LegacyTexas Financial Group Inc (LTXB) Shares Bought by Port Capital LLC
Port Capital LLC increased its position in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 450,573 shares of the financial services provider’s stock after acquiring an additional 9,535 shares during the period. LegacyTexas Financial Group makes up about 2.3% of Port Capital LLC’s investment portfolio, making the stock its 12th largest position. Port Capital LLC’s holdings in LegacyTexas Financial Group were worth $19,194,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP raised its position in shares of LegacyTexas Financial Group by 64.2% during the third quarter. Quantbot Technologies LP now owns 3,769 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,474 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of LegacyTexas Financial Group during the third quarter worth $210,000. Capital Fund Management S.A. acquired a new stake in shares of LegacyTexas Financial Group during the second quarter worth $230,000. Aperio Group LLC raised its position in shares of LegacyTexas Financial Group by 19.7% during the second quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 1,211 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of LegacyTexas Financial Group during the second quarter worth $344,000. Institutional investors and hedge funds own 87.02% of the company’s stock.
A number of equities research analysts have recently issued reports on LTXB shares. BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. ValuEngine raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Stephens reaffirmed a “buy” rating and set a $48.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, October 17th. Finally, Raymond James cut their target price on LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. LegacyTexas Financial Group has a consensus rating of “Hold” and an average target price of $48.93.
Shares of LegacyTexas Financial Group stock traded down $0.88 on Thursday, reaching $35.23. 2,884 shares of the company were exchanged, compared to its average volume of 216,895. The firm has a market capitalization of $1.75 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.03. LegacyTexas Financial Group Inc has a fifty-two week low of $35.16 and a fifty-two week high of $47.18.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. The firm had revenue of $98.89 million for the quarter, compared to analyst estimates of $97.73 million. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. During the same period in the previous year, the firm earned $0.61 earnings per share. Analysts expect that LegacyTexas Financial Group Inc will post 2.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.50%. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, October 26th. LegacyTexas Financial Group’s payout ratio is presently 40.37%.
About LegacyTexas Financial Group
LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.
Recommended Story: Cost of Capital
Want to see what other hedge funds are holding LTXB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LegacyTexas Financial Group Inc (NASDAQ:LTXB).
Receive News & Ratings for LegacyTexas Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.