Analysts Set Astoria Financial Corp. (NYSE:AF) Price Target at $14.75
Shares of Astoria Financial Corp. (NYSE:AF) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is €14.30 ($15.89).
AF has been the topic of several analyst reports. TheStreet raised Astoria Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Keefe, Bruyette & Woods cut their price objective on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 9th.
In other Astoria Financial Corp. news, insider Brian T. Edwards sold 8,204 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of €14.60 ($16.22), for a total value of €119,778.40 ($133,087.11). Following the sale, the insider now directly owns 55,062 shares in the company, valued at €803,905.20 ($893,228). The sale was disclosed in a filing with the SEC, which is accessible through this link. 10.74% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of AF. BlackRock Inc. raised its stake in Astoria Financial Corp. by 119.2% in the first quarter. BlackRock Inc. now owns 6,325 shares of the company’s stock worth $100,000 after buying an additional 3,440 shares during the last quarter. Amalgamated Bank bought a new stake in Astoria Financial Corp. during the second quarter worth about $160,000. PineBridge Investments L.P. raised its stake in Astoria Financial Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 11,575 shares of the company’s stock worth $178,000 after buying an additional 424 shares during the last quarter. Citadel Advisors LLC bought a new stake in Astoria Financial Corp. during the second quarter worth about $179,000. Finally, Teacher Retirement System of Texas raised its stake in Astoria Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,688 shares of the company’s stock worth $195,000 after buying an additional 1,536 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.
Shares of Astoria Financial Corp. (NYSE:AF) opened at 14.37 on Tuesday. Astoria Financial Corp. has a 12-month low of $13.92 and a 12-month high of $18.13. The stock’s 50 day moving average price is $14.95 and its 200 day moving average price is $15.13. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.18 and a beta of 0.70.
Astoria Financial Corp. (NYSE:AF) last announced its earnings results on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Astoria Financial Corp. had a return on equity of 4.81% and a net margin of 14.49%. During the same quarter in the previous year, the business earned $0.27 EPS. Equities research analysts expect that Astoria Financial Corp. will post $0.61 earnings per share for the current year.
About Astoria Financial Corp.
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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