Analysts are on the Bearish side about Astoria Financial Corp (NYSE:AF) this week.

June 20, 2017 - By Marry Poplack

 Analysts are on the Bearish side about Astoria Financial Corp (NYSE:AF) this week.
Investors sentiment increased to 1.7 in 2016 Q4. Its up 0.38, from 1.32 in 2016Q3. It is positive, as 17 investors sold Astoria Financial Corp shares while 36 reduced holdings. 39 funds opened positions while 51 raised stakes. 77.83 million shares or 12.05% more from 69.46 million shares in 2016Q3 were reported.
Samlyn Capital Ltd Llc reported 1.10 million shares. Swiss Bancorporation owns 146,300 shares. Geode Management Limited Liability Company invested in 0.01% or 698,340 shares. Goldman Sachs Gru invested in 0% or 265,916 shares. Basswood Cap Mngmt Limited Liability Co has 5.94 million shares. Gabelli & Invest Advisers invested 0.4% of its portfolio in Astoria Financial Corp (NYSE:AF). Bank Of America De has invested 0.01% of its portfolio in Astoria Financial Corp (NYSE:AF). Paloma Ptnrs Commerce stated it has 209,600 shares or 0.04% of all its holdings. 249,762 are held by Kennedy Capital. Point72 Asia (Hong Kong) owns 0.05% invested in Astoria Financial Corp (NYSE:AF) for 2,655 shares. Aqr Mngmt Lc has invested 0% of its portfolio in Astoria Financial Corp (NYSE:AF). Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Astoria Financial Corp (NYSE:AF). Ameriprise invested in 0% or 476,278 shares. 746,200 were reported by Lord Abbett Ltd Limited Liability Company. Envestnet Asset Mgmt Inc holds 0% in Astoria Financial Corp (NYSE:AF) or 4,329 shares.

Since January 30, 2017, it had 0 buys, and 5 insider sales for $3.27 million activity. Donlon Hugh J sold $706,100 worth of stock. 71,202 shares were sold by KEEGAN GERARD C, worth $1.34M on Monday, January 30. $281,623 worth of Astoria Financial Corp (NYSE:AF) was sold by DeStefano Robert J. 3,000 shares valued at $55,747 were sold by Nazemetz Patricia M on Friday, February 10. 47,568 shares were sold by Sipola Stephen J, worth $887,281.

Astoria Financial Corp (NYSE:AF) Ratings Coverage

Among 8 analysts covering Astoria Financial (NYSE:AF), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Astoria Financial had 20 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, July 23, the company rating was downgraded by Piper Jaffray. The rating was downgraded by Piper Jaffray on Wednesday, March 8 to “Neutral”. Piper Jaffray upgraded the shares of AF in report on Wednesday, December 21 to “Overweight” rating. The firm earned “Neutral” rating on Monday, October 26 by Piper Jaffray. The stock of Astoria Financial Corp (NYSE:AF) earned “Ourperform” rating by Wood on Friday, April 28. As per Friday, August 14, the company rating was maintained by Piper Jaffray. The rating was maintained by Jefferies with “Hold” on Friday, June 16. The stock of Astoria Financial Corp (NYSE:AF) has “Hold” rating given on Friday, October 2 by Sandler O’Neill. On Tuesday, August 9 the stock rating was maintained by Wood with “Market Perform”. As per Monday, September 28, the company rating was downgraded by Guggenheim. Below is a list of Astoria Financial Corp (NYSE:AF) latest ratings and price target changes.

16/06/2017 Broker: Jefferies Rating: Hold New Target: $17.00 Maintain
01/06/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $25.5000 Maintain
28/04/2017 Broker: Wood Old Rating: Market Perform New Rating: Ourperform New Target: $25.50 Upgrade
08/03/2017 Broker: Piper Jaffray Old Rating: Overweight New Rating: Neutral Downgrade
21/12/2016 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
21/12/2016 Broker: Piper Jaffray Old Rating: Neutral New Rating: Overweight Upgrade
21/12/2016 Broker: FBR Capital Old Rating: Mkt Perform New Rating: Underperform New Target: $15 Downgrade

It closed at $20.24 lastly. It is down 22.95% since June 20, 2016 and is uptrending. It has outperformed by 6.25% the S&P500.

Astoria Financial Corporation is a unitary savings and loan holding company. The company has market cap of $2.05 billion. The Company’s principal business is the operation of its subsidiary, Astoria Bank. It has a 35 P/E ratio. 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.

More notable recent Astoria Financial Corp (NYSE:AF) news were published by: Prnewswire.com which released: “Astoria Financial Corporation Prices $200 Million, 3.500% Senior Notes Offering” on June 05, 2017, also Prnewswire.com with their article: “Astoria Financial Corporation Completes Sale of $200 Million of Senior Notes” published on June 08, 2017, Streetinsider.com published: “Form 425 ASTORIA FINANCIAL CORP Filed by: STERLING BANCORP” on May 30, 2017. More interesting news about Astoria Financial Corp (NYSE:AF) were released by: Seekingalpha.com and their article: “Stocks to watch next week” published on June 10, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Sterling Bancorp and Astoria Financial Corporation shareholders approve …” with publication date: June 13, 2017.

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