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

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

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Oritani Financial Corp. is in 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 0.06% with an open at 16.25 and a close of 16.20. It reached an intraday high of 16.35 and a low of 16.09.

SeekingAlpha:  Oritani Financial misses by $0.01, misses on revenue

Liquidity:

The stock has a market cap of $730.3m with 45.1m shares outstanding, of which the float is 42.5m shares. Trading volume reached 160,861 shares compared to its average volume of 137,386 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 0.68% and in the past 30 trading days it returned -5.04%. Over three months, it changed -6.55%. In one year it has changed 4.41% and within that year its 52-week high was 18.01 and its 52-week low was 14.07. ORIT stock is 15.14% above its 52 Week Low.

Our calculations show a 200 day moving average of 15.79 and a 50 day moving average of 16.67. Currently ORIT stock is trading 2.61% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Oritani Financial misses by $0.01, misses on revenue

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 16.88. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.28. The TTM EPS is 1.19, which comes to a TTM PE of 13.61. 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 15.12, which is a decrease of -6.69%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/22/2019): 0.28
4thQtr of 2018 (Reported on 01/24/2019): 0.31
3rdQtr of 2018 (Reported on 10/29/2018): 0.30
2ndQtr of 2018 (Reported on 07/24/2018): 0.30
1stQtr of 2018 (Reported on 04/25/2018): 0.30

The dividend per share is currently 1.00, which is a dividend yield of 6.17%. 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 9.77, which means it may be overvalued by -65.77%.

Indicators to Watch:

The current calculated beta is 0.65.

SeekingAlpha:  The Retirees’ Dividend Portfolio – John And Jane’s May Taxable Account Update: Monthly Income Record

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 10.19%, return on assets is 1.35%, profit margin is 34.43%, price-to-sales is 4.63 and price-to-book is 1.38.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 4  :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.