Astoria Financial Corp (AF) Releases Earnings Results, Beats Expectations By $0.01 EPS

Astoria Financial Corp (AF) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.15. Analysts expectations of $96.88 million. During the same quarter in the previous year, the company posted $0.27 EPS.

Astoria Financial Corp closed down -0.01 points or -0.07% at $14.47 with 6,47,312 shares getting traded on Thursday. Post opening the session at $14.47, the shares hit an intraday low of $14.31 and an intraday high of $14.55 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 15, 2015, Robert J Destefano (Executive Vice President) sold 2,500 shares at $13.23 per share price. According to the SEC, on Feb 23, 2015, Josie Callari (Executive Vice President) sold 5,000 shares at $13.00 per share price. On Feb 9, 2015, Matthew J Gutauskas (Executive Vice President) sold 10,358 shares at $12.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business includes the operation of its wholly owned subsidiary Astoria 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.

Astoria Financial Corp

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