Castine Capital Management LLC purchased a new position in Astoria Financial Corp (NYSE:AF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 401,005 shares of the savings and loans company’s stock, valued at approximately $8,622,000. Astoria Financial comprises 3.2% of Castine Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Castine Capital Management LLC owned 0.39% of Astoria Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Thrivent Financial For Lutherans increased its position in Astoria Financial by 1,631.3% during the second quarter. Thrivent Financial For Lutherans now owns 894,710 shares of the savings and loans company’s stock valued at $18,028,000 after acquiring an additional 843,030 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Astoria Financial during the third quarter valued at $8,255,000. Citigroup Inc. increased its position in Astoria Financial by 268.7% during the second quarter. Citigroup Inc. now owns 408,694 shares of the savings and loans company’s stock valued at $8,235,000 after acquiring an additional 297,833 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Astoria Financial during the third quarter valued at $4,594,000. Finally, Franklin Resources Inc. purchased a new stake in Astoria Financial during the second quarter valued at $3,659,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Shares of Astoria Financial Corp (AF) opened at $21.50 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.19. Astoria Financial Corp has a 1 year low of $14.11 and a 1 year high of $21.90.

Separately, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.50 price target on shares of Astoria Financial in a research report on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.25.

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Astoria Financial Profile

Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary 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, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.

Institutional Ownership by Quarter for Astoria Financial (NYSE:AF)

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