Astoria Financial Corp (NYSE:AF) Insider Sells $1,315,749.06 in Stock
Astoria Financial Corp (NYSE:AF) insider Monte N. Redman sold 65,558 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $20.07, for a total value of $1,315,749.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Astoria Financial Corp (AF) remained flat at $19.71 during mid-day trading on Tuesday. 713,374 shares of the company traded hands. The firm’s 50 day moving average is $20.04 and its 200 day moving average is $19.72. Astoria Financial Corp has a 12 month low of $14.11 and a 12 month high of $21.66. The stock has a market capitalization of $1.98 billion, a P/E ratio of 34.34 and a beta of 0.56.
Astoria Financial Corp (NYSE:AF) last announced its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Astoria Financial Corp had a net margin of 19.90% and a return on equity of 3.91%. The firm had revenue of $90.38 million for the quarter, compared to analyst estimates of $91.76 million. During the same quarter last year, the business earned $0.16 earnings per share. Astoria Financial Corp’s revenue was down 4.9% compared to the same quarter last year. Analysts predict that Astoria Financial Corp will post $0.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. Astoria Financial Corp’s dividend payout ratio (DPR) is currently 27.59%.
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AF has been the topic of several recent research reports. Keefe, Bruyette & Woods upgraded Astoria Financial Corp from a “market perform” rating to an “outperform” rating and set a $25.50 target price on the stock in a report on Thursday, April 27th. BidaskClub cut Astoria Financial Corp from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $17.00 target price on shares of Astoria Financial Corp in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Astoria Financial Corp has an average rating of “Hold” and a consensus price target of $20.25.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Astoria Financial Corp by 50,276.1% in the first quarter. BlackRock Inc. now owns 11,575,917 shares of the savings and loans company’s stock worth $237,422,000 after buying an additional 11,552,938 shares during the period. Dimensional Fund Advisors LP increased its position in Astoria Financial Corp by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,517,878 shares of the savings and loans company’s stock worth $174,702,000 after buying an additional 274,895 shares in the last quarter. Vanguard Group Inc. increased its position in Astoria Financial Corp by 7.0% in the first quarter. Vanguard Group Inc. now owns 8,317,980 shares of the savings and loans company’s stock worth $170,601,000 after buying an additional 540,568 shares in the last quarter. Wellington Management Group LLP bought a new position in Astoria Financial Corp during the first quarter worth $86,682,000. Finally, Bank of America Corp DE increased its position in Astoria Financial Corp by 90.3% in the first quarter. Bank of America Corp DE now owns 2,373,224 shares of the savings and loans company’s stock worth $48,674,000 after buying an additional 1,126,404 shares in the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.
About Astoria Financial Corp
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary 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, primarily 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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