ValuEngine upgraded shares of Oritani Financial Corp. (NASDAQ:ORIT) from a hold rating to a buy rating in a report released on Thursday morning.

Separately, BidaskClub downgraded Oritani Financial Corp. from a sell rating to a strong sell rating in a report on Sunday, July 16th.

Shares of Oritani Financial Corp. (ORIT) opened at 16.90 on Thursday. Oritani Financial Corp. has a 12 month low of $15.35 and a 12 month high of $19.00. The firm’s 50-day moving average price is $17.08 and its 200-day moving average price is $17.06. The firm has a market capitalization of $736.57 million, a price-to-earnings ratio of 13.08 and a beta of 0.34.

Oritani Financial Corp. (NASDAQ:ORIT) last announced its quarterly earnings results on Friday, April 28th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Oritani Financial Corp. had a return on equity of 10.56% and a net margin of 33.26%. The company had revenue of $48.54 million during the quarter, compared to the consensus estimate of $27.70 million. On average, equities analysts anticipate that Oritani Financial Corp. will post $1.00 earnings per share for the current year.

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In related news, EVP Thomas Guinan sold 59,772 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $16.85, for a total transaction of $1,007,158.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Philip Wyks sold 10,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $16.67, for a total value of $166,700.00. Following the transaction, the senior vice president now owns 26,698 shares of the company’s stock, valued at $445,055.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,772 shares of company stock valued at $2,276,358. 15.27% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund increased its position in Oritani Financial Corp. by 0.6% in the first quarter. Texas Permanent School Fund now owns 27,893 shares of the bank’s stock worth $474,000 after buying an additional 174 shares during the last quarter. Tudor Investment Corp ET AL increased its position in Oritani Financial Corp. by 2.7% in the first quarter. Tudor Investment Corp ET AL now owns 14,102 shares of the bank’s stock worth $240,000 after buying an additional 373 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Oritani Financial Corp. by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the bank’s stock worth $267,000 after buying an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Oritani Financial Corp. by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,063 shares of the bank’s stock worth $137,000 after buying an additional 405 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Oritani Financial Corp. by 2.6% in the first quarter. Arizona State Retirement System now owns 20,102 shares of the bank’s stock worth $342,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.

Oritani Financial Corp. Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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