Keefe Bruyette & Woods Maintains Astoria Financial Corp to Market Perform with Price Target $15.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Astoria Financial Corp(NYSE:AF). In a research note issued to the investors, the brokerage major Lowers the price-target to $15.50 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 9, 2016.

Astoria Financial Corp (AF) shares turned negative on Wednesdays trading session with the shares closing down -0.07 points or -0.48% at a volume of 5,20,429. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.8. The peak price level was also seen at $14.8 while the days lowest was $14.66. Finally the shares closed at $14.66. The 52-week high of the shares is $18.13 while the 52-week low is $13.92. According to the latest information available, the market cap of the company is $1,486 M.

Astoria Financial Corp(AF) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $92.00M. Analysts had an estimated revenue of $87.66M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On May 15, 2015, Robert J Destefano (Executive Vice President) sold 2,500 shares at $13.23 per share price.Also, On Feb 23, 2015, Josie Callari (Executive Vice President) sold 5,000 shares at $13.00 per share price.On Feb 9, 2015, Matthew J Gutauskas (Executive Vice President) sold 10,358 shares at $12.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business includes the operation of its wholly owned subsidiary Astoria 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. Astoria Bank also invests in consumer and other loans the United States Government Government agency and Government-sponsored enterprise (GSE) securities and other investments.

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