Oritani Financial Corp. (ORIT) was Initiated by Piper Jaffray to “Neutral”. Piper Jaffray advised their investors in a research report released on Apr 14, 2016.
Oritani Financial Corp. opened for trading at $16.78 and hit $17.08 on the upside on Monday, eventually ending the session at $17.04, with a gain of 1.61% or 0.27 points. The heightened volatility saw the trading volume jump to 2,25,679 shares. Company has a market cap of $757 M.
In a different news, on Mar 18, 2016, John M Jr Fields (EVP and CFO) sold 63,813 shares at $16.75 per share price. According to the SEC, on Mar 16, 2016, Michael A Debernardi (EVP and COO) sold 9,605 shares at $16.92 per share price. On Mar 9, 2016, Nicholas Antonaccio (director) sold 13,000 shares at $17.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank’s principal business consists of attracting retail and commercial bank deposits from the public in the areas surrounding its corporate office in the Township of Washington New Jersey. It invests those deposits together with funds generated from operations in commercial real estate loans one- to four-family residential mortgage loans as well as in second mortgage and equity loans and investment securities. The Bank provides a range of deposit banking services to individual and corporate customers in the New Jersey counties of Bergen Hudson Essex and Passaic. It provides loans to individual and corporate customers in New Jersey as well as corporate customers primarily in portions of the states of New York and Pennsylvania. Its primary sources of funds are deposits borrowings and principal and interest payments on loans and securities.