Astoria Financial Corporation (NYSE:AF) Director Patricia M. Nazemetz sold 3,000 shares of the company’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $18.58, for a total transaction of $55,740.00. Following the transaction, the director now owns 9,028 shares of the company’s stock, valued at $167,740.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Astoria Financial Corporation (NYSE:AF) traded up 0.59% during midday trading on Tuesday, hitting $18.74. 114,243 shares of the stock traded hands. Astoria Financial Corporation has a 12-month low of $14.11 and a 12-month high of $19.26. The stock has a market capitalization of $1.88 billion, a PE ratio of 30.23 and a beta of 0.78. The firm’s 50 day moving average is $18.70 and its 200-day moving average is $16.18.
Astoria Financial Corporation (NYSE:AF) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Astoria Financial Corporation had a net margin of 14.14% and a return on equity of 4.57%. During the same period last year, the business earned $0.16 earnings per share. On average, analysts anticipate that Astoria Financial Corporation will post $0.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, February 13th. Astoria Financial Corporation’s dividend payout ratio (DPR) is presently 25.81%.
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A number of institutional investors have recently modified their holdings of AF. Amalgamated Bank acquired a new position in shares of Astoria Financial Corporation during the second quarter valued at about $160,000. Teacher Retirement System of Texas raised its position in shares of Astoria Financial Corporation by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,688 shares of the company’s stock valued at $195,000 after buying an additional 1,536 shares during the period. FNY Partners Fund LP acquired a new position in shares of Astoria Financial Corporation during the fourth quarter valued at about $245,000. Municipal Employees Retirement System of Michigan raised its position in shares of Astoria Financial Corporation by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,260 shares of the company’s stock valued at $296,000 after buying an additional 330 shares during the period. Finally, BlackRock Inc. raised its position in shares of Astoria Financial Corporation by 3.5% in the third quarter. BlackRock Inc. now owns 24,754 shares of the company’s stock valued at $361,000 after buying an additional 840 shares during the period. 75.16% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. Piper Jaffray Companies raised shares of Astoria Financial Corporation from a “neutral” rating to an “overweight” rating and set a $19.50 price target on the stock in a report on Wednesday, December 21st. They noted that the move was a valuation call. FBR & Co lowered shares of Astoria Financial Corporation from a “market perform” rating to an “underperform” rating and set a $15.00 price target on the stock. in a report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Astoria Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $16.67.
Astoria Financial Corporation Company Profile
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s 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, 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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