Home Sectors Financial Services Current Technicals: Oritani Financial Corp. (NASDAQ: ORIT)

Current Technicals: Oritani Financial Corp. (NASDAQ: ORIT)

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Oritani Financial Corp. trades as part of the financial services sector and is in the banking industry. The company CEO is Kevin J. Lynch. Oritani Financial Corp is the stock holding company for Oritani Bank. It operates as a retail and commercial bank and provides banking and financial services to individual and business customers in New Jersey.

Previous Intraday Trading Performance:

The ORIT stock showed a previous change of -0.47% with an open at 16.00 and a close of 15.98. It reached an intraday high of 16.05 and a low of 15.80.

SeekingAlpha:  Oritani Financial declares $0.25 dividend

Liquidity:

The stock has a market cap of $744.7m with 46.6m shares outstanding, of which the float is 44.0m shares. Trading volume reached 139,941 shares compared to its average volume of 173,090 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Oritani Financial Corp. shares returned 0.31% and in the past 30 trading days it returned 0.48%. Over three months, it changed 7.11%. In one year it has changed 3.22% and within that year its 52-week high was 17.70 and its 52-week low was 15.00. ORIT stock is 6.50% above its 52 Week Low.

Our calculations show a 200 day moving average of 15.64 and a 50 day moving average of 16.12. Currently ORIT stock is trading 2.12% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Oritani Financial reports Q4 results

Earnings:

The last annual fiscal EPS for the company was reported at 1.16 that ended on 30th of June 2018, which according to the previous close, that is a PE of 16.64. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.27. The TTM EPS is 1.37, which comes to a TTM PE of 11.66. Historically, the PE high was 18.40 and the PE low was 11.66. ORIT stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
06-30-2018:  0.30
03-31-2018:  0.30
12-31-2017:  0.29
09-30-2017:  0.27

The dividend per share is currently 1.00, which is a dividend yield of 6.26%. ORIT stock may not have enough earnings to cover future dividends and still be able to invest in the business, therefore the dividend may be cut in the future.

Base on our calculations, the intrinsic value per share is 11.36, which means it may be overvalued by -40.66%

Indicators to Watch:

Based on the latest filings, there is 5.60% of insider ownership and 71.30% of institutional ownership. Short-interest is 2,287,155, which is 4.91% of shares outstanding. The short-interest ratio or days-to-cover ratio is 12.03. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.38

SeekingAlpha:  Oritani Financial reports Q4 results

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 7.67%, return on assets is 1.03%, profit margin is 27.44%, price-to-sales is 4.79 and price-to-book is 1.35.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 3  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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