Broadview Advisors LLC Has $15.09 Million Stake in LegacyTexas Financial Group, Inc. (LTXB)
Broadview Advisors LLC lifted its holdings in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,630 shares of the financial services provider’s stock after acquiring an additional 3,250 shares during the quarter. LegacyTexas Financial Group makes up approximately 2.2% of Broadview Advisors LLC’s holdings, making the stock its 10th largest holding. Broadview Advisors LLC owned about 0.82% of LegacyTexas Financial Group worth $15,085,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its position in LegacyTexas Financial Group by 67.7% in the 1st quarter. AQR Capital Management LLC now owns 109,373 shares of the financial services provider’s stock valued at $4,364,000 after purchasing an additional 44,149 shares during the last quarter. Stieven Capital Advisors L.P. bought a new stake in shares of LegacyTexas Financial Group during the second quarter worth $7,229,000. TIAA CREF Investment Management LLC increased its stake in shares of LegacyTexas Financial Group by 5.7% in the second quarter. TIAA CREF Investment Management LLC now owns 363,128 shares of the financial services provider’s stock valued at $13,846,000 after buying an additional 19,695 shares in the last quarter. Bank of America Corp DE increased its stake in shares of LegacyTexas Financial Group by 75.1% in the first quarter. Bank of America Corp DE now owns 242,652 shares of the financial services provider’s stock valued at $9,681,000 after buying an additional 104,050 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of LegacyTexas Financial Group by 436.1% in the second quarter. Russell Investments Group Ltd. now owns 68,890 shares of the financial services provider’s stock valued at $2,626,000 after buying an additional 56,040 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors and hedge funds.
In other LegacyTexas Financial Group news, Director Arcilia Acosta acquired 3,590 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average price of $36.02 per share, for a total transaction of $129,311.80. Following the acquisition, the director now directly owns 26,008 shares in the company, valued at $936,808.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.
A number of research analysts recently issued reports on LTXB shares. Zacks Investment Research cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Stephens reaffirmed a “hold” rating and issued a $42.00 target price on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. ValuEngine downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Piper Jaffray Companies reiterated a “buy” rating and set a $46.50 target price on shares of LegacyTexas Financial Group in a research report on Friday, August 25th. Finally, BidaskClub lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. LegacyTexas Financial Group presently has a consensus rating of “Hold” and a consensus target price of $45.10.
Shares of LegacyTexas Financial Group, Inc. (NASDAQ LTXB) traded down 1.50% on Tuesday, hitting $39.40. 51,479 shares of the stock traded hands. The stock has a 50 day moving average of $37.12 and a 200-day moving average of $37.61. The stock has a market cap of $1.83 billion, a PE ratio of 18.77 and a beta of 1.17. LegacyTexas Financial Group, Inc. has a 1-year low of $31.14 and a 1-year high of $44.94.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $88.05 million for the quarter, compared to analyst estimates of $87.93 million. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.50 earnings per share. On average, equities research analysts expect that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current year.
LegacyTexas Financial Group Company Profile
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.
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