Astoria Financial Corp. (AF) Sees Unusually-High Trading Volume
Astoria Financial Corp. (NYSE:AF) saw unusually-strong trading volume on Monday . Approximately 632,612 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 525,905 shares.The stock last traded at $14.75 and had previously closed at $14.77.
Several equities research analysts have commented on AF shares. TheStreet raised shares of Astoria Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Keefe, Bruyette & Woods lowered their price target on shares of Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of €15.38 ($17.47).
The company has a market capitalization of $1.48 billion and a PE ratio of 22.75. The firm has a 50-day moving average of $14.83 and a 200-day moving average of $15.20.
Astoria Financial Corp. (NYSE:AF) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. During the same quarter in the previous year, the company earned $0.27 EPS. Analysts forecast that Astoria Financial Corp. will post $0.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, August 4th.
In other Astoria Financial Corp. news, insider Brian T. Edwards sold 8,204 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of €14.60 ($16.59), for a total transaction of €119,778.40 ($136,111.82). Following the transaction, the insider now directly owns 55,062 shares of the company’s stock, valued at approximately €803,905.20 ($913,528.64). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Astoria Financial Corp. stock. Morgan Stanley raised its stake in Astoria Financial Corp. (NYSE:AF) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 872,431 shares of the company’s stock after buying an additional 180,725 shares during the period. Morgan Stanley owned 0.87% of Astoria Financial Corp. worth $13,827,000 as of its most recent filing with the SEC.
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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