Insider Selling: Oritani Financial Corp. EVP Sells 89,205 Shares of Stock (ORIT)
Oritani Financial Corp. (NASDAQ:ORIT) EVP Thomas Guinan sold 89,205 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $15.54, for a total transaction of $1,386,245.70. Following the completion of the sale, the executive vice president now directly owns 208,597 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ORIT. Analysts at Zacks downgraded shares of Oritani Financial Corp. (NASDAQ:ORIT) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $17.80 price target on the stock. Separately, analysts at FIG Partners initiated coverage on shares of Oritani Financial Corp. (NASDAQ:ORIT) in a research note to investors on Monday, August 12th. They set a “positive” rating on the stock.
Oritani Financial Corp. (NASDAQ:ORIT) traded up 1.03% on Friday, hitting $15.64. The stock had a trading volume of 122,267 shares. Oritani Financial Corp. has a 52 week low of $13.70 and a 52 week high of $16.90. The stock’s 50-day moving average is $16.01 and its 200-day moving average is $15.57. The company has a market cap of $651.8 million and a price-to-earnings ratio of 16.83.
Oritani Financial Corp. is the holding company for Oritani Bank. Oritani Bank is a New Jersey-chartered savings bank.
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