Headlines about Astoria Financial Corporation (NYSE:AF) have been trending somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Astoria Financial Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the savings and loans company an impact score of 45.7059277323379 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Astoria Financial Corporation (AF) opened at 21.50 on Wednesday. The firm has a market cap of $2.16 billion, a P/E ratio of 37.46 and a beta of 0.58. Astoria Financial Corporation has a 12 month low of $14.11 and a 12 month high of $21.90. The firm has a 50-day moving average of $19.50 and a 200 day moving average of $19.89.
Astoria Financial Corporation (NYSE:AF) last issued its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $90.38 million for the quarter, compared to the consensus estimate of $91.76 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Astoria Financial Corporation will post $0.55 EPS for the current fiscal year.
Several brokerages have issued reports on AF. BidaskClub downgraded shares of Astoria Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.50 price objective on shares of Astoria Financial Corporation in a research report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned 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 related news, Director Gerard C. Keegan sold 30,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $19.25, for a total value of $589,050.00. Following the transaction, the director now directly owns 197,814 shares of the company’s stock, valued at approximately $3,807,919.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Monte N. Redman sold 84,942 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $20.02, for a total value of $1,700,538.84. The disclosure for this sale can be found here. Insiders sold a total of 435,902 shares of company stock worth $8,613,709 over the last three months. 9.76% of the stock is owned by company insiders.
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.
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