Astoria Financial Corporation (AF) Receives Average Recommendation of “Hold” from Analysts
Shares of Astoria Financial Corporation (NYSE:AF) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.25.
A number of brokerages recently issued reports on AF. BidaskClub upgraded Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target on shares of Astoria Financial Corporation in a report on Friday, June 16th.
In other news, VP Josie Callari sold 28,754 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $19.33, for a total transaction of $555,814.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Monte N. Redman sold 47,434 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.82, for a total value of $940,141.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,902 shares of company stock valued at $8,613,709. 9.76% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Astoria Financial Corporation during the first quarter worth about $163,000. US Bancorp DE increased its position 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 worth $199,000 after buying an additional 222 shares during the last quarter. State of Alaska Department of Revenue increased its position 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 worth $207,000 after buying an additional 230 shares during the last quarter. Amalgamated Bank increased its position 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 worth $256,000 after buying an additional 224 shares during the last quarter. Finally, Stifel Financial Corp increased its position 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 worth $257,000 after buying an additional 487 shares during the last quarter. 86.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Astoria Financial Corporation (NYSE AF) opened at 19.61 on Friday. The company has a market capitalization of $1.97 billion, a P/E ratio of 34.16 and a beta of 0.56. The firm has a 50-day moving average price of $19.77 and a 200-day moving average price of $19.79. 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 results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $90.38 million during the quarter, compared to analyst estimates of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. Astoria Financial Corporation’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities analysts forecast that Astoria Financial Corporation will post $0.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.82%. Astoria Financial Corporation’s dividend payout ratio is currently 27.59%.
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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