Oritani Financial (ORIT) Upgraded at BidaskClub

BidaskClub upgraded shares of Oritani Financial (NASDAQ:ORIT) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Separately, ValuEngine downgraded shares of Oritani Financial from a hold rating to a sell rating in a research note on Thursday, September 27th.

Shares of NASDAQ ORIT remained flat at $$15.21 on Wednesday. 215,039 shares of the company’s stock were exchanged, compared to its average volume of 175,882. Oritani Financial has a fifty-two week low of $14.89 and a fifty-two week high of $17.70. The company has a market capitalization of $709.09 million, a P/E ratio of 13.23 and a beta of 0.38. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.07.



In other news, SVP Philip Wyks sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $15.97, for a total transaction of $111,790.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.19% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Oritani Financial by 7.6% during the second quarter. Bank of America Corp DE now owns 49,765 shares of the bank’s stock valued at $806,000 after buying an additional 3,509 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Oritani Financial by 5.4% during the second quarter. Legal & General Group Plc now owns 84,130 shares of the bank’s stock valued at $1,363,000 after buying an additional 4,329 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Oritani Financial by 0.6% during the first quarter. Northern Trust Corp now owns 779,184 shares of the bank’s stock valued at $11,962,000 after buying an additional 4,924 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Oritani Financial by 11.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,390 shares of the bank’s stock valued at $1,027,000 after buying an additional 6,500 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of Oritani Financial by 2.3% during the second quarter. Systematic Financial Management LP now owns 294,395 shares of the bank’s stock valued at $4,769,000 after buying an additional 6,710 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

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. 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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