Home Sectors Financial Services Present Trend: Oritani Financial Corp. (NASDAQ: ORIT)

Present Trend: Oritani Financial Corp. (NASDAQ: ORIT)

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Oritani Financial Corp. trades as part of the banking industry and is in the financial services sector. 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 0.36% with an open at 16.69 and a close of 16.79. It reached an intraday high of 16.96 and a low of 16.69.

SeekingAlpha:  Oritani Financial reports Q2 results

Liquidity:

The stock has a market cap of $755.3m with 45.0m shares outstanding, of which the float is 42.4m shares. Trading volume reached 289,581 shares compared to its average volume of 246,505 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 -2.33% and in the past 30 trading days it returned -0.77%. Over three months, it changed 15.52%. In one year it has changed 12.86% and within that year its 52-week high was 18.01 and its 52-week low was 14.07. ORIT stock is 19.33% above its 52 Week Low.

Our calculations show a 200 day moving average of 15.66 and a 50 day moving average of 16.90. Currently ORIT stock is trading 7.21% above its 200 day moving average.

SeekingAlpha:  Oritani Financial reports Q2 results

Earnings:

The last annual fiscal EPS for the company was reported at 0.96 that ended on 30th of June 2018, which according to the previous close, that is a PE of 17.49. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.26. The TTM EPS is 1.16, which comes to a TTM PE of 14.47. Historically, the PE high was 18.40 and the PE low was 12.70. If the stock reached its PE low, that would represent a price of 14.74, which is a decrease of -12.23%.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.31
09-30-2018:  0.30
06-30-2018:  0.30
03-31-2018:  0.30

The dividend per share is currently 1.00, which is a dividend yield of 5.96%. 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 10.46, which means it may be overvalued by -60.44%

Indicators to Watch:

Based on the latest filings, there is 5.60% of insider ownership and 106.00% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 0.62

Business Wire:  OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 10.00%, return on assets is 1.31%, profit margin is 34.26%, price-to-sales is 4.80 and price-to-book is 1.43.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 0  :Future Growth Score
 5  :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.