LegacyTexas Financial Group, Inc. (LTXB) Director Arcilia Acosta Acquires 3,590 Shares of Stock
LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Director Arcilia Acosta purchased 3,590 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average cost of $36.02 per share, with a total value of $129,311.80. Following the completion of the acquisition, the director now directly owns 26,008 shares of the company’s stock, valued at $936,808.16. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of LegacyTexas Financial Group, Inc. (LTXB) traded up 1.33% on Friday, hitting $36.47. 171,024 shares of the stock were exchanged. The firm’s 50-day moving average is $37.60 and its 200-day moving average is $38.42. The company has a market cap of $1.70 billion, a P/E ratio of 17.37 and a beta of 1.14. LegacyTexas Financial Group, Inc. has a one year low of $30.10 and a one year high of $44.94.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. The business had revenue of $88.05 million for the quarter, compared to analyst estimates of $87.93 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.65%. LegacyTexas Financial Group’s dividend payout ratio is currently 28.71%.
Large investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new stake in LegacyTexas Financial Group during the second quarter worth about $9,212,000. WFG Advisors LP increased its position in shares of LegacyTexas Financial Group by 0.4% in the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after buying an additional 13 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of LegacyTexas Financial Group during the second quarter worth approximately $344,000. Westwood Holdings Group Inc. increased its position in shares of LegacyTexas Financial Group by 46.3% in the second quarter. Westwood Holdings Group Inc. now owns 528,607 shares of the financial services provider’s stock worth $20,156,000 after buying an additional 167,230 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of LegacyTexas Financial Group by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock worth $158,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.
A number of brokerages have issued reports on LTXB. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research cut shares of 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 report on Wednesday, July 19th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. LegacyTexas Financial Group has an average rating of “Hold” and an average target price of $45.10.
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.
Receive News & Ratings for LegacyTexas Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.