November 23, 2016 - By Richard Conner · 0 Comments
The stock of Astoria Financial Corporation (NYSE:AF) registered an increase of 22.13% in short interest. AF’s total short interest was 3.13 million shares in November as published by FINRA. Its up 22.13% from 2.56 million shares, reported previously. With 358,400 shares average volume, it will take short sellers 9 days to cover their AF’s short positions. The short interest to Astoria Financial Corporation’s float is 3.26%. About 155,113 shares traded hands. Astoria Financial Corp (NYSE:AF) has risen 6.08% since April 21, 2016 and is uptrending. It has outperformed by 0.75% the S&P500.
Astoria Financial Corporation is the unitary savings and loan holding firm of Astoria Bank and its subsidiaries. The company has a market cap of $1.66 billion. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. It has a 25.17 P/E ratio. 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.
Insitutional Activity: The institutional sentiment increased to 1.32 in Q2 2016. Its up 0.25, from 1.07 in 2016Q1. The ratio increased, as 17 funds sold all Astoria Financial Corp shares owned while 40 reduced positions. 8 funds bought stakes while 53 increased positions. They now own 68.10 million shares or 2.51% less from 69.85 million shares in 2016Q1.
Teachers Retirement Sys Of The State Of Kentucky last reported 32,300 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,941 shares or 0% of the stock. Dupont Cap Mgmt has 18,700 shares for 0.01% of their US portfolio. Hutchin Hill Cap Lp last reported 833,155 shares in the company. Citadel Advisors Limited Liability Co reported 11,651 shares or 0% of all its holdings. Mark Sheptoff Financial Planning Llc, a Connecticut-based fund reported 1,200 shares. Principal Fin Group Inc Inc last reported 0.01% of its portfolio in the stock. Parametric Port Associate Ltd Liability last reported 240,693 shares in the company. Credit Suisse Ag reported 139,500 shares or 0% of all its holdings. Manufacturers Life Ins The has 0% invested in the company for 59,699 shares. Great West Life Assurance Can owns 7,632 shares or 0% of their US portfolio. State Street owns 1.72M shares or 0% of their US portfolio. Polaris Ltd owns 1.11M shares or 1.47% of their US portfolio. Amer International Gru Inc last reported 68,391 shares in the company. United Svcs Automobile Association accumulated 34,390 shares or 0% of the stock.
Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 1 sale for $119,779 net activity. Edwards Brian T sold $119,779 worth of Astoria Financial Corp (NYSE:AF) on Wednesday, August 10.
Out of 8 analysts covering Astoria Financial (NYSE:AF), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Astoria Financial has been the topic of 13 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was upgraded by Keefe Bruyette & Woods on Friday, October 30 to “Market Perform”. Sandler O’Neill upgraded the shares of AF in a report on Monday, November 2 to “Buy” rating. The rating was downgraded by Piper Jaffray on Monday, October 26 to “Neutral”. The company was downgraded on Friday, October 2 by Sandler O’Neill. As per Monday, September 28, the company rating was downgraded by Guggenheim. The rating was maintained by Wood with “Market Perform” on Tuesday, August 9. As per Thursday, July 23, the company rating was downgraded by Piper Jaffray. The firm has “Overweight” rating given on Friday, August 14 by Piper Jaffray. As per Friday, October 30, the company rating was downgraded by FBR Capital.
Astoria Financial Corporation, incorporated on June 14, 1993, is the unitary savings and loan holding firm of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented 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.
More notable recent Astoria Financial Corp (NYSE:AF) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Astoria Financial, MetLife and Ameriprise Financial” on November 01, 2016, also Bloomberg.com with their article: “New York Community Bancorp to Buy Astoria in $2 Billion Deal” published on October 29, 2015, Fool.com published: “Astoria Financial Corp. Merger Deal Not All Good For New York Community …” on November 17, 2015. More interesting news about Astoria Financial Corp (NYSE:AF) were released by: Moodys.com and their article: “Moody’s continues review for upgrade of Astoria Financial Corporation (senior …” published on June 17, 2016 as well as Streetinsider.com‘s news article titled: “Form 8-K ASTORIA FINANCIAL CORP For: Nov 17” with publication date: November 17, 2016.
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By Richard Conner