Hovde Group reiterated their hold rating on shares of LegacyTexas Financial Group (NASDAQ:LTXB) in a research note published on Friday, July 20th. They currently have a $46.00 target price on the financial services provider’s stock.
Several other brokerages have also recently issued reports on LTXB. Stephens upgraded shares of LegacyTexas Financial Group from an equal weight rating to an overweight rating and boosted their price target for the company from $41.00 to $48.00 in a research report on Thursday, July 19th. ValuEngine cut shares of LegacyTexas Financial Group from a buy rating to a hold rating in a research report on Wednesday, April 18th. Keefe, Bruyette & Woods cut shares of LegacyTexas Financial Group from an outperform rating to a market perform rating in a report on Wednesday, April 18th. BidaskClub cut shares of LegacyTexas Financial Group from a buy rating to a hold rating in a report on Saturday, May 26th. Finally, Piper Jaffray Companies restated a buy rating and issued a $49.50 price objective on shares of LegacyTexas Financial Group in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $48.93.
Shares of LegacyTexas Financial Group traded up $0.05, reaching $43.48, during mid-day trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 93,874 shares, compared to its average volume of 382,099. LegacyTexas Financial Group has a 52-week low of $34.58 and a 52-week high of $46.45. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.57 and a beta of 1.43.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). LegacyTexas Financial Group had a net margin of 22.39% and a return on equity of 11.24%. The company had revenue of $94.78 million for the quarter, compared to analysts’ expectations of $94.05 million. During the same quarter in the prior year, the firm earned $0.60 EPS. LegacyTexas Financial Group’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts predict that LegacyTexas Financial Group will post 2.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, July 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, July 27th. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 29.36%.
In other news, Director George A. Fisk sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $44.42, for a total value of $222,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of LegacyTexas Financial Group in the fourth quarter worth approximately $205,000. Xact Kapitalforvaltning AB bought a new position in shares of LegacyTexas Financial Group in the fourth quarter worth approximately $208,000. WINTON GROUP Ltd bought a new position in shares of LegacyTexas Financial Group in the first quarter worth approximately $234,000. Aperio Group LLC lifted 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 buying an additional 1,211 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of LegacyTexas Financial Group by 39.7% in the first quarter. Victory Capital Management Inc. now owns 7,251 shares of the financial services provider’s stock worth $310,000 after buying an additional 2,061 shares in the last quarter. Hedge funds and other institutional investors 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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