ViewPoint Financial Group Downgraded by Zacks to Underperform (VPFG)
ViewPoint Financial Group (NASDAQ:VPFG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a $19.30 price objective on the stock. Zacks‘ price objective indicates a potential downside of 4.93% from the stock’s previous close.
VPFG has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of ViewPoint Financial Group from $22.00 to $24.00 in a research note to investors on Friday, July 26th. Analysts at Keefe, Bruyette & Woods raised their price target on shares of ViewPoint Financial Group from $20.00 to $21.00 in a research note to investors on Thursday, July 25th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.11.
ViewPoint Financial Group (NASDAQ:VPFG) remained flat at $20.30 during trading on Wednesday. 40,456 shares of the company’s stock traded hands. ViewPoint Financial Group has a 1-year low of $17.88 and a 1-year high of $22.49. The stock has a 50-day moving average of $20.33 and a 200-day moving average of $20.19. The company has a market cap of $773.4 million and a P/E ratio of 20.22.
ViewPoint Financial Group (NASDAQ:VPFG) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.03. On average, analysts predict that ViewPoint Financial Group will post $0.92 earnings per share for the current fiscal year.
ViewPoint Financial Group, Inc, formerly ViewPoint Financial Group, is a federally chartered stock holding company for ViewPoint Bank (NASDAQ:VPFG).
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