Oritani Financial Corp. (NASDAQ:ORIT) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokers have set a 12-month consensus price target of $17.25 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Oritani Financial an industry rank of 165 out of 265 based on the ratings given to its competitors.

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Several analysts have recently commented on ORIT shares. BidaskClub lowered Oritani Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th. ValuEngine lowered Oritani Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $16.50 price objective on shares of Oritani Financial in a report on Monday, March 26th.

In related news, insider Kevin J. Lynch sold 18,808 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $16.00, for a total value of $300,928.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Philip Wyks sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $15.95, for a total value of $159,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 448,247 shares of company stock valued at $7,129,174. Company insiders own 12.12% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC acquired a new position in shares of Oritani Financial in the 4th quarter valued at $150,000. Stone Ridge Asset Management LLC acquired a new position in shares of Oritani Financial in the 4th quarter valued at $174,000. Teacher Retirement System of Texas acquired a new position in shares of Oritani Financial in the 4th quarter valued at $218,000. Municipal Employees Retirement System of Michigan increased its position in shares of Oritani Financial by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 14,460 shares of the bank’s stock valued at $243,000 after acquiring an additional 5,360 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Oritani Financial in the 4th quarter valued at $254,000. 63.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ORIT remained flat at $$15.35 during midday trading on Thursday. The stock had a trading volume of 7,108 shares, compared to its average volume of 191,017. Oritani Financial has a 12-month low of $15.05 and a 12-month high of $17.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $706.40, a price-to-earnings ratio of 11.72 and a beta of 0.41.

Oritani Financial (NASDAQ:ORIT) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Oritani Financial had a return on equity of 10.96% and a net margin of 26.13%. The firm had revenue of $28.19 million during the quarter, compared to analyst estimates of $28.80 million. research analysts forecast that Oritani Financial will post 1.08 earnings per share for the current fiscal year.

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Oritani Financial Company Profile

Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides various banking services for individual and corporate customers in the United States. It accepts a range of deposit products, including 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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