The stock of Astoria Financial Corporation (NYSE:AF) registered an increase of 7.4% in short interest. AF’s total short interest was 2.72M shares in September as published by FINRA. Its up 7.4% from 2.53M shares, reported previously. With 527,700 shares average volume, it will take short sellers 5 days to cover their AF’s short positions. The short interest to Astoria Financial Corporation’s float is 2.83%. About 123,389 shares traded hands. Astoria Financial Corp (NYSE:AF) has risen 3.35% since February 8, 2016 and is uptrending. It has underperformed by 13.14% 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 $1.59 billion. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. It has a 23.9 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.
The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.41, from 1.48 in 2016Q1. The ratio is negative, 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.
Longfellow Investment Management Co Llc holds 3.55% of its portfolio in Astoria Financial Corp for 650,670 shares. Basswood Capital Management L.L.C. owns 1.71 million shares or 1.52% of their US portfolio. Moreover, Polaris Capital Management Llc has 1.47% invested in the company for 1.11 million shares. The New York-based Mendon Capital Advisors Corp has invested 1.15% in the stock. Smith Graham & Co. Investment Advisors Lp, a Texas-based fund reported 432,497 shares.
Out of 8 analysts covering Astoria Financial (NYSE:AF), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. $17 is the highest target while $15.50 is the lowest. The $16.17 average target is 4.59% above today’s ($15.46) stock price. Astoria Financial has been the topic of 9 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Wood maintained the stock on August 9 with “Market Perform” rating.
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