Ronnie Moas: KeyCorp Stock Is 'Looking Good'

• Shares of KeyCorp (NYSE: KEY) have lost roughly 3.4 percent over 2015, but just hit a two-month high.
• The chart is "looking good" now, according to Ronnie Moas, Founder & Director of Research at Standpoint Research.

In a recent email to investors, Ronnie Moas shared a brief look into KeyCorp and New York Community Bancorp, Inc. (NYSE: NYCB).

New York Community Bancorp recently took over Astoria Financial Corp (NYSE: AF) in a deal valued at approximately $2 billion. On the other hand, KeyCorp acquired First Niagara Financial Group Inc. (NASDAQ: FNFG) for roughly $4.1 billion – marking one of the largest deals among U.S. regional banks in 2015.

Moas assured he is "quite familiar with all four." He has "gone in-and-out" of New York Community Bancorp a few times since 2005 and was in First Niagara Financial Group before they inked the deal with KeyCorp.

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The analyst went on to note that KeyCorp and New York Community Bancorp both sold off leading up to the acquisitions – after they were announced. These tumbles created "nice entry points for those who can look out 18-36 months."

According to Moas, KeyCorp and New York Community Bancorp "both made good moves and neither overpaid (although NYCB will be forced to cut its 6% dividend yield)."

The analyst gave both KeyCorp and New York Community Bancorp Buy ratings.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.