PineBridge Investments L.P. increased its stake in Astoria Financial Corp. (NYSE:AF) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 11,575 shares of the company’s stock after buying an additional 424 shares during the period. PineBridge Investments L.P.’s holdings in Astoria Financial Corp. were worth $178,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of AF. Vanguard Group Inc. increased its position in Astoria Financial Corp. by 3.9% in the second quarter. Vanguard Group Inc. now owns 7,259,983 shares of the company’s stock worth $111,295,000 after buying an additional 273,688 shares during the last quarter. Principal Financial Group Inc. increased its position in Astoria Financial Corp. by 2.6% in the second quarter. Principal Financial Group Inc. now owns 654,550 shares of the company’s stock worth $10,035,000 after buying an additional 16,676 shares during the last quarter. Prudential Financial Inc. increased its position in Astoria Financial Corp. by 1.5% in the second quarter. Prudential Financial Inc. now owns 221,704 shares of the company’s stock worth $3,399,000 after buying an additional 3,380 shares during the last quarter. Teacher Retirement System of Texas increased its position in Astoria Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,688 shares of the company’s stock worth $195,000 after buying an additional 1,536 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Astoria Financial Corp. by 2.2% in the second quarter. Nationwide Fund Advisors now owns 82,840 shares of the company’s stock worth $1,270,000 after buying an additional 1,807 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.
Astoria Financial Corp. (NYSE:AF) traded up 0.90% during mid-day trading on Friday, hitting $14.55. The stock had a trading volume of 15,100 shares. The company’s 50 day moving average price is $14.98 and its 200 day moving average price is $15.17. The firm has a market cap of $1.46 billion, a PE ratio of 22.45 and a beta of 0.94. Astoria Financial Corp. has a 52 week low of $13.92 and a 52 week high of $18.13.
Astoria Financial Corp. (NYSE:AF) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Astoria Financial Corp. had a return on equity of 4.81% and a net margin of 14.49%. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts anticipate that Astoria Financial Corp. will post $0.61 earnings per share for the current year.
Several equities analysts have recently weighed in on the stock. TheStreet raised shares of Astoria Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, June 6th. Keefe, Bruyette & Woods cut their price objective on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of €15.38 ($17.08).
In related news, insider Brian T. Edwards sold 8,204 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of €14.60 ($16.22), for a total transaction of €119,778.40 ($133,087.11). Following the sale, the insider now owns 55,062 shares of the company’s stock, valued at approximately €803,905.20 ($893,228). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.74% of the company’s stock.
Astoria Financial Corp. Company Profile
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s 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, 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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