Hodges Capital Management Inc. decreased its position in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 26.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,780 shares of the financial services provider’s stock after selling 140,911 shares during the period. LegacyTexas Financial Group comprises approximately 1.5% of Hodges Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. Hodges Capital Management Inc. owned 0.81% of LegacyTexas Financial Group worth $14,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Pearl River Capital LLC purchased a new stake in shares of LegacyTexas Financial Group during the fourth quarter worth $25,000. Sun Life Financial INC purchased a new stake in shares of LegacyTexas Financial Group during the fourth quarter worth $81,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of LegacyTexas Financial Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,227 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 577 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of LegacyTexas Financial Group in the third quarter worth $145,000. Finally, Csenge Advisory Group bought a new position in shares of LegacyTexas Financial Group in the third quarter worth $189,000. Institutional investors and hedge funds own 86.04% of the company’s stock.

In other news, EVP Charles D. Eikenberg sold 15,000 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $43.51, for a total transaction of $652,650.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Brian Mccall sold 28,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $40.72, for a total value of $1,140,160.00. The disclosure for this sale can be found here. In the last three months, insiders sold 53,490 shares of company stock worth $2,196,530. 3.20% of the stock is owned by insiders.

LTXB has been the topic of several research analyst reports. Raymond James cut shares of LegacyTexas Financial Group from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Friday, December 28th. ValuEngine cut shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Finally, Stephens reaffirmed a “buy” rating and issued a $39.00 price target on shares of LegacyTexas Financial Group in a report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.90.

LTXB traded down $0.75 during trading on Monday, reaching $39.34. The stock had a trading volume of 124,858 shares, compared to its average volume of 295,647. The stock has a market cap of $1.91 billion, a PE ratio of 13.57, a P/E/G ratio of 1.20 and a beta of 1.55. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.88. LegacyTexas Financial Group Inc has a one year low of $30.18 and a one year high of $47.18.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, January 22nd. The financial services provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. The business had revenue of $96.56 million for the quarter, compared to analysts’ expectations of $96.43 million. LegacyTexas Financial Group had a return on equity of 13.45% and a net margin of 33.18%. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that LegacyTexas Financial Group Inc will post 3.29 earnings per share for the current year.

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LegacyTexas Financial Group Company Profile

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.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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