Analysts expect that ViewPoint Financial Group (NASDAQ:LTXB) will post $89.67 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for ViewPoint Financial Group’s earnings, with the lowest sales estimate coming in at $88.30 million and the highest estimate coming in at $90.90 million. ViewPoint Financial Group reported sales of $88.68 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 17th.
According to Zacks, analysts expect that ViewPoint Financial Group will report full-year sales of $89.67 million for the current year, with estimates ranging from $378.50 million to $387.40 million. For the next year, analysts expect that the company will report sales of $417.00 million per share, with estimates ranging from $413.40 million to $421.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for ViewPoint Financial Group.
ViewPoint Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $91.99 million. ViewPoint Financial Group had a return on equity of 10.94% and a net margin of 21.80%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS.
LTXB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of ViewPoint Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Sandler O’Neill reaffirmed a “buy” rating and issued a $50.00 price target on shares of ViewPoint Financial Group in a research note on Thursday, January 25th. Stephens reaffirmed a “hold” rating and issued a $46.00 price target on shares of ViewPoint Financial Group in a research note on Thursday, January 25th. Finally, DA Davidson raised their price target on shares of ViewPoint Financial Group to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. ViewPoint Financial Group has an average rating of “Buy” and an average target price of $47.79.
LTXB stock traded down $1.06 during trading on Monday, hitting $42.45. The company had a trading volume of 180,284 shares, compared to its average volume of 243,748. The company has a market capitalization of $2,097.17, a PE ratio of 20.05, a P/E/G ratio of 1.38 and a beta of 1.27. ViewPoint Financial Group has a 52-week low of $31.50 and a 52-week high of $46.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.99.
In other ViewPoint Financial Group news, Director Karen H. Oshea sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Charles D. Eikenberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were 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. Insiders have sold a total of 26,558 shares of company stock worth $1,166,185 in the last three months. Insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Swiss National Bank increased its position in ViewPoint Financial Group by 4.3% during the 4th quarter. Swiss National Bank now owns 74,900 shares of the financial services provider’s stock valued at $3,162,000 after purchasing an additional 3,100 shares during the period. Rhumbline Advisers increased its position in ViewPoint Financial Group by 12.2% during the 4th quarter. Rhumbline Advisers now owns 103,327 shares of the financial services provider’s stock valued at $4,361,000 after purchasing an additional 11,212 shares during the period. Leucadia National Corp purchased a new position in ViewPoint Financial Group during the 4th quarter valued at about $205,000. Arizona State Retirement System increased its position in ViewPoint Financial Group by 223.8% during the 4th quarter. Arizona State Retirement System now owns 71,054 shares of the financial services provider’s stock valued at $2,999,000 after purchasing an additional 49,111 shares during the period. Finally, Trexquant Investment LP purchased a new position in ViewPoint Financial Group during the 3rd quarter valued at about $328,000. 85.40% of the stock is currently owned by institutional investors and hedge funds.
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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.
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