Zacks: Analysts Anticipate ViewPoint Financial Group (LTXB) Will Post Quarterly Sales of $95.80 Million
Equities research analysts predict that ViewPoint Financial Group (NASDAQ:LTXB) will post $95.80 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for ViewPoint Financial Group’s earnings, with estimates ranging from $94.10 million to $96.80 million. ViewPoint Financial Group reported sales of $88.05 million during the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The company is expected to announce its next earnings report on Tuesday, July 17th.
According to Zacks, analysts expect that ViewPoint Financial Group will report full year sales of $384.53 million for the current year, with estimates ranging from $381.60 million to $387.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $416.03 million per share, with estimates ranging from $413.40 million to $421.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for ViewPoint Financial Group.
ViewPoint Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.19). The company had revenue of $91.51 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $0.37 earnings per share.
In other ViewPoint Financial Group news, EVP Charles D. Eikenberg sold 5,000 shares of ViewPoint Financial Group stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $44.18, for a total transaction of $220,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles D. Eikenberg sold 10,000 shares of ViewPoint Financial Group stock in a transaction dated 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 26,558 shares of company stock valued at $1,166,185 in the last three months. 3.10% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new stake in ViewPoint Financial Group during the third quarter worth about $203,000. Leucadia National Corp bought a new stake in ViewPoint Financial Group during the fourth quarter worth about $205,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of ViewPoint Financial Group in the 4th quarter valued at about $205,000. Csenge Advisory Group bought a new stake in shares of ViewPoint Financial Group in the 4th quarter valued at about $206,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of ViewPoint Financial Group in the 4th quarter valued at about $208,000. 85.39% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ LTXB traded up $0.55 during mid-day trading on Thursday, hitting $41.61. The company had a trading volume of 585,173 shares, compared to its average volume of 340,392. The stock has a market cap of $2,008.31, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. ViewPoint Financial Group has a 1 year low of $34.58 and a 1 year high of $46.45. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.99 and a current ratio of 1.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 30th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, April 27th. ViewPoint Financial Group’s dividend payout ratio is 29.36%.
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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.
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