ViewPoint Financial Group (LTXB) Forecasted to Earn Q4 2018 Earnings of $0.80 Per Share

ViewPoint Financial Group (NASDAQ:LTXB) – Equities research analysts at DA Davidson lifted their Q4 2018 earnings estimates for ViewPoint Financial Group in a report issued on Wednesday, April 18th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $0.80 per share for the quarter, up from their previous estimate of $0.79. DA Davidson has a “Buy” rating and a $53.00 price objective on the stock.

A number of other research analysts have also recently issued reports on LTXB. Zacks Investment Research raised shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, December 27th. Stephens reissued a “hold” rating and issued a $46.00 price objective on shares of ViewPoint Financial Group in a research note on Thursday, January 25th. Sandler O’Neill restated a “buy” rating and issued a $50.00 target price on shares of ViewPoint Financial Group in a research report on Thursday, January 25th. BidaskClub upgraded shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, ValuEngine upgraded shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.00.

Shares of NASDAQ:LTXB opened at $41.61 on Friday. The company has a market capitalization of $1,952.08, a P/E ratio of 19.15, a PEG ratio of 1.30 and a beta of 1.27. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.75. ViewPoint Financial Group has a 1 year low of $34.58 and a 1 year high of $46.45.

ViewPoint Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.52 earnings per share (EPS) 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 the consensus estimate 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 period last year, the business earned $0.37 earnings per share.

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of ViewPoint Financial Group during the third quarter worth $203,000. Leucadia National Corp acquired a new position in shares of ViewPoint Financial Group during the fourth quarter worth $205,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of ViewPoint Financial Group during the fourth quarter worth $205,000. Csenge Advisory Group acquired a new position in shares of ViewPoint Financial Group during the fourth quarter worth $206,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of ViewPoint Financial Group during the fourth quarter worth $208,000. Institutional investors own 85.39% of the company’s stock.

In other news, EVP Charles D. Eikenberg sold 10,000 shares of ViewPoint Financial Group stock in a transaction on Monday, February 5th. The shares were sold at an average price of $44.01, for a total transaction of $440,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Charles D. Eikenberg sold 5,000 shares of ViewPoint Financial Group stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $44.18, for a total transaction of $220,900.00. The disclosure for this sale can be found here. Insiders sold 26,558 shares of company stock worth $1,166,185 in the last 90 days. Company insiders own 3.10% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 30th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.64 dividend on an annualized basis and a yield of 1.54%. ViewPoint Financial Group’s dividend payout ratio is currently 29.36%.

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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.

Earnings History and Estimates for ViewPoint Financial Group (NASDAQ:LTXB)

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