The CAO of Oritani Financial is Exercising Options


Today it was reported that the CAO of Oritani Financial (ORIT), Ann Jetton, exercised options to sell 16,000 ORIT shares at $11.95 a share, for a total transaction value of $287.2K.

Following Ann Jetton’s last ORIT Sell transaction on May 02, 2016, the stock climbed by 3.9%. In addition to Ann Jetton, 2 other ORIT executives reported Sell trades in the last month.

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Based on Oritani Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $40.88 million and quarterly net profit of $13.43 million. In comparison, last year the company earned revenue of $38.63 million and had a net profit of $3.97 million. ORIT’s market cap is $802.4M and the company has a P/E ratio of 14.83. Currently, Oritani Financial has an average volume of 214.3K.

In the last 30 days, insiders have sold $287.2K worth of ORIT shares and purchased $305.7K worth of ORIT shares. The insider sentiment on Oritani Financial has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Oritani Financial Corp. engages in the business of holding the common stock of Oritani Bank. It also operates as a holding company of limited liability companies that own a variety of real estate investments. The company was founded in 1998 and is headquartered in Township of Washington, NJ.

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