Insider Selling: Astoria Financial Corporation (AF) VP Sells 22,250 Shares of Stock
Astoria Financial Corporation (NYSE:AF) VP Josie Callari sold 22,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $19.50, for a total transaction of $433,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Josie Callari also recently made the following trade(s):
- On Thursday, August 10th, Josie Callari sold 28,754 shares of Astoria Financial Corporation stock. The shares were sold at an average price of $19.33, for a total transaction of $555,814.82.
Shares of Astoria Financial Corporation (NYSE:AF) traded up 1.02% during mid-day trading on Wednesday, reaching $19.73. 297,313 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $19.97 and its 200-day moving average price is $19.77. The company has a market capitalization of $1.98 billion, a PE ratio of 34.37 and a beta of 0.56. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $21.66.
Astoria Financial Corporation (NYSE:AF) last announced its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The business had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts expect that Astoria Financial Corporation will post $0.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 3rd. Astoria Financial Corporation’s payout ratio is 27.59%.
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Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of Astoria Financial Corporation during the first quarter valued at approximately $163,000. US Bancorp DE boosted its stake in shares of Astoria Financial Corporation by 2.3% in the first quarter. US Bancorp DE now owns 9,703 shares of the savings and loans company’s stock valued at $199,000 after buying an additional 222 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Astoria Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 10,100 shares of the savings and loans company’s stock valued at $207,000 after buying an additional 230 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Astoria Financial Corporation by 1.8% in the second quarter. Amalgamated Bank now owns 12,680 shares of the savings and loans company’s stock valued at $256,000 after buying an additional 224 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Astoria Financial Corporation by 4.0% in the second quarter. Stifel Financial Corp now owns 12,762 shares of the savings and loans company’s stock valued at $257,000 after buying an additional 487 shares during the last quarter. Institutional investors and hedge funds own 86.89% of the company’s stock.
Several research analysts have recently weighed in on AF shares. Keefe, Bruyette & Woods raised shares of Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price objective for the company in a report on Thursday, April 27th. BidaskClub raised shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $17.00 price objective on shares of Astoria Financial Corporation in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Astoria Financial Corporation has an average rating of “Hold” and an average target price of $20.25.
Astoria Financial Corporation Company Profile
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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