Rhumbline Advisers Has $2.79 Million Stake in Astoria Financial Corp (AF)

Rhumbline Advisers lessened its holdings in shares of Astoria Financial Corp (NYSE:AF) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,707 shares of the savings and loans company’s stock after selling 71,727 shares during the period. Rhumbline Advisers’ holdings in Astoria Financial were worth $2,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AF. GSA Capital Partners LLP raised its stake in Astoria Financial by 0.7% in the 2nd quarter. GSA Capital Partners LLP now owns 13,385 shares of the savings and loans company’s stock worth $270,000 after acquiring an additional 91 shares during the last quarter. Arizona State Retirement System raised its stake in Astoria Financial by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,708 shares of the savings and loans company’s stock worth $961,000 after acquiring an additional 200 shares during the last quarter. Amalgamated Bank raised its stake in Astoria Financial by 1.8% in the 2nd quarter. Amalgamated Bank now owns 12,680 shares of the savings and loans company’s stock worth $256,000 after acquiring an additional 224 shares during the last quarter. Suntrust Banks Inc. raised its stake in Astoria Financial by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 14,450 shares of the savings and loans company’s stock worth $291,000 after acquiring an additional 244 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Astoria Financial by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,006 shares of the savings and loans company’s stock worth $1,430,000 after acquiring an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

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

Astoria Financial Corp (NYSE:AF) remained flat at $$21.50 during midday trading on Friday. Astoria Financial Corp has a fifty-two week low of $14.11 and a fifty-two week high of $21.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.19.

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About Astoria Financial

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.

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

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