Astoria Financial Corporation (NYSE:AF) insider Monte N. Redman sold 6,611 shares of Astoria Financial Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $20.02, for a total transaction of $132,352.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Astoria Financial Corporation (AF) traded down 0.31% during mid-day trading on Friday, reaching $19.24. 986,043 shares of the company’s stock traded hands. Astoria Financial Corporation has a 12-month low of $14.11 and a 12-month high of $21.66. The company’s 50 day moving average is $19.96 and its 200 day moving average is $19.75. The company has a market cap of $1.94 billion, a P/E ratio of 33.52 and a beta of 0.56.
Astoria Financial Corporation (NYSE:AF) last posted its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $90.38 million for the quarter, compared to the consensus estimate of $91.76 million. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. On average, analysts predict that Astoria Financial Corporation will post $0.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, August 3rd. Astoria Financial Corporation’s payout ratio is 27.59%.
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A number of research firms recently weighed in on AF. Jefferies Group LLC restated a “hold” rating and set a $17.00 target price on shares of Astoria Financial Corporation in a research note on Friday, June 16th. BidaskClub upgraded shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 target price on the stock in a research note on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Astoria Financial Corporation has a consensus rating of “Hold” and an average target price of $20.25.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Astoria Financial Corporation by 50,276.1% in the first quarter. BlackRock Inc. now owns 11,575,917 shares of the savings and loans company’s stock valued at $237,422,000 after buying an additional 11,552,938 shares during the last quarter. Wellington Management Group LLP bought a new position in Astoria Financial Corporation during the first quarter valued at about $86,682,000. Chicago Capital Management LLC increased its position in Astoria Financial Corporation by 3,701.7% in the second quarter. Chicago Capital Management LLC now owns 1,504,105 shares of the savings and loans company’s stock valued at $30,308,000 after buying an additional 1,464,541 shares during the last quarter. Renaissance Technologies LLC increased its position in Astoria Financial Corporation by 101.6% in the first quarter. Renaissance Technologies LLC now owns 2,366,350 shares of the savings and loans company’s stock valued at $48,534,000 after buying an additional 1,192,450 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Astoria Financial Corporation by 90.3% in the first quarter. Bank of America Corp DE now owns 2,373,224 shares of the savings and loans company’s stock valued at $48,674,000 after buying an additional 1,126,404 shares during the last quarter. 86.63% of the stock is currently owned by institutional investors and hedge funds.
About Astoria Financial Corporation
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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