TheStreet Downgrades Peoples Federal Bancshares to Hold (PEOP)
Peoples Federal Bancshares (NASDAQ:PEOP) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Analyst Ratings.Net reports.
The analysts wrote, “Peoples Federal (PEOP) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Peoples Federal Bancshares (NASDAQ:PEOP) to a “market perform” rating in a research note to investors on Wednesday, July 24th. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Peoples Federal Bancshares (NASDAQ:PEOP) from $23.00 to $25.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock.
Peoples Federal Bancshares (NASDAQ:PEOP) traded down 0.28% during mid-day trading on Wednesday, hitting $17.57. 3,629 shares of the company’s stock traded hands. Peoples Federal Bancshares has a 52 week low of $16.10 and a 52 week high of $19.28. The stock has a 50-day moving average of $17.96 and a 200-day moving average of $18.30. The company has a market cap of $101.9 million and a P/E ratio of 72.51.
Peoples Federal Bancshares, Inc will become the holding company of Peoples Federal Savings Bank upon completion of the mutual-to-stock conversion.
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