Keefe, Bruyette & Woods restated their buy rating on shares of Astoria Financial Corporation (NYSE:AF) in a research note released on Sunday. The brokerage currently has a $25.50 price target on the savings and loans company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC reaffirmed a hold rating and issued a $17.00 price target on shares of Astoria Financial Corporation in a research report on Friday, June 16th. BidaskClub raised shares of Astoria Financial Corporation from a strong sell rating to a sell rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $20.25.

Astoria Financial Corporation (NYSE:AF) opened at 19.09 on Friday. The company has a market capitalization of $1.92 billion, a P/E ratio of 33.26 and a beta of 0.55. The company has a 50-day moving average of $19.61 and a 200-day moving average of $19.84. Astoria Financial Corporation has a 1-year low of $14.11 and a 1-year high of $21.66.

Astoria Financial Corporation (NYSE:AF) last released 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 consensus estimate of $0.13 by $0.03. The company had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Equities analysts expect that Astoria Financial Corporation will post $0.54 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were given a $0.04 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. Astoria Financial Corporation’s payout ratio is presently 27.59%.

In related news, Vice Chairman Gerard C. Keegan sold 34,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $19.94, for a total transaction of $681,010.82. Following the completion of the transaction, the insider now owns 228,414 shares in the company, valued at approximately $4,554,575.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Monte N. Redman sold 6,611 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $20.02, for a total transaction of $132,352.22. The disclosure for this sale can be found here. Insiders sold a total of 435,902 shares of company stock valued at $8,613,709 in the last ninety days. Corporate insiders own 9.76% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AF. Teachers Advisors LLC raised its stake in shares of Astoria Financial Corporation by 25.4% during the 4th quarter. Teachers Advisors LLC now owns 190,233 shares of the savings and loans company’s stock worth $3,548,000 after acquiring an additional 38,564 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Astoria Financial Corporation by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the savings and loans company’s stock worth $761,000 after acquiring an additional 400 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Astoria Financial Corporation by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 10,100 shares of the savings and loans company’s stock worth $207,000 after acquiring an additional 230 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Astoria Financial Corporation by 30.7% during the 1st quarter. Nationwide Fund Advisors now owns 101,603 shares of the savings and loans company’s stock worth $2,084,000 after acquiring an additional 23,844 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Astoria Financial Corporation by 424.6% during the 1st quarter. Russell Investments Group Ltd. now owns 108,312 shares of the savings and loans company’s stock worth $2,222,000 after acquiring an additional 87,666 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

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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