ViewPoint Financial Group (LTXB) Stock Rating Upgraded by BidaskClub

ViewPoint Financial Group (NASDAQ:LTXB) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other brokerages also recently issued reports on LTXB. Stephens reiterated a “hold” rating and issued a $46.00 price target on shares of ViewPoint Financial Group in a report on Thursday, January 25th. Sandler O’Neill reiterated a “buy” rating and issued a $50.00 price target on shares of ViewPoint Financial Group in a report on Thursday, January 25th. DA Davidson increased their price target on shares of ViewPoint Financial Group to $53.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, January 11th. Finally, ValuEngine upgraded shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating in a report on Friday, April 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.00.

Shares of ViewPoint Financial Group stock opened at $42.32 on Friday. The firm has a market cap of $2,062.84, a price-to-earnings ratio of 19.41, a PEG ratio of 1.45 and a beta of 1.27. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. ViewPoint Financial Group has a one year low of $34.58 and a one year high of $46.45.

ViewPoint Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.19). The company had revenue of $91.51 million during the quarter, compared to analysts’ expectations of $89.67 million. ViewPoint Financial Group had a net margin of 23.15% and a return on equity of 11.46%. During the same quarter in the prior year, the business earned $0.37 EPS. equities research analysts forecast that ViewPoint Financial Group will post 2.95 earnings per share for the current year.

In related news, Director Karen H. Oshea sold 5,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Scott A. Almy sold 1,558 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $42.16, for a total transaction of $65,685.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,558 shares of company stock worth $1,166,185. 3.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA grew its stake in ViewPoint Financial Group by 8.1% in the 4th quarter. Glenmede Trust Co. NA now owns 853,865 shares of the financial services provider’s stock valued at $36,039,000 after acquiring an additional 63,696 shares during the last quarter. American Century Companies Inc. grew its stake in ViewPoint Financial Group by 17.5% in the 4th quarter. American Century Companies Inc. now owns 838,119 shares of the financial services provider’s stock valued at $35,377,000 after acquiring an additional 124,911 shares during the last quarter. Wells Fargo & Company MN grew its stake in ViewPoint Financial Group by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 766,549 shares of the financial services provider’s stock valued at $32,356,000 after acquiring an additional 36,701 shares during the last quarter. Clearbridge LLC grew its stake in ViewPoint Financial Group by 10.3% in the 4th quarter. Clearbridge LLC now owns 695,119 shares of the financial services provider’s stock valued at $29,341,000 after acquiring an additional 64,720 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in ViewPoint Financial Group by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 568,633 shares of the financial services provider’s stock valued at $24,002,000 after acquiring an additional 24,728 shares during the last quarter. 85.29% of the stock is currently owned by hedge funds and other institutional investors.

ViewPoint Financial Group Company Profile

LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.

Analyst Recommendations for ViewPoint Financial Group (NASDAQ:LTXB)

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