Dimensional Fund Advisors LP increased its position in shares of Astoria Financial Corporation (NYSE:AF) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,517,878 shares of the savings and loans company’s stock after buying an additional 274,895 shares during the period. Dimensional Fund Advisors LP’s holdings in Astoria Financial Corporation were worth $174,702,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 worth $170,601,000 after buying an additional 540,568 shares during the period. Basswood Capital Management L.L.C. increased its stake in Astoria Financial Corporation by 247.5% in the fourth quarter. Basswood Capital Management L.L.C. now owns 5,943,959 shares of the savings and loans company’s stock worth $110,855,000 after buying an additional 4,233,501 shares during the period. Wellington Management Group LLP acquired a new stake in Astoria Financial Corporation during the first quarter worth about $86,682,000. 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. Finally, State Street Corp increased its stake in Astoria Financial Corporation by 11.0% in the fourth quarter. State Street Corp now owns 1,987,683 shares of the savings and loans company’s stock worth $37,072,000 after buying an additional 196,819 shares during the period. 85.25% of the stock is owned by institutional investors.
Shares of Astoria Financial Corporation (AF) traded down 0.94% during mid-day trading on Tuesday, reaching $20.05. 405,649 shares of the company’s stock traded hands. Astoria Financial Corporation has a 1-year low of $14.11 and a 1-year high of $21.66. The firm has a 50-day moving average price of $19.64 and a 200-day moving average price of $19.33. The company has a market capitalization of $2.02 billion, a P/E ratio of 34.69 and a beta of 0.60.
Astoria Financial Corporation (NYSE:AF) last issued its quarterly earnings data on Wednesday, April 26th. The savings and loans company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. Astoria Financial Corporation had a net margin of 13.45% and a return on equity of 4.26%. The company had revenue of $91.99 million during the quarter, compared to the consensus estimate of $93.41 million. During the same period in the previous year, the business posted $0.16 earnings per share. On average, equities research analysts forecast that Astoria Financial Corporation will post $0.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 8th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, May 4th. Astoria Financial Corporation’s payout ratio is 27.59%.
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A number of analysts recently issued reports on the stock. 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 report on Thursday, April 27th. Piper Jaffray Companies downgraded shares of Astoria Financial Corporation from an “overweight” rating to a “neutral” rating and set a $23.50 target price for the company. in a research report on Wednesday, March 8th. BidaskClub raised shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Jefferies Group LLC reissued a “hold” rating and set a $17.00 target price on shares of Astoria Financial Corporation in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Astoria Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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