BidaskClub downgraded shares of ViewPoint Financial Group (NASDAQ:LTXB) from a buy rating to a hold rating in a research note released on Thursday morning.

LTXB has been the topic of several other research reports. ValuEngine cut ViewPoint Financial Group from a buy rating to a hold rating in a report on Wednesday. Piper Jaffray reiterated a buy rating and set a $48.00 price objective on shares of ViewPoint Financial Group in a research report on Thursday. UBS lowered ViewPoint Financial Group from an outperform rating to a market perform rating in a research report on Wednesday. Zacks Investment Research lowered ViewPoint Financial Group from a buy rating to a hold rating in a research report on Tuesday, January 9th. Finally, Sandler O’Neill reiterated a buy rating and set a $50.00 price objective on shares of ViewPoint Financial Group in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $48.00.

NASDAQ:LTXB opened at $41.61 on Thursday. ViewPoint Financial Group has a twelve month low of $34.58 and a twelve month high of $46.45. The stock has a market capitalization of $2,008.31, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.99 and a current ratio of 1.10.

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 the consensus estimate of $0.71 by ($0.19). ViewPoint Financial Group had a net margin of 23.15% and a return on equity of 11.46%. The business had revenue of $91.51 million during the quarter, compared to analysts’ expectations of $89.67 million. During the same period in the previous year, the business earned $0.37 EPS. research analysts expect that ViewPoint Financial Group will post 2.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 30th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.64 annualized dividend and a dividend yield of 1.54%. ViewPoint Financial Group’s dividend payout ratio (DPR) is presently 29.36%.

In related news, COO Scott A. Almy sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $42.90, for a total transaction of $214,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Charles D. Eikenberg sold 10,000 shares of the firm’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 value 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 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in ViewPoint Financial Group by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,303,447 shares of the financial services provider’s stock worth $91,953,000 after acquiring an additional 29,293 shares during the last quarter. Glenmede Trust Co. NA grew its position in ViewPoint Financial Group by 8.1% during the 4th quarter. Glenmede Trust Co. NA now owns 853,865 shares of the financial services provider’s stock worth $36,039,000 after acquiring an additional 63,696 shares during the last quarter. American Century Companies Inc. grew its position in ViewPoint Financial Group by 17.5% during the 4th quarter. American Century Companies Inc. now owns 838,119 shares of the financial services provider’s stock worth $35,377,000 after acquiring an additional 124,911 shares during the last quarter. Wells Fargo & Company MN grew its position in ViewPoint Financial Group by 5.0% during the 4th quarter. Wells Fargo & Company MN now owns 766,549 shares of the financial services provider’s stock worth $32,356,000 after acquiring an additional 36,701 shares during the last quarter. Finally, Clearbridge LLC grew its position in ViewPoint Financial Group by 10.3% during the 4th quarter. Clearbridge LLC now owns 695,119 shares of the financial services provider’s stock worth $29,341,000 after acquiring an additional 64,720 shares during the last quarter. Institutional investors and hedge funds own 85.39% 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.

Analyst Recommendations for ViewPoint Financial Group (NASDAQ:LTXB)

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