State of Tennessee Treasury Department maintained its stake in shares of Astoria Financial Corporation (NYSE:AF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,397 shares of the savings and loans company’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned 0.08% of Astoria Financial Corporation worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of Astoria Financial Corporation by 1.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 62,603 shares of the savings and loans company’s stock valued at $1,261,000 after purchasing an additional 727 shares during the period. Principal Financial Group Inc. grew its position in shares of Astoria Financial Corporation by 0.6% in the second quarter. Principal Financial Group Inc. now owns 707,944 shares of the savings and loans company’s stock valued at $14,265,000 after purchasing an additional 4,400 shares during the period. IndexIQ Advisors LLC acquired a new stake in shares of Astoria Financial Corporation in the second quarter valued at about $1,741,000. OMERS ADMINISTRATION Corp grew its position in shares of Astoria Financial Corporation by 19.9% in the second quarter. OMERS ADMINISTRATION Corp now owns 407,700 shares of the savings and loans company’s stock valued at $8,215,000 after purchasing an additional 67,800 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Astoria Financial Corporation by 293.3% in the second quarter. BNP Paribas Arbitrage SA now owns 81,776 shares of the savings and loans company’s stock valued at $1,648,000 after purchasing an additional 60,982 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

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Several analysts have recently issued reports on AF shares. BidaskClub lowered shares of Astoria Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.50 target price on shares of Astoria Financial Corporation in a research report on Sunday, September 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 target price on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.25.

Astoria Financial Corporation (AF) opened at 20.45 on Thursday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 35.63 and a beta of 0.55. The company’s 50-day moving average is $19.50 and its 200-day moving average is $19.89. Astoria Financial Corporation has a 52-week low of $14.11 and a 52-week high of $21.66.

Astoria Financial Corporation (NYSE:AF) last announced its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The business had revenue of $90.38 million during the quarter, compared to the consensus estimate of $91.76 million. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. Equities analysts predict that Astoria Financial Corporation will post $0.54 earnings per share for the current year.

In related news, insider Monte N. Redman sold 65,558 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $20.07, for a total value of $1,315,749.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Monte N. Redman sold 50,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.10, for a total transaction of $1,005,000.00. The disclosure for this sale can be found here. Insiders sold a total of 435,902 shares of company stock valued at $8,613,709 in the last quarter. Insiders own 9.76% of the company’s stock.

About Astoria Financial Corporation

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.

Institutional Ownership by Quarter for Astoria Financial Corporation (NYSE:AF)

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