Oritani Financial (NASDAQ:ORIT)

CAPS Rating: 2 out of 5

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Member Avatar grankh (75.07) Submitted: 10/19/2013 6:42:35 PM : Outperform Start Price: $15.08 ORIT Score: -20.28

Another financial play, and another real-life holding of mine. A lot of the better investing ideas I have been finding are in the financial sector. So in real-life, I am having to make sure I don't get overweighted in Financials and Energy-related stocks, (where I am also finding a lot of attractive deals). This is another regional bank stock. (I like the regionals much better than the mega-banks, as the regionals did not tend to over-extend themselves on MBS's or other shaky investments.

Their sales have grown about 9% each year for the past 2 years, and their EPS has grown about 30% annually over the past 2 years. Their profit margin has gone up in each of the past 5 years. Their earned-on-equity has gone up in each of the past 4 years. Sadly, their debt has also grown greatly over the past couple of years, so that is a worrisome trend, and one which could make me change my positive opinion on this stock. The P/E ratio is inline with recent averages, and the PEG ratio is attractive. It also pays a pretty attractive dividend yield of about 4.5%, and the dividend has been raised in each of the past 4 years.

I think the stock could be worth about $44 or more in 5 years time, if it can keep up its current growth rates. Including the dividend, this would give me an annual growth of 28% for my investment, which is almost double my 15% per year goal. Hopefully, my thesis is correct.

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Member Avatar liverless (23.75) Submitted: 10/3/2010 4:44:48 PM : Outperform Start Price: $7.91 ORIT Score: +10.80

Based in Northern New Jersey, one of the conference calls that they are in one of the wealthiest markets in the country with an average income of $81K, versus 50K for the US as a whole. Specialize in commercial loans (not construction) and multifamily dwellings. Oritani has non-performing loans of only 1.7% . Fairly cheap on book (book of $11.45). There is room for growth because their balance sheet is so good and because of a recent offering they did. Oritani was a mutual holding company thatt went 100% public in June, and raised a bunch of money doing so. Have $6/share in cash on their balance sheet. Cash gives them an equity to asset ratio is 0.26, which is a lot higher then most banks. Put that together with a good loan book and a good area to invest in, along with their history of being a traditionally conservative lender, means they should be able to grow their loan book with high quality loans.

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Member Avatar jsgant13 (99.18) Submitted: 9/22/2010 6:58:46 PM : Outperform Start Price: $7.74 ORIT Score: +12.10

demutilization?

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Member Avatar BadCopNoDonuts (< 20) Submitted: 9/18/2010 11:19:18 AM : Outperform Start Price: $7.88 ORIT Score: +9.17

Following Deej. See if it works!

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Member Avatar Paramnesia1930 (29.10) Submitted: 11/28/2009 11:25:10 PM : Underperform Start Price: $9.69 ORIT Score: +32.63

As confidence in the recovery breaks down, equities will fall and the dollar will rise. Financials, commodities, and cyclical stocks will be the most negatively affected. P/E Ratio of 62.

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