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Simplicity Bancorp (NASDAQ:SMPL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $18.60 price target on the stock. Zacks‘s price objective points to a potential upside of 5.14% from the stock’s previous close.

Shares of Simplicity Bancorp (NASDAQ:SMPL) traded down 1.36% on Monday, hitting $17.45. The stock had a trading volume of 9,291 shares. Simplicity Bancorp has a 1-year low of $14.45 and a 1-year high of $18.43. The stock has a 50-day moving average of $16.97 and a 200-day moving average of $16.86. The company has a market cap of $124.2 million and a price-to-earnings ratio of 22.42.

Simplicity Bancorp (NASDAQ:SMPL) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.03. On average, analysts predict that Simplicity Bancorp will post $0.68 earnings per share for the current fiscal year.

Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Simplicity Bancorp from $16.00 to $17.00 in a research note on Tuesday, May 6th. They now have a “market perform” rating on the stock.

Simplicity Bancorp Inc, formerly K-Fed Bancorp, is a federally-chartered stock holding company. K-Fed Bancorp is a wholly owned subsidiary of K-Fed Mutual Holding Company (NASDAQ:SMPL), a federally-chartered mutual holding company.

To view Zacks’ full report, visit Zacks’ official website.

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