New York State Teachers Retirement System continued to hold its position in shares of Astoria Financial Corporation (NYSE:AF) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 172,916 shares of the savings and loans company’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in Astoria Financial Corporation were worth $3,547,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Astoria Financial Corporation during the first quarter valued at approximately $86,682,000. Renaissance Technologies LLC increased its stake in Astoria Financial Corporation by 101.6% in the first quarter. Renaissance Technologies LLC now owns 2,366,350 shares of the savings and loans company’s stock worth $48,534,000 after buying an additional 1,192,450 shares during the period. Victory Capital Management Inc. increased its stake in Astoria Financial Corporation by 65.9% in the first quarter. Victory Capital Management Inc. now owns 2,037,575 shares of the savings and loans company’s stock worth $41,790,000 after buying an additional 809,617 shares during the period. Norges Bank purchased a new position in Astoria Financial Corporation during the fourth quarter valued at $14,662,000. Finally, Vanguard Group Inc. boosted its position in Astoria Financial Corporation by 7.0% in the first quarter. Vanguard Group Inc. now owns 8,317,980 shares of the savings and loans company’s stock valued at $170,601,000 after buying an additional 540,568 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.
Astoria Financial Corporation (AF) traded down 0.91% during trading on Friday, reaching $19.59. 413,256 shares of the company’s stock were exchanged. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 33.89 and a beta of 0.56. The firm’s 50-day moving average price is $19.97 and its 200-day moving average price is $19.63. Astoria Financial Corporation has a 12 month low of $14.11 and a 12 month high of $21.66.
Astoria Financial Corporation (NYSE:AF) last announced its quarterly earnings data on Wednesday, April 26th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $91.99 million during the quarter, compared to the consensus estimate of $93.41 million. Astoria Financial Corporation had a net margin of 13.45% and a return on equity of 4.26%. During the same quarter last year, the company earned $0.16 EPS. On average, equities research analysts anticipate that Astoria Financial Corporation will post $0.51 EPS for the current year.
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AF has been the subject of several analyst reports. Keefe, Bruyette & Woods raised shares of 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 note on Thursday, April 27th. BidaskClub raised shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $17.00 target price on shares of Astoria Financial Corporation in a research note on Friday, June 16th. 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.25.
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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