Credit Suisse AG lowered its stake in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 30.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,045 shares of the financial services provider’s stock after selling 19,136 shares during the period. Credit Suisse AG’s holdings in LegacyTexas Financial Group were worth $1,757,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in LegacyTexas Financial Group by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 594,836 shares of the financial services provider’s stock valued at $23,734,000 after buying an additional 22,581 shares during the period. Elkfork Partners LLC increased its position in LegacyTexas Financial Group by 18.2% in the first quarter. Elkfork Partners LLC now owns 2,548 shares of the financial services provider’s stock valued at $102,000 after buying an additional 392 shares during the period. US Bancorp DE increased its position in LegacyTexas Financial Group by 2,002.3% in the first quarter. US Bancorp DE now owns 6,454 shares of the financial services provider’s stock valued at $258,000 after buying an additional 6,147 shares during the period. Advisors Asset Management Inc. increased its position in LegacyTexas Financial Group by 239.2% in the first quarter. Advisors Asset Management Inc. now owns 11,747 shares of the financial services provider’s stock valued at $469,000 after buying an additional 8,284 shares during the period. Finally, First Trust Advisors LP increased its position in LegacyTexas Financial Group by 9.0% in the first quarter. First Trust Advisors LP now owns 148,011 shares of the financial services provider’s stock valued at $5,906,000 after buying an additional 12,195 shares during the period. 82.06% of the stock is owned by institutional investors and hedge funds.

Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) traded down 1.38% during mid-day trading on Friday, hitting $36.34. The company’s stock had a trading volume of 147,954 shares. LegacyTexas Financial Group, Inc. has a 12-month low of $29.00 and a 12-month high of $44.94. The stock has a 50-day moving average of $38.18 and a 200-day moving average of $38.92. The company has a market cap of $1.69 billion, a PE ratio of 17.31 and a beta of 1.14.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The company had revenue of $88.05 million for the quarter, compared to the consensus estimate of $87.93 million. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. LegacyTexas Financial Group’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. On average, equities research analysts forecast that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. LegacyTexas Financial Group’s payout ratio is 28.71%.

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Several brokerages recently weighed in on LTXB. BidaskClub upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Stephens downgraded shares of LegacyTexas Financial Group from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a report on Wednesday, April 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of LegacyTexas Financial Group in a report on Wednesday, April 19th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $42.00 price target (down previously from $47.00) on shares of LegacyTexas Financial Group in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.20.

In other news, Director Anthony J. Levecchio sold 12,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the sale, the director now directly owns 56,730 shares in the company, valued at $2,269,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 13,321 shares of company stock worth $528,758. 3.30% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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