Astoria Financial Corporation (AF): What’s the Story?

Astoria Financial Corporation (NYSE:AF) is an interesting player in the Financial space, with a focus on Savings & Loans. The stock has been active on the tape, currently trading at $18.87, up from yesterday’s close by 1.23%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

This company has been competing with others in the space and offers its own combination of interesting factors Astoria Financial Corporation (AF) currently trades with a market capitalization of $1.91B. That value represents a market adjusting for revenues that have been falling by -4.50% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For AF, the company currently has $132.80M of cash on the books, which is offset by $3.81B current liabilities. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.15 on a per share basis this quarter. Perhaps, that suggests something about why 78.90% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Astoria Financial Corporation recorded a 52-week high of 19.25. It is now trading 0.61 off that level. The stock is trading 17.85 its 50-day moving average by -0.79. The stock carved out a 52-week low down at 13.92.

In recent action, Astoria Financial Corporation (AF) has made a move of +8.01% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 10.24, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 90.41M with 2.56% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AF.

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