ViewPoint Financial Group (VPFG) Announces Quarterly Results
ViewPoint Financial Group (NASDAQ:VPFG) announced its earnings results on Tuesday. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.01, AnalystRatings.NET reports. The company had revenue of $30.07 million for the quarter, compared to the consensus estimate of $29.28 million. During the same quarter last year, the company posted $0.28 earnings per share.
Shares of ViewPoint Financial Group (NASDAQ:VPFG) traded up 1.98% during mid-day trading on Tuesday, hitting $24.20. 190,698 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 $27.89. The stock’s 50-day moving average is $26.36 and its 200-day moving average is $22.85. The company has a market cap of $923.7 million and a price-to-earnings ratio of 25.85.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.02%.
A number of analysts have recently weighed in on VPFG shares. Analysts at Zacks downgraded shares of ViewPoint Financial Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 28th. They now have a $30.10 price target on the stock. Finally, 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently 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).
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