the stock is owned by corporate insiders.
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Oritani Financial Corp. 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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