Astoria Financial Corporation (NYSE:AF) Vice Chairman Sells $681,010.82 in Stock
Astoria Financial Corporation (NYSE:AF) Vice Chairman Gerard C. Keegan sold 34,153 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $19.94, for a total value of $681,010.82. Following the completion of the transaction, the insider now directly owns 228,414 shares of the company’s stock, valued at approximately $4,554,575.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Astoria Financial Corporation (AF) traded down 0.82% during midday trading on Thursday, hitting $19.30. The company’s stock had a trading volume of 374,768 shares. The company’s 50-day moving average is $19.99 and its 200 day moving average is $19.75. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 33.62 and a beta of 0.56. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $21.66.
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 (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The firm had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same period last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Astoria Financial Corporation will post $0.54 EPS for the current year.
The business also recently declared 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. This represents a $0.16 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 3rd. Astoria Financial Corporation’s dividend payout ratio is currently 27.59%.
A number of brokerages have weighed in on AF. BidaskClub raised Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 target price on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods raised Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 target price for the company in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.25.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in shares of Astoria Financial Corporation during the first quarter valued at $163,000. US Bancorp DE boosted its position in shares of 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 valued at $199,000 after buying an additional 222 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of 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 valued at $207,000 after buying an additional 230 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of 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 valued at $331,000 after buying an additional 5,213 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Astoria Financial Corporation during the first quarter valued at $349,000. Institutional investors own 86.63% 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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