Astoria Financial Corporation (AF) : The consensus on Astoria Financial Corporation (AF) based on 7 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Astoria Financial Corporation (AF) : 6 investment research analysts covering Astoria Financial Corporation (AF) have an average price target of $15.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $14 for the short term. Analysts expect the variance to be within $2.21 of the average price.
Company shares have received an average consensus rating of Hold for the current week Astoria Financial Corporation (NYSE:AF): The stock opened at $14.69 on Thursday but the bulls could not build on the opening and the stock topped out at $14.71 for the day. The stock traded down to $14.50 during the day, due to lack of any buying support eventually closed down at $14.58 with a loss of -0.48% for the day. The stock had closed at $14.65 on the previous day. The total traded volume was 486,576 shares.
In a related news, The (Executive Vice President), of Astoria Financial Corp, Destefano Robert J had unloaded 2,500 shares at $13.23 per share in a transaction on May 14, 2015. The total value of transaction was $33,075. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.