Astoria Financial Corp (AF) Shares Obtained by Thrivent Financial for Lutherans

Astoria Financial Corp (AF) Shares Obtained by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in shares of Astoria Financial Corp (NYSE:AF) by 5.6% during the fourth quarter, Holdings Channel reports. The firm owned 48,980 shares of the company’s stock after buying an additional 2,590 shares during the period. Thrivent Financial for Lutherans’ holdings in Astoria Financial Corp were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new stake in Astoria Financial Corp during the fourth quarter valued at $245,000. Municipal Employees Retirement System of Michigan raised its stake in Astoria Financial Corp by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,260 shares of the company’s stock valued at $296,000 after buying an additional 330 shares during the period. Russell Investments Group Ltd. acquired a new stake in Astoria Financial Corp during the fourth quarter valued at $387,000. BlackRock Inc. raised its stake in Astoria Financial Corp by 3.5% in the third quarter. BlackRock Inc. now owns 24,754 shares of the company’s stock valued at $361,000 after buying an additional 840 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Astoria Financial Corp during the third quarter valued at $654,000. 75.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Astoria Financial Corp (NYSE:AF) opened at 20.27 on Friday. Astoria Financial Corp has a 52 week low of $14.11 and a 52 week high of $21.66. The stock’s 50 day moving average price is $19.54 and its 200-day moving average price is $17.16. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 32.75 and a beta of 0.78.

Astoria Financial Corp (NYSE:AF) last announced its earnings results on Wednesday, January 25th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Astoria Financial Corp had a return on equity of 4.57% and a net margin of 14.14%. During the same period in the prior year, the business earned $0.16 earnings per share. Equities analysts predict that Astoria Financial Corp will post $0.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were paid a $0.04 dividend. The ex-dividend date was Monday, February 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.79%. Astoria Financial Corp’s dividend payout ratio is currently 25.81%.

A number of brokerages have recently commented on AF. Keefe, Bruyette & Woods reissued a “hold” rating and set a $25.50 price target on shares of Astoria Financial Corp in a research note on Monday, March 13th. Piper Jaffray Companies lowered Astoria Financial Corp from an “overweight” rating to a “neutral” rating and set a $23.50 price target on the stock. in a research note on Wednesday, March 8th. Zacks Investment Research lowered Astoria Financial Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 21st. Finally, FBR & Co lowered Astoria Financial Corp from a “market perform” rating to an “underperform” rating and set a $15.00 price target on the stock. in a research note on Wednesday, December 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Astoria Financial Corp currently has a consensus rating of “Hold” and an average target price of $21.33.

In other Astoria Financial Corp news, insider Robert J. Destefano sold 15,213 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $18.51, for a total value of $281,592.63. Following the transaction, the insider now directly owns 55,167 shares in the company, valued at approximately $1,021,141.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Gerard C. Keegan sold 71,202 shares of the company’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $18.84, for a total value of $1,341,445.68. Following the completion of the transaction, the insider now owns 263,632 shares in the company, valued at $4,966,826.88. The disclosure for this sale can be found here. Insiders sold a total of 174,764 shares of company stock worth $3,272,048 over the last 90 days. Corporate insiders own 9.76% of the company’s stock.

About Astoria Financial Corp

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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