Astoria Financial Corporation (AF) Shares are Up 1.23%

Astoria Financial Corporation (AF) has been under a strong bear grip, hence the stock is down -1.91% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.27% in the past 1 week. The stock has risen by 1.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.53% in the past 4 weeks.

Astoria Financial Corporation has dropped 3.77% during the last 3-month period . Year-to-Date the stock performance stands at -6.06%. The stock has recorded a 20-day Moving Average of 0.7% and the 50-Day Moving Average is 1.1%.


Astoria Financial Corporation (NYSE:AF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.75 and $14.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.77, notching a gain of 0.14% for the day. The total traded volume was 327,298 . The stock had closed at $14.75 on the previous day.

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

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *