Oritani Financial Corp (ORIT) Files Form 4 Insider Selling : Thomas Guinan Sells 81,582 Shares

Oritani Financial Corp (ORIT): Thomas Guinan , EVP and CLO of Oritani Financial Corp sold 81,582 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $16.78 per share for a total value of $1,367,505.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Ann Jetton (Comptroller) sold 29,806 shares at $17.49 per share price.On Mar 18, 2016, John M Jr Fields (EVP and CFO) sold 63,813 shares at $16.75 per share price.Also, 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.

Oritani Financial Corp.: On Tuesday, May 10, 2016 heightened volatility was witnessed in Oritani Financial Corp. which led to swings in the share price. The shares opened for trading at $16.7 and hit $16.95 on the upside , eventually ending the session at $16.77, with a gain of 0.42% or 0.07 points. The heightened volatility saw the trading volume jump to 1,39,391 shares. The 52-week high of the share price is $17.6289 and the company has a market cap of $757 M . The 52-week low of the share price is at $14.45.

Oritani Financial Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Oritani Financial Corp. is Initiated by Piper Jaffray to Neutral. The Rating was issued on Apr 14, 2016.

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.

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