BidaskClub Upgrades LegacyTexas Financial Group (NASDAQ:LTXB) to “Sell”

BidaskClub upgraded shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a strong sell rating to a sell rating in a research report report published on Wednesday, July 25th.

Other equities analysts have also issued research reports about the stock. Hovde Group restated a hold rating and set a $46.00 price objective on shares of LegacyTexas Financial Group in a research report on Friday, July 20th. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a sell rating to a hold rating in a report on Saturday, July 21st. Piper Jaffray Companies reiterated a buy rating and issued a $49.50 target price on shares of LegacyTexas Financial Group in a report on Friday, July 20th. ValuEngine upgraded shares of LegacyTexas Financial Group from a hold rating to a buy rating in a report on Friday, April 6th. Finally, Raymond James reissued a market perform rating on shares of LegacyTexas Financial Group in a research report on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $48.93.

Shares of NASDAQ:LTXB opened at $43.48 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.16 and a current ratio of 1.16. LegacyTexas Financial Group has a 1-year low of $34.58 and a 1-year high of $46.45. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.43.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). The firm had revenue of $94.78 million during the quarter, compared to analyst estimates of $94.05 million. LegacyTexas Financial Group had a return on equity of 11.24% and a net margin of 22.39%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. equities research analysts anticipate that LegacyTexas Financial Group will post 2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, July 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, July 27th. This represents a $0.64 annualized dividend and a yield of 1.47%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 29.36%.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $44.42, for a total transaction of $222,100.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Aperio Group LLC grew its stake in shares of LegacyTexas Financial Group by 19.7% in the second quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 1,211 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in LegacyTexas Financial Group by 19.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,024 shares of the financial services provider’s stock worth $339,000 after buying an additional 1,326 shares in the last quarter. Teachers Advisors LLC boosted its stake in LegacyTexas Financial Group by 0.9% during the fourth quarter. Teachers Advisors LLC now owns 152,669 shares of the financial services provider’s stock worth $6,444,000 after buying an additional 1,375 shares in the last quarter. Natixis Advisors L.P. boosted its stake in LegacyTexas Financial Group by 2.8% during the first quarter. Natixis Advisors L.P. now owns 49,842 shares of the financial services provider’s stock worth $2,134,000 after buying an additional 1,376 shares in the last quarter. Finally, Creative Planning boosted its stake in LegacyTexas Financial Group by 15.6% during the second quarter. Creative Planning now owns 10,366 shares of the financial services provider’s stock worth $404,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

LegacyTexas Financial Group Company Profile

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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Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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