ViewPoint Financial Group (NASDAQ:LTXB) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.80.
A number of equities research analysts have commented on LTXB shares. BidaskClub upgraded ViewPoint Financial Group from a “hold” rating to a “buy” rating in a report on Friday, May 11th. ValuEngine cut ViewPoint Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut ViewPoint Financial Group from a “hold” rating to a “sell” rating in a report on Friday, April 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $48.00 target price on shares of ViewPoint Financial Group in a report on Thursday, April 19th. Finally, Keefe, Bruyette & Woods cut ViewPoint Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 18th.
In other ViewPoint Financial Group news, COO Scott A. Almy sold 1,558 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $42.16, for a total transaction of $65,685.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Scott A. Almy sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of LTXB. Royal Bank of Canada lifted its stake in shares of ViewPoint Financial Group by 289.9% during the 1st quarter. Royal Bank of Canada now owns 536,333 shares of the financial services provider’s stock worth $22,965,000 after purchasing an additional 398,768 shares during the period. BlackRock Inc. lifted its stake in shares of ViewPoint Financial Group by 7.2% during the 1st quarter. BlackRock Inc. now owns 5,648,942 shares of the financial services provider’s stock worth $241,887,000 after purchasing an additional 378,676 shares during the period. Impax Asset Management LLC purchased a new position in shares of ViewPoint Financial Group during the 1st quarter worth $12,005,000. Elizabeth Park Capital Advisors Ltd. purchased a new position in shares of ViewPoint Financial Group during the 1st quarter worth $11,588,000. Finally, Citadel Advisors LLC lifted its stake in shares of ViewPoint Financial Group by 585.9% during the 4th quarter. Citadel Advisors LLC now owns 274,879 shares of the financial services provider’s stock worth $11,603,000 after purchasing an additional 234,805 shares during the period. 84.47% of the stock is currently owned by institutional investors.
Shares of LTXB traded down $0.20 on Friday, reaching $43.51. The stock had a trading volume of 219,045 shares, compared to its average volume of 281,814. The stock has a market cap of $2.10 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 1.09. ViewPoint Financial Group has a twelve month low of $34.58 and a twelve month high of $46.45.
ViewPoint Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.19). The firm had revenue of $91.51 million during the quarter, compared to analyst estimates of $89.67 million. ViewPoint Financial Group had a return on equity of 11.46% and a net margin of 23.15%. During the same quarter in the prior year, the company earned $0.37 EPS. research analysts expect that ViewPoint Financial Group will post 2.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Monday, April 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, April 27th. ViewPoint Financial Group’s dividend payout ratio (DPR) is presently 29.36%.
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.
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