Arizona State Retirement System Has $961,000 Stake in Astoria Financial Corporation (AF)
Arizona State Retirement System raised its position in Astoria Financial Corporation (NYSE:AF) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,708 shares of the savings and loans company’s stock after buying an additional 200 shares during the period. Arizona State Retirement System’s holdings in Astoria Financial Corporation were worth $961,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in Astoria Financial Corporation during the first quarter worth approximately $163,000. US Bancorp DE increased its stake in Astoria Financial Corporation by 2.3% in the first quarter. US Bancorp DE now owns 9,703 shares of the savings and loans company’s stock worth $199,000 after buying an additional 222 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Astoria Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 10,100 shares of the savings and loans company’s stock worth $207,000 after buying an additional 230 shares in the last quarter. HighTower Advisors LLC increased its stake in Astoria Financial Corporation by 47.7% in the first quarter. HighTower Advisors LLC now owns 16,137 shares of the savings and loans company’s stock worth $331,000 after buying an additional 5,213 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Astoria Financial Corporation during the first quarter worth approximately $349,000. Institutional investors own 83.63% of the company’s stock.
Shares of Astoria Financial Corporation (NYSE:AF) opened at 19.38 on Thursday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 33.76 and a beta of 0.56. Astoria Financial Corporation has a 12 month low of $14.11 and a 12 month high of $21.66. The stock’s 50 day moving average price is $19.77 and its 200-day moving average price is $19.79.
Astoria Financial Corporation (NYSE:AF) last announced its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The firm had revenue of $90.38 million for the quarter, compared to analyst estimates of $91.76 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts predict that Astoria Financial Corporation will post $0.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.83%. Astoria Financial Corporation’s dividend payout ratio is currently 27.59%.
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A number of analysts have recently commented on the company. BidaskClub raised Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Astoria Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $20.25.
In other news, insider Monte N. Redman sold 6,611 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.02, for a total transaction of $132,352.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gerard C. Keegan sold 30,600 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $19.25, for a total transaction of $589,050.00. Following the transaction, the director now owns 197,814 shares in the company, valued at approximately $3,807,919.50. The disclosure for this sale can be found here. Insiders have sold 435,902 shares of company stock worth $8,613,709 in the last quarter. Company insiders own 9.76% of the company’s stock.
Astoria Financial Corporation Company Profile
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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