BidaskClub upgraded shares of Oritani Financial (NASDAQ:ORIT) from a strong sell rating to a sell rating in a report published on Monday morning.
Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Oritani Financial from a hold rating to a buy rating in a research note on Friday, December 1st. FIG Partners reissued a market-perform rating on shares of Oritani Financial in a report on Thursday, October 26th.
Oritani Financial (NASDAQ ORIT) opened at $16.40 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.99. Oritani Financial has a one year low of $15.30 and a one year high of $17.75. The company has a market capitalization of $756.68, a PE ratio of 11.93 and a beta of 0.38.
A number of institutional investors have recently made changes to their positions in the stock. Gradient Investments LLC bought a new stake in Oritani Financial in the fourth quarter valued at about $150,000. KBC Group NV increased its holdings in Oritani Financial by 72.0% in the fourth quarter. KBC Group NV now owns 48,619 shares of the bank’s stock valued at $797,000 after buying an additional 20,359 shares during the last quarter. California Public Employees Retirement System increased its holdings in Oritani Financial by 23.7% in the fourth quarter. California Public Employees Retirement System now owns 105,331 shares of the bank’s stock valued at $1,727,000 after buying an additional 20,152 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Oritani Financial in the fourth quarter valued at about $218,000. Finally, Aperio Group LLC increased its holdings in Oritani Financial by 13.4% in the fourth quarter. Aperio Group LLC now owns 42,654 shares of the bank’s stock valued at $700,000 after buying an additional 5,028 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This report was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://sportsperspectives.com/2018/02/08/oritani-financial-orit-upgraded-at-bidaskclub.html.
About Oritani Financial
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.
Receive News & Ratings for Oritani Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oritani Financial and related companies with MarketBeat.com's FREE daily email newsletter.