DA Davidson Starts ViewPoint Financial (VPFG) at Neutral; Continuing the Transition to a Full-Service Commercial Bank
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Price: $23.85 --0%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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DA Davidson initiates coverage on ViewPoint Financial (NASDAQ: VPFG) with a Neutral. PT $16.00.
DA analyst says, "With the pending acquisition of Highlands Bancshares and an attractive franchise in the north Dallas suburban markets, we think VPFG is well-positioned to grow both its commercial and retail franchises over the next few years."
"Our initial core EPS estimates are $0.63, $0.74 and $0.78 for 2011, 2012, and 2013, respectively. We expect gradual positive movement within the NIM, balance sheet expansion although the Warehouse Purchase Program will generate some volatility, and generally low credit costs. If loan growth picks up beyond our expectations we think our estimates could prove to be conservative."
For an analyst ratings summary and ratings history on ViewPoint Financial click here. For more ratings news on ViewPoint Financial click here.
Shares of ViewPoint Financial closed at $13.51 yesterday.
DA analyst says, "With the pending acquisition of Highlands Bancshares and an attractive franchise in the north Dallas suburban markets, we think VPFG is well-positioned to grow both its commercial and retail franchises over the next few years."
"Our initial core EPS estimates are $0.63, $0.74 and $0.78 for 2011, 2012, and 2013, respectively. We expect gradual positive movement within the NIM, balance sheet expansion although the Warehouse Purchase Program will generate some volatility, and generally low credit costs. If loan growth picks up beyond our expectations we think our estimates could prove to be conservative."
For an analyst ratings summary and ratings history on ViewPoint Financial click here. For more ratings news on ViewPoint Financial click here.
Shares of ViewPoint Financial closed at $13.51 yesterday.
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