ViewPoint Financial Group Downgraded to Neutral at Zacks (VPFG)
ViewPoint Financial Group (NASDAQ:VPFG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst RN reports. They currently have a $30.10 price objective on the stock. Zacks‘ price target would suggest a potential upside of 18.69% from the company’s current price.
ViewPoint Financial Group (NASDAQ:VPFG) traded down 0.29% on Tuesday, hitting $25.2864. 66,227 shares of the company’s stock traded hands. ViewPoint Financial Group has a one year low of $17.88 and a one year high of $27.89. The stock has a 50-day moving average of $26.56 and a 200-day moving average of $22.75. The company has a market cap of $965.2 million and a price-to-earnings ratio of 27.63.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets raised their price target on shares of ViewPoint Financial Group from $22.00 to $25.00 in a research note to investors on Wednesday, November 27th. They now have a “market perform” rating on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of ViewPoint Financial Group in a research note to investors on Tuesday, November 12th. They now have a $24.00 price target on the stock, up previously from $23.00. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. ViewPoint Financial Group presently has a consensus rating of “Hold” and an average price target of $23.37.
ViewPoint Financial Group, Inc, formerly ViewPoint Financial Group, is a federally chartered stock holding company for ViewPoint Bank (NASDAQ:VPFG).
To view Zacks’ full report, visit www.zacks.com
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