Dimensional Fund Advisors LP cut its position in Astoria Financial Corporation (NYSE:AF) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,242,983 shares of the company’s stock after selling 16,546 shares during the period. Dimensional Fund Advisors LP owned about 8.21% of Astoria Financial Corporation worth $153,732,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of AF. Great West Life Assurance Co. Can boosted its position in shares of Astoria Financial Corporation by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 120,422 shares of the company’s stock worth $1,757,000 after buying an additional 2,412 shares during the last quarter. Longfellow Investment Management Co. LLC boosted its position in shares of Astoria Financial Corporation by 11.1% in the third quarter. Longfellow Investment Management Co. LLC now owns 722,570 shares of the company’s stock worth $10,550,000 after buying an additional 71,900 shares during the last quarter. Chicago Capital Management LLC boosted its position in shares of Astoria Financial Corporation by 24.8% in the third quarter. Chicago Capital Management LLC now owns 910,820 shares of the company’s stock worth $13,298,000 after buying an additional 180,711 shares during the last quarter. Kassirer Asset Management Corp boosted its position in shares of Astoria Financial Corporation by 52.4% in the third quarter. Kassirer Asset Management Corp now owns 290,664 shares of the company’s stock worth $4,244,000 after buying an additional 100,000 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its position in shares of Astoria Financial Corporation by 3.0% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 445,427 shares of the company’s stock worth $6,503,000 after buying an additional 12,930 shares during the last quarter. 75.16% of the stock is currently owned by institutional investors.
Shares of Astoria Financial Corporation (NYSE:AF) traded down 0.32% on Friday, hitting $18.98. The stock had a trading volume of 81,542 shares. The company has a market capitalization of $1.91 billion, a P/E ratio of 30.61 and a beta of 0.78. The firm has a 50 day moving average price of $18.73 and a 200 day moving average price of $16.25. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $19.26.
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Astoria Financial Corporation (NYSE:AF) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Astoria Financial Corporation 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 EPS. On average, equities research analysts predict that Astoria Financial Corporation will post $0.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.84%. Astoria Financial Corporation’s dividend payout ratio (DPR) is presently 25.81%.
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AF has been the topic of a number of recent research reports. FBR & Co cut Astoria Financial Corporation from a “market perform” rating to an “underperform” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 21st. Piper Jaffray Companies upgraded Astoria Financial Corporation from a “neutral” rating to an “overweight” rating and set a $19.50 price target on the stock in a report on Wednesday, December 21st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Astoria Financial Corporation has a consensus rating of “Hold” and a consensus target price of $16.67.
In other Astoria Financial Corporation news, insider Stephen J. Sipola sold 47,568 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $18.65, for a total transaction of $887,143.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Gerard C. Keegan sold 71,202 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 263,632 shares in the company, valued at approximately $4,966,826.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,764 shares of company stock worth $3,272,048. 9.76% of the stock is owned by corporate insiders.
About Astoria Financial Corporation
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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