ViewPoint Financial Group (LTXB) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of ViewPoint Financial Group (NASDAQ:LTXB) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of ViewPoint Financial Group from a hold rating to a buy rating in a report on Thursday, March 8th. Zacks Investment Research downgraded shares of ViewPoint Financial Group from a strong-buy rating to a hold rating in a report on Wednesday, February 14th. Sandler O’Neill restated a buy rating and issued a $50.00 target price on shares of ViewPoint Financial Group in a report on Thursday, January 25th. DA Davidson boosted their target price on shares of ViewPoint Financial Group to $53.00 and gave the company a buy rating in a report on Thursday, January 25th. Finally, Stephens restated a hold rating and issued a $46.00 target price on shares of ViewPoint Financial Group in a report on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $47.79.

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ViewPoint Financial Group stock opened at $42.45 on Friday. ViewPoint Financial Group has a 1 year low of $31.50 and a 1 year high of $46.45. The company has a market capitalization of $2,097.17, a P/E ratio of 20.05, a P/E/G ratio of 1.38 and a beta of 1.27. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.23.

ViewPoint Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). ViewPoint Financial Group had a net margin of 21.80% and a return on equity of 10.94%. The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $91.99 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. ViewPoint Financial Group’s revenue for the quarter was up .9% compared to the same quarter last year. research analysts predict that ViewPoint Financial Group will post 3.15 earnings per share for the current year.

In other ViewPoint Financial Group news, EVP Charles D. Eikenberg sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $44.18, for a total transaction of $220,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles D. Eikenberg sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.01, for a total transaction of $440,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,558 shares of company stock valued at $1,166,185. 3.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC grew its stake in ViewPoint Financial Group by 19.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,024 shares of the financial services provider’s stock worth $339,000 after buying an additional 1,326 shares during the period. Teachers Advisors LLC grew its stake in ViewPoint Financial Group by 0.9% during the fourth quarter. Teachers Advisors LLC now owns 152,669 shares of the financial services provider’s stock worth $6,444,000 after buying an additional 1,375 shares during the period. New York State Common Retirement Fund grew its stake in ViewPoint Financial Group by 2.6% during the third quarter. New York State Common Retirement Fund now owns 69,613 shares of the financial services provider’s stock worth $2,779,000 after buying an additional 1,784 shares during the period. M&T Bank Corp lifted its position in shares of ViewPoint Financial Group by 14.1% during the fourth quarter. M&T Bank Corp now owns 17,025 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 2,104 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of ViewPoint Financial Group by 9.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 24,396 shares of the financial services provider’s stock worth $1,030,000 after purchasing an additional 2,118 shares in the last quarter. Institutional investors own 85.40% of the company’s stock.

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About ViewPoint Financial Group

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ViewPoint Financial Group (NASDAQ:LTXB)

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