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| Industry | Financial services |
|---|---|
| Fate | Acquired by Sterling Bancorp |
| Founded | 1888 (1888) |
| Defunct | October 2, 2017 (October 2, 2017) |
| Headquarters | Lake Success, New York |
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Area served
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New York metropolitan area |
|
Key people
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Monte N. Redman, CEO Ralph F. Palleschi, Chairman Frank E. Fusco, CFO |
| Revenue |  $0.454 billion (2016) |
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Net income
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 $0.071 billion (2016) |
| Total assets | $14.558 billion (2016) |
| Total equity | $1.714 billion (2016) |
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Number of employees
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1,328 |
| Website | www |
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.
| 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
In AF 18 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Fund Advisors | 7.46M |
| BlackRock Institutional Trust Company, N.A. | 2.35M |
| RUSSELL FRANK CO/ | 1.23M |
| MANAGED ACCOUNT ADVISORS LLC | 0.73M |
| DECADE CAPITAL MANAGEMENT LLC | 0.51M |
| BlackRock Investment Management, LLC | 0.50M |
| BlackRock Group LTD | 0.21M |
| PEAR TREE ADVISORS INC | 0.12M |
| BOSTON PROVIDENT, L.P. | 51000 |
| BLACKROCK ADVISORS LLC | 48715 |
| Dynamic Technology Lab Pte Ltd | 24490 |
| CAPSTONE ASSET MANAGEMENT CO | 19478 |
| BLACKTHORN INVESTMENT GROUP LLC | 17500 |
| VTL Associates, LLC | 12910 |
| Placemark Investments, Inc. | 11331 |
| 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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