Highlander Capital Management LLC Has $164,000 Stake in Astoria Financial Corporation (AF)
Highlander Capital Management LLC held its position in shares of Astoria Financial Corporation (NYSE:AF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the savings and loans company’s stock at the close of the second quarter. Highlander Capital Management LLC’s holdings in Astoria Financial Corporation were worth $164,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Astoria Financial Corporation during the first quarter worth $163,000. US Bancorp DE raised its stake in Astoria Financial Corporation by 2.3% during 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. Amalgamated Bank raised its stake in Astoria Financial Corporation by 1.8% during 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. Stifel Financial Corp raised its stake in Astoria Financial Corporation by 4.0% during 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. Finally, GSA Capital Partners LLP raised its stake in Astoria Financial Corporation by 0.7% during the second quarter. GSA Capital Partners LLP now owns 13,385 shares of the savings and loans company’s stock worth $270,000 after buying an additional 91 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.
AF has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $17.00 target price on shares of Astoria Financial Corporation in a research note on Friday, June 16th. BidaskClub downgraded shares of Astoria Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.50 price target on shares of Astoria Financial Corporation in a research note on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.25.
Shares of Astoria Financial Corporation (NYSE AF) traded down 0.60% on Wednesday, hitting $21.50. 16,922,941 shares of the stock were exchanged. The company has a 50-day moving average price of $19.50 and a 200 day moving average price of $19.89. The company has a market cap of $2.16 billion, a PE ratio of 37.46 and a beta of 0.58. Astoria Financial Corporation has a 12 month low of $14.11 and a 12 month high of $21.90.
Astoria Financial Corporation (NYSE:AF) last issued its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $90.38 million during the quarter, compared to analyst estimates of $91.76 million. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. Astoria Financial Corporation’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. Equities analysts forecast that Astoria Financial Corporation will post $0.55 EPS for the current fiscal year.
In related news, Vice Chairman Gerard C. Keegan sold 34,153 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $19.94, for a total value of $681,010.82. Following the completion of the transaction, the insider now directly owns 228,414 shares in the company, valued at approximately $4,554,575.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Monte N. Redman sold 50,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.10, for a total transaction of $1,005,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 435,902 shares of company stock valued at $8,613,709. 9.76% of the stock is owned by company insiders.
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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