BNP Paribas Arbitrage SA raised its stake in Astoria Financial Corp (NYSE:AF) by 148.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,448 shares of the savings and loans company’s stock after purchasing an additional 121,672 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Astoria Financial were worth $4,374,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AF. GSA Capital Partners LLP lifted its holdings in Astoria Financial by 0.7% during the 2nd quarter. GSA Capital Partners LLP now owns 13,385 shares of the savings and loans company’s stock worth $270,000 after purchasing an additional 91 shares during the last quarter. Arizona State Retirement System lifted its holdings in Astoria Financial by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,708 shares of the savings and loans company’s stock worth $961,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Astoria Financial by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the savings and loans company’s stock worth $752,000 after purchasing an additional 200 shares during the last quarter. Amalgamated Bank raised its holdings 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 valued at $256,000 after acquiring an additional 224 shares in the last quarter. Finally, Suntrust Banks Inc. raised its holdings 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 valued at $291,000 after acquiring an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.50 price objective on shares of Astoria Financial in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.25.
Astoria Financial Corp (AF) traded down $0.13 during trading on Monday, hitting $21.50. The stock had a trading volume of 16,922,900 shares, compared to its average volume of 1,106,531. 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 12 month low of $14.11 and a 12 month high of $21.90.
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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.
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