Analysts Set Astoria Financial Corp. (NYSE:AF) Price Target at $14.75
Astoria Financial Corp. (NYSE:AF) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is €14.30 ($15.89).
A number of analysts recently issued reports on the stock. TheStreet lowered shares of Astoria Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods decreased their target price on shares of Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 9th.
In other news, insider Brian T. Edwards sold 8,204 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of €14.60 ($16.22), for a total value of €119,778.40 ($133,087.11). Following the transaction, the insider now owns 55,062 shares of the company’s stock, valued at approximately €803,905.20 ($893,228). The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.74% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of AF. BlackRock Inc. increased its position in shares of Astoria Financial Corp. by 119.2% in the first quarter. BlackRock Inc. now owns 6,325 shares of the company’s stock worth $100,000 after buying an additional 3,440 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Astoria Financial Corp. during the second quarter worth approximately $160,000. PineBridge Investments L.P. increased its position in shares of Astoria Financial Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 11,575 shares of the company’s stock worth $178,000 after buying an additional 424 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Astoria Financial Corp. during the second quarter worth approximately $179,000. Finally, Teacher Retirement System of Texas increased its position in shares of Astoria Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,688 shares of the company’s stock worth $195,000 after buying an additional 1,536 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Astoria Financial Corp. (NYSE:AF) opened at 14.51 on Tuesday. The stock’s 50 day moving average price is $14.96 and its 200-day moving average price is $15.14. Astoria Financial Corp. has a 52-week low of $13.92 and a 52-week high of $18.13. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 22.39 and a beta of 0.70.
Astoria Financial Corp. (NYSE:AF) last announced its earnings results on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. Astoria Financial Corp. had a net margin of 14.49% and a return on equity of 4.81%. During the same quarter last year, the company earned $0.27 EPS. On average, analysts predict that Astoria Financial Corp. will post $0.61 earnings per share for the current fiscal year.
Astoria Financial Corp. Company Profile
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s 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, 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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