17.04 % to Target, KBW Reaffirms ‘”Hold”’ Rating on Oritani Financial (NASDAQ:ORIT) Shares Today

April 16, 2018 - By Vivian Park

Oritani Financial Corp. (NASDAQ:ORIT) Logo

Investors sentiment decreased to 1 in Q4 2017. Its down 0.27, from 1.27 in 2017Q3. It turned negative, as 10 investors sold Oritani Financial Corp. shares while 44 reduced holdings. 16 funds opened positions while 38 raised stakes. 27.90 million shares or 0.89% less from 28.16 million shares in 2017Q3 were reported.

Credit Suisse Ag invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Gradient Invs Limited Liability holds 0.01% or 9,148 shares in its portfolio. Clarivest Asset Ltd Liability Com stated it has 12,148 shares. New York State Teachers Retirement System holds 0% or 51,555 shares in its portfolio. Gabelli Funds Limited Company holds 0.02% or 213,000 shares in its portfolio. Alliancebernstein Lp invested in 53,014 shares or 0% of the stock. Price T Rowe Assoc Md stated it has 33,608 shares or 0% of all its holdings. Blackrock reported 0% in Oritani Financial Corp. (NASDAQ:ORIT). Schwab Charles Invest stated it has 177,387 shares or 0% of all its holdings. Driehaus Cap Mgmt Ltd Liability Corp has 334,610 shares for 0.21% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,725 shares. Ls Investment Advisors Ltd Liability Company, Michigan-based fund reported 1,042 shares. Ubs Asset Mngmt Americas Inc owns 12,098 shares. Qs Llc has invested 0% in Oritani Financial Corp. (NASDAQ:ORIT). Schroder Investment Mgmt Grp holds 0% or 24,602 shares.

Oritani Financial (NASDAQ:ORIT) Rating Reaffirmed

KBW now has a $18.0 target price on the $712.19 million market cap company or 17.04 % upside potential. In a report revealed to clients on Thursday, 21 December, Oritani Financial (NASDAQ:ORIT) shares have had their “Hold” Rating reconfirmed by professional analysts at KBW.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.27, from 1.27 in 2017Q3. It turned negative, as 10 investors sold Oritani Financial Corp. shares while 44 reduced holdings. 16 funds opened positions while 38 raised stakes. 27.90 million shares or 0.89% less from 28.16 million shares in 2017Q3 were reported.

Credit Suisse Ag invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Gradient Invs Limited Liability holds 0.01% or 9,148 shares in its portfolio. Clarivest Asset Ltd Liability Com stated it has 12,148 shares. New York State Teachers Retirement System holds 0% or 51,555 shares in its portfolio. Gabelli Funds Limited Company holds 0.02% or 213,000 shares in its portfolio. Alliancebernstein Lp invested in 53,014 shares or 0% of the stock. Price T Rowe Assoc Md stated it has 33,608 shares or 0% of all its holdings. Blackrock reported 0% in Oritani Financial Corp. (NASDAQ:ORIT). Schwab Charles Invest stated it has 177,387 shares or 0% of all its holdings. Driehaus Cap Mgmt Ltd Liability Corp has 334,610 shares for 0.21% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,725 shares. Ls Investment Advisors Ltd Liability Company, Michigan-based fund reported 1,042 shares. Ubs Asset Mngmt Americas Inc owns 12,098 shares. Qs Llc has invested 0% in Oritani Financial Corp. (NASDAQ:ORIT). Schroder Investment Mgmt Grp holds 0% or 24,602 shares.

Oritani Financial Corp. (NASDAQ:ORIT) Ratings Coverage

Among 2 analysts covering Oritani Financial (NASDAQ:ORIT), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Oritani Financial has $18.0 highest and $16.5000 lowest target. $16.75’s average target is 8.94% above currents $15.375 stock price. Oritani Financial had 4 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Oritani Financial Corp. (NASDAQ:ORIT) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 31. As per Monday, March 26, the company rating was maintained by Sandler O’Neill. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The stock of Oritani Financial Corp. (NASDAQ:ORIT) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26.

The stock increased 0.82% or $0.125 during the last trading session, reaching $15.375. About 15,541 shares traded. Oritani Financial Corp. (NASDAQ:ORIT) has declined 5.34% since April 16, 2017 and is downtrending. It has underperformed by 16.89% the S&P500.

Analysts await Oritani Financial Corp. (NASDAQ:ORIT) to report earnings on April, 27. They expect $0.28 EPS, down 48.15 % or $0.26 from last year’s $0.54 per share. ORIT’s profit will be $12.97 million for 13.73 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by Oritani Financial Corp. for the previous quarter, Wall Street now forecasts -3.45 % negative EPS growth.

Oritani Financial Corp. operates as a savings and loan holding firm for Oritani Bank that provides various banking services for individual and corporate clients in the United States. The company has market cap of $712.19 million. 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. It has a 16.2 P/E ratio. The firm also provides residential commercial real estate loans comprising mortgage loans secured by apartment buildings; commercial real estate loans, including mortgage loans secured by retail anchor shopping centers, commercial offices, retail space, warehouses, and mixed-use buildings; and residential real estate loans, such as one to four family residential real property and home equity loans.

Oritani Financial Corp. (NASDAQ:ORIT) Institutional Positions Chart

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