BidaskClub downgraded shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a hold rating to a sell rating in a report released on Friday.

Several other research firms have also recently issued reports on LTXB. ValuEngine upgraded LegacyTexas Financial Group from a hold rating to a buy rating in a research report on Wednesday, August 22nd. Stephens reiterated a buy rating and issued a $48.00 price objective on shares of LegacyTexas Financial Group in a research report on Wednesday, October 17th. Finally, Raymond James cut their price objective on LegacyTexas Financial Group from $48.00 to $47.00 and set an outperform rating for the company in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $48.93.

NASDAQ:LTXB opened at $35.42 on Friday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.15 and a quick ratio of 1.15. LegacyTexas Financial Group has a 1 year low of $34.68 and a 1 year high of $47.18.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The firm had revenue of $98.89 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that LegacyTexas Financial Group will post 2.83 EPS for the current year.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $39.00, for a total value of $156,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of LTXB. Principal Financial Group Inc. grew its holdings in LegacyTexas Financial Group by 2.6% in the first quarter. Principal Financial Group Inc. now owns 331,557 shares of the financial services provider’s stock valued at $14,197,000 after purchasing an additional 8,317 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in LegacyTexas Financial Group in the second quarter valued at $14,888,000. Aperio Group LLC grew its holdings in LegacyTexas Financial Group by 19.7% in the second quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 1,211 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in LegacyTexas Financial Group in the second quarter valued at $344,000. Finally, Alps Advisors Inc. acquired a new stake in LegacyTexas Financial Group in the second quarter valued at $529,000. 87.02% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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