Longfellow Investment Management Co. LLC held its position in Astoria Financial Corp. (NYSE:AF) during the second quarter, Holdings Channel reports. The firm owned 650,670 shares of the company’s stock at the end of the second quarter. Astoria Financial Corp. comprises approximately 3.5% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 10th largest position. Longfellow Investment Management Co. LLC’s holdings in Astoria Financial Corp. were worth $9,975,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in Astoria Financial Corp. by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,295,482 shares of the company’s stock valued at $36,360,000 after buying an additional 13,364 shares during the last quarter. BlackRock Group LTD boosted its stake in Astoria Financial Corp. by 3.6% in the first quarter. BlackRock Group LTD now owns 136,918 shares of the company’s stock valued at $2,169,000 after buying an additional 4,724 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Astoria Financial Corp. by 91.5% in the first quarter. Renaissance Technologies LLC now owns 1,812,450 shares of the company’s stock valued at $28,709,000 after buying an additional 865,944 shares during the last quarter. Prudential Financial Inc. boosted its stake in Astoria Financial Corp. by 3.5% in the first quarter. Prudential Financial Inc. now owns 218,324 shares of the company’s stock valued at $3,458,000 after buying an additional 7,400 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Astoria Financial Corp. by 1.6% in the first quarter. BlackRock Fund Advisors now owns 5,751,352 shares of the company’s stock valued at $91,101,000 after buying an additional 91,207 shares during the last quarter. Institutional investors and hedge funds own 76.87% of the company’s stock.
Astoria Financial Corp. (NYSE:AF) traded up 0.42% during mid-day trading on Tuesday, hitting $14.23. The stock had a trading volume of 217,857 shares. Astoria Financial Corp. has a 12 month low of $13.92 and a 12 month high of $18.13. The firm’s 50-day moving average is $14.87 and its 200 day moving average is $15.07. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 21.96 and a beta of 0.70.
Astoria Financial Corp. (NYSE:AF) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate 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 last year, the company earned $0.27 EPS. Equities analysts anticipate that Astoria Financial Corp. will post $0.61 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. TheStreet cut Astoria Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods dropped their price objective on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €14.92 ($16.39).
In related news, insider Brian T. Edwards sold 8,204 shares of Astoria Financial Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of €14.60 ($16.04), for a total transaction of €119,778.40 ($131,624.62). Following the sale, the insider now directly owns 55,062 shares in the company, valued at €803,905.20 ($883,412.31). The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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