Astoria Financial Corporation (AF) Receives Price Target

Astoria Financial Corporation (AF) stock is expected to deviate a maximum of $2.04 from the average target price of $16.08 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $14.

Astoria Financial Corporation (AF) : Zacks Investment Research ranks Astoria Financial Corporation (AF) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.67, which indicates as a Hold.


Also, Keefe Bruyette & Woods maintains its rating on Astoria Financial Corporation (NYSE:AF). The global brokerage major lowers the current price target from $16.5 per share to $15.5 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Market Perform on the shares. The rating by the firm was issued on August 9, 2016.

Astoria Financial Corporation (NYSE:AF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.36 and $15.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.39, notching a gain of 0.59% for the day. The total traded volume was 445,797 . The stock had closed at $15.30 on the previous day.

Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Companys principal business includes the operation of its wholly owned subsidiary, Astoria Bank. Astoria Banks 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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