Astoria Financial Corporation (NYSE:AF) insider Monte N. Redman sold 65,558 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $20.07, for a total value of $1,315,749.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Astoria Financial Corporation (NYSE AF) opened at 19.07 on Friday. Astoria Financial Corporation has a 12 month low of $14.11 and a 12 month high of $21.66. The firm’s 50-day moving average price is $19.90 and its 200 day moving average price is $19.77. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 33.22 and a beta of 0.56.
Astoria Financial Corporation (NYSE:AF) last issued its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. On average, analysts anticipate that Astoria Financial Corporation will post $0.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 3rd. Astoria Financial Corporation’s dividend payout ratio (DPR) is currently 27.59%.
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Several brokerages have commented on AF. Keefe, Bruyette & Woods raised Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price objective for the company in a research report on Thursday, April 27th. BidaskClub lowered Astoria Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $17.00 price objective on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.25.
Several large investors have recently modified their holdings of AF. Russell Investments Group Ltd. bought a new stake in shares of Astoria Financial Corporation during the fourth quarter worth $387,000. FMR LLC boosted its stake in shares of Astoria Financial Corporation by 356.8% in the fourth quarter. FMR LLC now owns 70,800 shares of the savings and loans company’s stock worth $1,320,000 after buying an additional 55,300 shares during the period. Guggenheim Capital LLC bought a new stake in shares of Astoria Financial Corporation during the fourth quarter worth $1,151,000. Norges Bank bought a new stake in shares of Astoria Financial Corporation during the fourth quarter worth $14,662,000. Finally, Teachers Advisors LLC boosted its stake in shares of Astoria Financial Corporation by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 190,233 shares of the savings and loans company’s stock worth $3,548,000 after buying an additional 38,564 shares during the period. Hedge funds and other institutional investors own 86.89% 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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