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Astoria Financial Corporation
Industry Financial services
Fate Acquired by Sterling Bancorp
Founded 1888; 129 years ago (1888)
Defunct October 2, 2017; 43 days ago (October 2, 2017)
Headquarters Lake Success, New York
Area served
New York metropolitan area
Key people
Monte N. Redman, CEO
Ralph F. Palleschi, Chairman
Frank E. Fusco, CFO
Revenue Increase $0.454 billion (2016)
Net income
Decrease $0.071 billion (2016)
Total assets Decrease $14.558 billion (2016)
Total equity Increase $1.714 billion (2016)
Number of employees
1,328
Website www.astoriabank.com

Astoria Financial Corporation was a bank holding company based in Lake Success, New York. In 2017, the company was acquired by Sterling Bancorp.

As of December 31, 2016, the company's principal subsidiary, Astoria Bank, operated 88 locations.

In 1888, the bank was first chartered by New York State.

In 1936, the name was changed to Astoria Savings & Loan Association.

In 1937, the bank received a federal charter and became Astoria Federal Savings & Loan Association.

In 1989, George L. Engelke, Jr., was named president and chief executive officer of the company.

In 1993, Astoria Financial Corporation was created as part of the conversion from a mutual organization to a joint-stock company.

In 1995, the bank acquired Fidelity New York Savings Bank for $160 million in cash.

In 1997, the bank acquired Greater New York Savings Bank for $293 million in stock and cash.

In 1998, the bank acquired Long Island Savings Bank for $1.8 billion.

In 2012, George L. Engelke, Jr. resigned as chairman.

In 2017, the bank was acquired by Sterling Bancorp.

News

Astoria Financial Corporation (financial)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2017 2018-01-27 Future report Set alerts
Q3 2017 2017-10-25 Future report Set alerts
Q2 2017 2017-07-26 0.16 0.16
Q1 2017 2017-04-26 0.12 0.12
Q4 2016 2017-01-25 0.14 0.14
Q3 2016 2016-10-26 0.16 0.16
Q2 2016 2016-07-27 0.16 0.16
Q1 2016 2016-04-27 0.16 0.16
Q4 2015 2016-01-27 0.16 0.16
Q3 2015 2015-10-28 0.17 0.17

Ratings

2016-02-01 Lower Price Target Macquarie Neutral $16.00 to $15.00
2015-12-09 Upgrade RBC Capital Underperform to Outperform €6.40 to €8.00
2015-12-09 Upgrade Royal Bank Of Canada Underperform to Outperform €6.40 to €8.00
2015-11-02 Boost Price Target Barclays Equal Weight $15.00 to $16.00
2015-11-02 Upgrade Sandler O'Neill Hold to Buy
2015-11-02 Boost Price Target Barclays PLC Equal Weight $15.00 to $16.00
2015-10-30 Upgrade Keefe, Bruyette & Woods Underperform to Market Perform $15.00 to $17.00
2015-10-30 Downgrade FBR & Co. Market Perform to Underperform
2015-10-30 Downgrade FBR & Co Market Perform to Underperform
2015-10-26 Downgrade Piper Jaffray Overweight to Neutral $17.00 to $17.00
2015-10-26 Downgrade Piper Jaffray Cos. Overweight to Neutral $17.00 to $17.00
2015-10-06 Lower Price Target Jefferies Group Hold $18.00 to $17.00
2015-10-02 Downgrade Sandler O'Neill Buy to Hold $16.50
2015-09-28 Downgrade Guggenheim Buy to Neutral
2015-08-14 Reiterated Rating Piper Jaffray Overweight $15.00 to $17.00
2015-08-10 Boost Price Target Guggenheim Buy $15.50 to $17.50
2015-08-06 Boost Price Target Keefe, Bruyette & Woods $14.00 to $15.00
2015-07-23 Downgrade Piper Jaffray Overweight to Neutral $15.00
2015-07-02 Boost Price Target Jefferies Group $14.00 to $15.00
2015-06-16 Boost Price Target Barclays Equal Weight $14.00 to $15.00
2015-06-08 Upgrade Guggenheim Neutral to Buy $15.50
2015-06-05 Initiated Coverage Piper Jaffray Overweight $15.00
2015-01-09 Downgrade Guggenheim Buy to Neutral
2014-10-20 Reiterated Rating Bank of America Underperform $12.00 to $11.00
2014-10-20 Reiterated Rating Bank of America Corp. Underperform $12.00 to $11.00
2014-10-17 Reiterated Rating Keefe, Bruyette & Woods Market Perform $14.50 to $13.50
2014-10-16 Reiterated Rating FBR & Co. Market Perform $14.00 to $13.50
2014-10-08 Reiterated Rating Barclays Equal Weight $15.00 to $14.00
2014-04-22 Boost Price Target Jefferies Group Hold $14.50 to $15.00
2014-04-11 Downgrade S&P Equity Research Hold to Sell $14.00 to $13.00
2014-03-18 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform $17.00 to $15.50
2014-01-29 Boost Price Target Barclays Equal Weight $9.00 to $14.00
2014-01-14 Boost Price Target Guggenheim Neutral $15.50
2014-01-02 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $13.00 to $17.00
2013-10-27 Reiterated Rating Keefe, Bruyette & Woods Hold $14.00
2013-10-21 Boost Price Target Keefe, Bruyette & Woods $12.00 to $13.00
2013-10-17 Reiterated Boenning & Scattergood Outperform $14 to $15
2013-10-17 Boost Price Target Jefferies Group Hold $13.00 to $14.00
2013-10-17 Boost Price Target Boenning Scattergood Outperform $14.00 to $15.00
2013-07-18 Reiterated Boenning & Scattergood Outperform $12.50 to $13
2013-07-01 Initiated Boenning & Scattergood Outperform $12.50
2013-01-25 Reiterated FBR Capital Mkt Perform $11 to $9
2012-07-20 Downgrade Stifel Nicolaus Hold to Sell
2012-01-12 Downgrade Barclays Capital Overweight to Equal Weight $10 to $10
2011-07-21 Reiterated FBR Capital Mkt Perform $16 to $14
2010-10-15 Reiterated Barclays Capital Overweight $20 to $18
2010-07-23 Reiterated FBR Capital Mkt Perform $16 to $15
2010-04-23 Reiterated FBR Capital Mkt Perform $13 to $16
2010-04-22 Reiterated Barclays Capital Overweight $15 to $20
2010-01-04 Downgrade Janney Mntgmy Scott Buy to Neutral
2009-12-21 Upgrade Maxim Group Sell to Hold
2009-12-04 Upgrade FBR Capital Underperform to Mkt Perform $10 to $11
2009-09-29 Upgrade Barclays Capital Equal Weight to Overweight $12 to $14
2009-09-09 Initiated Janney Mntgmy Scott Buy
2009-05-07 Initiated Maxim Group Sell $6
2009-01-30 Reiterated Barclays Capital Equal Weight $24 to $14
2009-01-29 Reiterated Friedman Billings Underperform $11 to $6
2016-02-01 Lower Price Target Macquarie Neutral $16.00 to $15.00
2015-12-09 Upgrade RBC Capital Underperform to Outperform €6.40 to €8.00
2015-12-09 Upgrade Royal Bank Of Canada Underperform to Outperform €6.40 to €8.00
2015-11-02 Boost Price Target Barclays Equal Weight $15.00 to $16.00
2015-11-02 Upgrade Sandler O'Neill Hold to Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HONSTEDT GARY M former Exec VP 0.01%  (13550) AF /
HAEFFNER PETER C JR 0.01%  (6358) AF /

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