Astoria Financial Corp. (AF) Sees Strong Trading Volume
Shares of Astoria Financial Corp. (NYSE:AF) saw an uptick in trading volume on Monday . 850,232 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 551,239 shares.The stock last traded at $14.89 and had previously closed at $15.00.
A number of research firms recently commented on AF. TheStreet upgraded shares of Astoria Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Zacks Investment Research raised shares of Astoria Financial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of €15.78 ($17.53).
The company’s 50-day moving average price is $15.20 and its 200 day moving average price is $15.21. The company has a market cap of $1.49 billion and a PE ratio of 19.11.
Other hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its stake in Astoria Financial Corp. by 1.4% in the fourth quarter. Nationwide Fund Advisors now owns 82,044 shares of the company’s stock valued at $1,300,000 after buying an additional 1,114 shares during the period. Comerica Bank boosted its stake in Astoria Financial Corp. by 0.3% in the fourth quarter. Comerica Bank now owns 92,255 shares of the company’s stock valued at $1,369,000 after buying an additional 302 shares during the period. Gabelli Funds LLC purchased a new stake in Astoria Financial Corp. during the fourth quarter valued at $1,585,000. Pear Tree Advisors Inc. purchased a new stake in Astoria Financial Corp. during the fourth quarter valued at $1,904,000. Finally, Rhumbline Advisers boosted its stake in Astoria Financial Corp. by 4.1% in the fourth quarter. Rhumbline Advisers now owns 153,482 shares of the company’s stock valued at $2,433,000 after buying an additional 6,025 shares during the period.
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business includes the operation of its wholly owned subsidiary, Astoria 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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