BidaskClub downgraded shares of Oritani Financial (NASDAQ:ORIT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Oritani Financial from a buy rating to a hold rating in a report on Wednesday, February 28th. Sandler O’Neill reissued a hold rating and issued a $16.50 price target on shares of Oritani Financial in a report on Monday, March 26th. Four equities research analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and a consensus target price of $16.75.
Shares of Oritani Financial traded up $0.05, hitting $16.20, during trading hours on Thursday, according to MarketBeat Ratings. The stock had a trading volume of 162,516 shares, compared to its average volume of 178,819. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 1.22. Oritani Financial has a fifty-two week low of $15.00 and a fifty-two week high of $17.70. The stock has a market cap of $764.51 million, a P/E ratio of 12.35 and a beta of 0.43.
Oritani Financial (NASDAQ:ORIT) last posted its earnings results on Thursday, April 26th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. Oritani Financial had a net margin of 22.22% and a return on equity of 9.02%. The firm had revenue of $27.93 million during the quarter. equities analysts expect that Oritani Financial will post 1.08 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in ORIT. SG Americas Securities LLC purchased a new stake in shares of Oritani Financial during the first quarter worth $104,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Oritani Financial during the fourth quarter worth $174,000. Barclays PLC grew its holdings in shares of Oritani Financial by 120.0% during the first quarter. Barclays PLC now owns 13,805 shares of the bank’s stock worth $212,000 after buying an additional 7,530 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Oritani Financial during the fourth quarter worth $218,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Oritani Financial during the first quarter worth $251,000. 61.02% of the stock is owned by institutional investors and hedge funds.
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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