Best Consumer Service Stocks To Buy Right Now

Best Consumer Service Stocks To Buy Right Now: ViewPoint Financial Group Inc.(VPFG)

ViewPoint Financial Group, Inc. operates as the holding company for ViewPoint Bank, which provides financial services for consumers and businesses. Its deposit products include checking, savings, money market, demand accounts, and certificates of deposit. The company?s loan portfolio comprises real estate loans, such as one-to four-family, commercial construction, and home equity loans, as well as commercial real estate loans for office buildings, retail centers, light industrial facilities, warehouses, and multifamily properties; consumer loans, including new and used automobile loans, recreational vehicle loans, loans secured by savings deposits, and unsecured consumer loans; and commercial non-mortgage loans, including loans to finance business working capital, commercial vehicles, and equipment, as well as lines of credit. It also offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrang ement. As of March 31, 2011, the company operated 23 community bank offices in the Dallas/Fort Worth Metroplex and 13 loan production offices located in Texas, Oklahoma, and Ohio. ViewPoint Financial Group, Inc. is headquartered in Plano, Texas.

Advisors' Opinion:

• [By John Udovich]

  Texas has set another record for job creation with small cap Texas banking stock like Texas Capital Bancshares (NASDAQ: TCBI), ViewPoint Financial Group (NASDAQ: VPFG) and First Financial Bankshares (NASDAQ: FFIN) naturally being well positioned to take advantage of the Texas economic miracle (see my previous article: Texas is Booming and So Are These Texas Stocks (EE, TPL & ATO)). I should add that I wrote about these Texas banking stocks back in late 2012 (see: Don't Mess With Texas Banking Stocks TCBI, VPFG & FFIN) and! the Texas Workforce Commission has just reported that the Texas economy added 36,400 jobs in September while over the past 12 months, employers added 413,700 jobs — the most ever recorded by the state. Moreover, several companies surveyed by the Dallas Fed responded by saying they are seeing labor market tightness while companies are saying they are experiencing upward wage pressures and staffing firms note that candidates are ofte n receiving multiple offers.

• [By Rich Smith]

  Plano, Texas-based ViewPoint Financial Group (NASDAQ: VPFG  ) is looking for a new CFO.

  On Wednesday, just before investors packed their bags for the holiday, ViewPoint announced that Chief Financial Officer Pathie E. McKee intends to resign from the bank holding company at the end of this month. She will continue assisting ViewPoint in the capacity of a consultant through the end of the year, however, helping to ensure a smooth transition for her replacement.

source from Top Stocks For 2015:http://www.topstocksblog.com/best-consumer-service-stocks-to-buy-right-now.html