Astoria Financial (AF) could be a likely takeover target because of its recent emphasis on multifamily lending and a stock that is trading at a discount.

That's the view of Mark Fitzgibbon, an analyst at Sandler O'Neill & Partners. He wrote in a Tuesday note to his clients that the $17 billion-asset company could be a "tempting morsel" for several bigger banks to acquire. The thrift company's attractive credit profile could appeal to potential acquirers such as BankUnited (BKU), M&T Bank (MTB), People's United Financial (PBCT) and Toronto-Dominion Bank's TD Bank.

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