Insider Selling: Peter Haeffner Jr Sells 2,500 Shares of Astoria Financial Corp. Stock (AF)
Astoria Financial Corp. (NYSE:AF) Director Peter Haeffner, Jr. sold 2,500 shares of Astoria Financial Corp. stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $13.60, for a total value of $34,000.00. Following the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $61,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Astoria Financial Corp. from $12.00 to $13.00 in a research note to investors on Monday. Separately, analysts at Jefferies Group raised their price target on shares of Astoria Financial Corp. from $13.00 to $14.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Boenning Scattergood raised their price target on shares of Astoria Financial Corp. from $14.00 to $15.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.59.
Shares of Astoria Financial Corp. (NYSE:AF) traded down 0.81% during mid-day trading on Monday, hitting $13.55. The stock had a trading volume of 527,454 shares. Astoria Financial Corp. has a 52 week low of $8.88 and a 52 week high of $13.81. The stock’s 50-day moving average is $12.56 and its 200-day moving average is $11.28. The company has a market cap of $1.317 billion and a price-to-earnings ratio of 23.15.
Astoria Financial Corp. (NYSE:AF) last announced its earnings results on Thursday, October 17th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $86.20 million for the quarter, compared to the consensus estimate of $86.80 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Astoria Financial Corp. will post $0.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, November 13th.
Astoria Financial Corporation is the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association (NYSE:AF).
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