Astoria Financial Corporation (NYSE:AF):
Astoria Financial Corporation Schedules Second Quarter Earnings Release.
The company is trading down by -0.40 percent from yesterday’s close.
The company recently announced a dividend for shareholders which was paid on Monday the 22nd of May 2017. The dividend was $0.040 per share for the quarter which is $0.16 annualized. This dividend amount represented a yeild of $0.78. The ex-dividend date was set for Thursday the 4th of May 2017.
Astoria Financial Corporation, launched on June 14, 1993, is a unitary savings and loan holding company. The Business’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. Astoria Bank also invests in consumer and other loans, the United States Government, government agency and government-sponsored enterprise (GSE) securities, and other investments permitted by federal banking laws and regulations..
Company shares last traded at $20.15 a tad above the 50 day moving average of $19.52 and a bit higher than the 200 day moving average of $19.44. The 50 day moving average was up by +3.75% and the 200 day average moved up $0.81.
Astoria Financial Corporation currently has a P/E ratio of 35.03 and the market cap of the company is 2.04B. In the latest earnings report the EPS was $0.58 and is projected to be $0.52 for the current year with 100,594,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.13 and the next full year EPS is anticipated to be $0.53.
Investment firms have released ratings on the stock. February 1 investment analysts at Macquarie made no change to the stock rating of “Neutral” and lowered the price target from $16.00 to $15.00. On November 2, 2015 the stock rating was changed to a “Buy” in a report from Sandler O’Neill which is up from the previous “Hold” rating.
On November 2 Barclays left the stock rating at “Equalweight” but raised the price target to $16.00 from $15.00. On October 30 the company was rated “Market Perform” according to a Keefe Bruyette & Woods report a boost from the previous “Underperform” rating.
On October 30, 2015 the stock rating was set at “Underperform” by FBR Capital down from the previous “Market Perform” rating. October 30 investment analysts at Macquarie kept the stock rating at “Neutral” and raised the price expectation from $15.50 to $16.00.