Mendon Capital Advisors Corp Lowers stake in Astoria Financial Corp (AF)

Astoria Financial Corp (AF) : Mendon Capital Advisors Corp reduced its stake in Astoria Financial Corp by 17.14% during the most recent quarter end. The investment management company now holds a total of 725,000 shares of Astoria Financial Corp which is valued at $10,628,500 after selling 150,000 shares in Astoria Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Astoria Financial Corp makes up approximately 1.93% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , Achievement Holdings added AF to its portfolio by purchasing 395,000 company shares during the most recent quarter which is valued at $5,719,600. Astoria Financial Corp makes up approx 0.73% of Achievement Holdings’s portfolio.Kassirer Asset Management Corp boosted its stake in AF in the latest quarter, The investment management firm added 90,664 additional shares and now holds a total of 190,664 shares of Astoria Financial Corp which is valued at $2,760,815. Astoria Financial Corp makes up approx 1.51% of Kassirer Asset Management Corp’s portfolio. Sphinx Trading Lp sold out all of its stake in AF during the most recent quarter. The investment firm sold 14,900 shares of AF which is valued $223,500.Benin Management Corp reduced its stake in AF by selling 600 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 16,000 shares of AF which is valued at $241,920. Astoria Financial Corp makes up approx 0.12% of Benin Management Corp’s portfolio.

Astoria Financial Corp closed down -0.1 points or -0.67% at $14.73 with 5,42,344 shares getting traded on Monday. Post opening the session at $14.92, the shares hit an intraday low of $14.7 and an intraday high of $14.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Astoria Financial Corp reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.15.Analysts expectations of $ 96.88.During the same quarter in the previous year, the company posted $0.27 EPS.

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.

Leave a Reply

Astoria Financial Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Astoria Financial Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.