BankAtlantic Bancorp (NYSE: BBX) was upgraded by analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, StockRatingsNetwork reports.
The analysts wrote, “BBX Capital (BBX) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company’s cash flow from its operations has been weak overall.”
Shares of BankAtlantic Bancorp (NYSE: BBX) opened at 8.22 on Monday. BankAtlantic Bancorp has a one year low of $4.10 and a one year high of $8.25. The stock’s 50-day moving average is currently $8.04. The company has a market cap of $129.6 million and a P/E ratio of 0.55.
BBX Capital Corporation, formerly BankAtlantic Bancorp, Inc., is a Florida-based bank holding company.
To view TheStreet’s full report, visit www.thestreetratings.com