Shares of Lake Success, New York-based Astoria Financial ( AF) are off by 2% in 2012 and have shed 44% on a one-year basis. The bank missed expectations in the fourth quarter, reporting a net income of $11.8 million, or 12 cents per share, a 50% decline from a profit of $23.8 million, or 25 cents per share, last year. Analysts on average had expected the company to earn 14 cents a share, according to Thomson Reuters. The company said it will freeze salaries for its executive officers to put a lid on expenses and is reviewing staffing and compensation plans. The company said it expects multi-family/CRE loan originations of about $1.5 billion and residential loan originations for portfolio of about $3.5 billion in 2012, which will be reflected in loan growth in the first quarter. "These actions will help, but the prolonged low-rate environment is a significant challenge," FBR Capital analyst Bob Ramsey said in a report. Ramsey has a market perform rating on the stock and a price target of $9. Two analysts rate the stock a buy, while 10 have a hold rating and 5 analysts rate the stock a sell. The consensus price target is $8.74. Shares closed at$8.22 on Tuesday. >>To see these stocks in action, visit the 5 Bank Stocks Analysts Say You Should Sell Now portfolio on Stockpickr. --Written by Shanthi Bharatwaj in New York >To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: firstname.lastname@example.org.