Astoria Financial Corporation (NYSE:AF) insider Monte N. Redman sold 47,434 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.82, for a total transaction of $940,141.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Astoria Financial Corporation (NYSE:AF) opened at 19.10 on Friday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 33.28 and a beta of 0.56. Astoria Financial Corporation has a 12 month low of $14.11 and a 12 month high of $21.66. The company has a 50-day moving average of $19.94 and a 200-day moving average of $19.77.

Astoria Financial Corporation (NYSE:AF) last announced its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The company had revenue of $90.38 million during the quarter, compared to analyst estimates of $91.76 million. During the same period last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. Analysts predict that Astoria Financial Corporation will post $0.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be paid a $0.04 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.84%. Astoria Financial Corporation’s dividend payout ratio (DPR) is presently 27.59%.

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Several hedge funds have recently made changes to their positions in AF. BlackRock Inc. raised its stake in shares of 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 worth $237,422,000 after buying an additional 11,552,938 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Astoria Financial Corporation during the first quarter worth $86,682,000. Chicago Capital Management LLC raised its stake in shares of 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 worth $30,308,000 after buying an additional 1,464,541 shares during the period. Renaissance Technologies LLC raised its stake in shares of 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 worth $48,534,000 after buying an additional 1,192,450 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $48,674,000 after buying an additional 1,126,404 shares during the period. Institutional investors own 86.89% of the company’s stock.

Several equities analysts have recently commented on AF shares. Jefferies Group LLC restated a “hold” rating and set a $17.00 price target on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Keefe, Bruyette & Woods upgraded shares of Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price target for the company in a research report on Thursday, April 27th. Finally, BidaskClub upgraded shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.25.

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.

Insider Buying and Selling by Quarter for Astoria Financial Corporation (NYSE:AF)

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