Oppenheimer & Co. Inc. cut its position in LegacyTexas Financial Group Inc. (NASDAQ:LTXB) by 62.1% during the second quarter, Holdings Channel reports. The firm owned 13,500 shares of the financial services provider’s stock after selling 22,161 shares during the period. Oppenheimer & Co. Inc.’s holdings in LegacyTexas Financial Group were worth $363,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Societe Generale purchased a new position in LegacyTexas Financial Group during the second quarter worth about $124,000. SG Americas Securities LLC purchased a new position in LegacyTexas Financial Group during the second quarter worth about $124,000. Squarepoint Ops LLC purchased a new position in LegacyTexas Financial Group during the first quarter worth about $204,000. Legal & General Group Plc increased its position in LegacyTexas Financial Group by 12.4% in the first quarter. Legal & General Group Plc now owns 10,978 shares of the financial services provider’s stock worth $213,000 after buying an additional 1,209 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in LegacyTexas Financial Group during the first quarter worth about $218,000. Institutional investors and hedge funds own 74.61% of the company’s stock.

Shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) traded down 0.16% on Tuesday, reaching $31.23. The company’s stock had a trading volume of 82,661 shares. LegacyTexas Financial Group Inc. has a 12-month low of $16.79 and a 12-month high of $32.50. The firm has a 50 day moving average price of $30.08 and a 200-day moving average price of $25.71. The stock has a market cap of $1.44 billion, a PE ratio of 18.26 and a beta of 1.09.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.06. LegacyTexas Financial Group had a return on equity of 9.45% and a net margin of 23.58%. Equities research analysts expect that LegacyTexas Financial Group Inc. will post $2.00 EPS for the current year.

Several equities analysts have recently weighed in on LTXB shares. Raymond James Financial Inc. downgraded LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $32.00 to $31.00 in a report on Thursday, July 21st. They noted that the move was a valuation call. Hovde Group increased their price objective on LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, July 21st. Compass Point increased their price objective on LegacyTexas Financial Group from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.86.

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.

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