LegacyTexas Financial Group Inc. (NASDAQ:LTXB) has earned a consensus recommendation of “Buy” from the nine analysts that are covering the company. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.86.

A number of equities analysts have issued reports on the company. Raymond James Financial Inc. downgraded LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $32.00 to $31.00 in a research note on Thursday, July 21st. They noted that the move was a valuation call. Hovde Group lifted their price target on LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, July 21st. Compass Point lifted their price target on LegacyTexas Financial Group from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Zacks Investment Research upgraded LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, July 6th.

Shares of LegacyTexas Financial Group (NASDAQ:LTXB) traded up 1.22% during trading on Wednesday, hitting $31.49. The stock had a trading volume of 58,453 shares. LegacyTexas Financial Group has a 52 week low of $16.79 and a 52 week high of $32.50. The company’s 50 day moving average price is $30.16 and its 200 day moving average price is $25.79. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.42 and a beta of 1.09.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. LegacyTexas Financial Group had a return on equity of 9.45% and a net margin of 23.58%. Analysts predict that LegacyTexas Financial Group will post $2.00 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in LegacyTexas Financial Group by 39.1% in the first quarter. Prudential Financial Inc. now owns 141,992 shares of the financial services provider’s stock worth $2,790,000 after buying an additional 39,900 shares during the period. Teachers Advisors Inc. boosted its stake in LegacyTexas Financial Group by 3.9% in the first quarter. Teachers Advisors Inc. now owns 70,574 shares of the financial services provider’s stock worth $1,387,000 after buying an additional 2,661 shares during the period. Royal Bank of Canada boosted its stake in LegacyTexas Financial Group by 37.6% in the first quarter. Royal Bank of Canada now owns 50,884 shares of the financial services provider’s stock worth $1,000,000 after buying an additional 13,892 shares during the period. TIAA CREF Investment Management LLC boosted its stake in LegacyTexas Financial Group by 17.8% in the first quarter. TIAA CREF Investment Management LLC now owns 222,949 shares of the financial services provider’s stock worth $4,381,000 after buying an additional 33,730 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in LegacyTexas Financial Group by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 41,171 shares of the financial services provider’s stock worth $809,000 after buying an additional 709 shares during the period. 74.61% of the stock is currently owned by institutional investors.

About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank is its wholly owned principal operating subsidiary. The Company is engaged in attracting retail deposits from the general public and the business community and investing those funds, along with borrowed funds, in commercial real estate loans, secured and unsecured commercial and industrial loans, as well as permanent loans secured by first and second mortgages on one- to four-family residences and consumer loans.

5 Day Chart for NASDAQ:LTXB

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