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Enter Symbol:
Rating: AF
Buy

Astoria Financial Corporation (NYSE: AF) upgraded to Buy by Sandler O'Neill

Monday,  Nov 2, 2015  10:25 AM ET by Betsy O'Brien Harrison

Sandler O'Neill upgraded Astoria Financial Corporation (NYSE: AF) to Buy.
Previously Sandler O'Neill upgraded to Astoria Financial Corporation (NYSE: AF) to Hold on 10/02/2015, when the stock price was $15.61.

Astoria Financial Corporation is the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association, and its consolidated subsidiaries (collectively referred to as Astoria Federal). Astoria Federal?s primary business is attracting retail deposits from the general public and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in one- to-four family mortgage loans, multi-family mortgage loans, commercial real estate loans and mortgage-backed securities. To a lesser degree, Astoria Federal also invests in construction loans, and consumer and other loans, United States government, government agency and government-sponsored enterprise (GSE), securities and other investments permitted by federal banking laws and regulations.

Sandler O’Neill publishes in-depth equity research on approximately 200 financial services companies. Our analysts cover small-, mid- and large-cap banks and thrifts; specialty finance, asset management, credit card and eFinance companies; investment banks and insurers. __ We also publish frequent special reports on regional trends, industry consolidation, mutual-to-stock conversions, and other topics. Our research is especially valuable to smaller issuers that are not widely followed by “bulge bracket” Wall Street firms. Those issuers often have sufficient trading volume to attract institutional interest, yet lack quality coverage. We track larger issuers as well, providing fresh perspectives, independent thinking and deep industry knowledge.



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