Shares of Oritani Financial Corp. (NASDAQ:ORIT) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus target price of $17.00 for the company and are expecting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Oritani Financial an industry rank of 207 out of 256 based on the ratings given to its competitors.
ORIT has been the subject of a number of analyst reports. BidaskClub raised Oritani Financial from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Zacks Investment Research cut Oritani Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.
Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Oritani Financial by 22.6% during the first quarter. Versant Capital Management Inc now owns 3,229 shares of the bank’s stock valued at $53,000 after acquiring an additional 595 shares during the period. BNP Paribas Arbitrage SA increased its stake in Oritani Financial by 127.2% during the first quarter. BNP Paribas Arbitrage SA now owns 8,844 shares of the bank’s stock valued at $147,000 after acquiring an additional 4,951 shares during the period. Bank of Montreal Can increased its stake in Oritani Financial by 820.0% during the fourth quarter. Bank of Montreal Can now owns 10,359 shares of the bank’s stock valued at $152,000 after acquiring an additional 9,233 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Oritani Financial during the fourth quarter valued at about $169,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in Oritani Financial by 350.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,060 shares of the bank’s stock valued at $193,000 after acquiring an additional 10,163 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.
ORIT traded up $0.05 during trading on Thursday, reaching $16.11. 904 shares of the stock traded hands, compared to its average volume of 132,276. The stock has a market cap of $721.78 million, a PE ratio of 13.99 and a beta of 0.65. Oritani Financial has a fifty-two week low of $14.07 and a fifty-two week high of $18.01. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s 50-day moving average price is $16.40.
Oritani Financial (NASDAQ:ORIT) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Oritani Financial had a return on equity of 9.68% and a net margin of 33.03%. The company had revenue of $25.20 million during the quarter, compared to analyst estimates of $26.00 million. On average, equities research analysts expect that Oritani Financial will post 1.14 EPS for the current year.
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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