Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.25.

LTXB has been the topic of several analyst reports. Keefe, Bruyette & Woods raised shares of LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $45.00 to $43.00 in a research note on Thursday, April 20th. Zacks Investment Research cut shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $42.00 price target (down from $47.00) on shares of LegacyTexas Financial Group in a research note on Saturday, April 22nd. Stephens cut 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 research note on Wednesday, April 19th. Finally, BidaskClub cut shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th.

In related news, Director Anthony J. Levecchio sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were 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 of the company’s stock, valued at $2,269,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 13,321 shares of company stock worth $528,758 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in LegacyTexas Financial Group by 40.6% in the second quarter. Nordea Investment Management AB now owns 52,430 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 15,147 shares in the last quarter. M&T Bank Corp boosted its stake in LegacyTexas Financial Group by 12.8% in the second quarter. M&T Bank Corp now owns 14,125 shares of the financial services provider’s stock valued at $539,000 after buying an additional 1,605 shares in the last quarter. Northern Trust Corp boosted its stake in LegacyTexas Financial Group by 6.4% in the second quarter. Northern Trust Corp now owns 942,251 shares of the financial services provider’s stock valued at $35,927,000 after buying an additional 56,960 shares in the last quarter. Citigroup Inc. boosted its stake in LegacyTexas Financial Group by 26.1% in the second quarter. Citigroup Inc. now owns 48,794 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 10,094 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in LegacyTexas Financial Group by 0.7% in the second quarter. Pinebridge Investments L.P. now owns 28,134 shares of the financial services provider’s stock valued at $1,072,000 after buying an additional 185 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.

LegacyTexas Financial Group (LTXB) traded down 1.38% on Friday, hitting $36.34. 147,954 shares of the company’s stock traded hands. The stock has a 50-day moving average of $38.18 and a 200-day moving average of $38.95. LegacyTexas Financial Group has a one year low of $29.00 and a one year high of $44.94. The stock 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 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $88.05 million during the quarter, compared to the consensus estimate of $87.93 million. During the same period last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that LegacyTexas Financial Group will post $2.20 earnings per share for the current fiscal year.

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

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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.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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