Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $44.30.

LTXB has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. ValuEngine downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $44.00 price objective on shares of LegacyTexas Financial Group in a research report on Wednesday. Finally, Stephens reaffirmed a “hold” rating and set a $42.00 price objective on shares of LegacyTexas Financial Group in a research report on Wednesday, July 19th.

Shares of LegacyTexas Financial Group (NASDAQ:LTXB) traded up 0.36% on Friday, reaching $39.41. 220,018 shares of the company’s stock were exchanged. The stock has a market cap of $1.83 billion, a P/E ratio of 18.78 and a beta of 1.17. LegacyTexas Financial Group has a 52-week low of $31.14 and a 52-week high of $44.94. The company’s 50 day moving average price is $37.32 and its 200-day moving average price is $37.62.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $88.05 million during the quarter, compared to the consensus estimate of $87.93 million. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. Equities analysts forecast that LegacyTexas Financial Group will post $2.20 EPS for the current fiscal year.

In other LegacyTexas Financial Group news, Director Arcilia Acosta purchased 3,590 shares of LegacyTexas Financial Group stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average price of $36.02 per share, with a total value of $129,311.80. Following the transaction, the director now owns 26,008 shares in the company, valued at approximately $936,808.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in LegacyTexas Financial Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 5,253,280 shares of the financial services provider’s stock valued at $200,307,000 after purchasing an additional 60,572 shares during the period. Vanguard Group Inc. grew its position in LegacyTexas Financial Group by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 4,003,577 shares of the financial services provider’s stock valued at $159,743,000 after purchasing an additional 294,036 shares during the period. Dimensional Fund Advisors LP grew its position in LegacyTexas Financial Group by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,274,154 shares of the financial services provider’s stock valued at $86,715,000 after purchasing an additional 89,322 shares during the period. State Street Corp grew its position in LegacyTexas Financial Group by 6.5% in the 2nd quarter. State Street Corp now owns 1,551,238 shares of the financial services provider’s stock valued at $59,150,000 after purchasing an additional 94,017 shares during the period. Finally, Northern Trust Corp grew its position in LegacyTexas Financial Group by 6.4% in the 2nd quarter. Northern Trust Corp now owns 942,251 shares of the financial services provider’s stock valued at $35,927,000 after purchasing an additional 56,960 shares during the period. 82.25% of the stock is owned by institutional investors and hedge funds.

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About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and 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.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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