Louisiana State Employees Retirement System Maintains Position in Astoria Financial Corp. (AF)
Louisiana State Employees Retirement System continued to hold its position in shares of Astoria Financial Corp. (NYSE:AF) during the second quarter, Holdings Channel reports. The firm owned 40,400 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Astoria Financial Corp. were worth $619,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in Astoria Financial Corp. by 4.5% in the first quarter. Royal Bank of Canada now owns 13,933 shares of the company’s stock worth $221,000 after buying an additional 598 shares during the period. Aperio Group LLC raised its position in Astoria Financial Corp. by 6.2% in the first quarter. Aperio Group LLC now owns 21,990 shares of the company’s stock worth $348,000 after buying an additional 1,278 shares during the period. BlackRock Inc. raised its position 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 period. BlackRock Group LTD raised its position in Astoria Financial Corp. by 3.6% in the first quarter. BlackRock Group LTD now owns 136,918 shares of the company’s stock worth $2,169,000 after buying an additional 4,724 shares during the period. Finally, Nisa Investment Advisors L.L.C. raised its position in Astoria Financial Corp. by 25.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 25,000 shares of the company’s stock worth $396,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.
Astoria Financial Corp. (NYSE:AF) remained flat at $14.19 during midday trading on Friday. 652,012 shares of the company’s stock were exchanged. Astoria Financial Corp. has a 12-month low of $13.92 and a 12-month high of $18.13. The company has a 50-day moving average of $14.89 and a 200-day moving average of $15.09. The firm has a market capitalization of $1.42 billion, a P/E ratio of 21.90 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 Zacks’ 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 period last year, the business posted $0.27 EPS. Equities analysts predict that Astoria Financial Corp. will post $0.61 EPS for the current year.
A number of equities research analysts have commented on AF shares. TheStreet downgraded Astoria Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Keefe, Bruyette & Woods reduced their target price on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of €14.92 ($16.57).
In related news, insider Brian T. Edwards sold 8,204 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of €14.60 ($16.22), for a total transaction of €119,778.40 ($133,087.11). Following the sale, the insider now directly owns 55,062 shares of the company’s stock, valued at approximately €803,905.20 ($893,228). The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.74% of the company’s stock.
Astoria Financial Corp. 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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