HighTower Advisors LLC decreased its holdings in Astoria Financial Corporation (NYSE:AF) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,595 shares of the savings and loans company’s stock after selling 542 shares during the quarter. HighTower Advisors LLC’s holdings in Astoria Financial Corporation were worth $314,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank raised its stake in shares of Astoria Financial Corporation by 1.8% in the 2nd 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 in the last quarter. Stifel Financial Corp raised its stake in shares of Astoria Financial Corporation by 4.0% in the 2nd 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 in the last quarter. GSA Capital Partners LLP raised its stake in shares of Astoria Financial Corporation by 0.7% in the 2nd quarter. GSA Capital Partners LLP now owns 13,385 shares of the savings and loans company’s stock valued at $270,000 after buying an additional 91 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Astoria Financial Corporation by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 14,450 shares of the savings and loans company’s stock valued at $291,000 after buying an additional 244 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Astoria Financial Corporation in the 1st quarter valued at $349,000. Institutional investors own 83.63% of the company’s stock.

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Astoria Financial Corporation (AF) opened at 21.50 on Monday. Astoria Financial Corporation has a 52 week low of $14.11 and a 52 week high of $21.90. The firm has a market cap of $2.16 billion, a PE ratio of 37.46 and a beta of 0.58. The stock has a 50 day moving average of $19.79 and a 200-day moving average of $19.92.

Astoria Financial Corporation (NYSE:AF) last posted its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, topping 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 the consensus estimate of $91.76 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis. Analysts expect that Astoria Financial Corporation will post $0.55 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.50 price objective 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 assigned a hold rating and one has given a buy rating to the stock. Astoria Financial Corporation currently has a consensus rating of “Hold” and an average price target of $20.25.

In related news, insider Monte N. Redman sold 47,434 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.82, for a total value of $940,141.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Monte N. Redman sold 84,942 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $20.02, for a total value of $1,700,538.84. The disclosure for this sale can be found here. Insiders have sold 435,902 shares of company stock valued at $8,613,709 in the last three months. Insiders own 9.76% 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.

Institutional Ownership by Quarter for Astoria Financial Corporation (NYSE:AF)

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