Astoria Financial Corp Gets a Hold Rating from Jefferies

By Jason Carr

Jefferies analyst Ken Usdin reiterated a Hold rating on Astoria Financial Corp (NYSE: AF) on June 14 and set a price target of $17. The company’s shares closed yesterday at $20.45, close to its 52-week high of $21.66.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.7% and a 79.9% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Astoria Financial Corp has an analyst consensus of Moderate Buy, with a price target consensus of $21.25.

Astoria Financial Corp’s market cap is currently $2.08B and has a P/E ratio of 35.26. The company has a book value ratio of 1.3050.

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Astoria Financial Corp. is a holding company, which through its subsidiary Astoria Bank, engages in attracting retail deposits from the general public and businesses. It invests in 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. The company was founded in 1993 and is headquartered in Lake Success, NY.