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

Several other analysts have also commented on the company. 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 report on Thursday, October 18th. Stephens reaffirmed a buy rating and issued a $48.00 price objective on shares of LegacyTexas Financial Group in a report on Wednesday, October 17th. ValuEngine lowered LegacyTexas Financial Group from a buy rating to a hold rating in a report on Thursday, September 13th. Zacks Investment Research raised LegacyTexas Financial Group from a sell rating to a hold rating in a report on Saturday, July 21st. Finally, Hovde Group reissued a hold rating and set a $46.00 price target on shares of LegacyTexas Financial Group in a report on Friday, July 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $48.69.

Shares of LTXB traded up $0.50 during trading hours on Tuesday, hitting $39.50. The stock had a trading volume of 6,513 shares, compared to its average volume of 349,178. 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 12 month low of $35.16 and a 12 month high of $47.18. The firm has a market capitalization of $1.85 billion, a P/E ratio of 18.07, a PEG ratio of 1.35 and a beta of 1.42.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. The company had revenue of $98.89 million during the quarter, compared to analyst estimates of $97.73 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Analysts expect that LegacyTexas Financial Group will post 2.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, October 26th. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. LegacyTexas Financial Group’s payout ratio is currently 40.37%.

Large investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its holdings in LegacyTexas Financial Group by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 233,708 shares of the financial services provider’s stock valued at $9,120,000 after purchasing an additional 11,767 shares during the period. SG Americas Securities LLC boosted its stake in shares of LegacyTexas Financial Group by 428.2% in the second quarter. SG Americas Securities LLC now owns 31,014 shares of the financial services provider’s stock worth $1,210,000 after acquiring an additional 25,142 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of LegacyTexas Financial Group by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,414,324 shares of the financial services provider’s stock worth $94,208,000 after acquiring an additional 54,960 shares during the period. Bank of America Corp DE boosted its stake in shares of LegacyTexas Financial Group by 11.8% in the second quarter. Bank of America Corp DE now owns 463,374 shares of the financial services provider’s stock worth $18,081,000 after acquiring an additional 48,757 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of LegacyTexas Financial Group by 214.3% in the second quarter. Advisors Asset Management Inc. now owns 31,464 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 21,452 shares during the period. 85.89% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: What does RSI mean?

Analyst Recommendations for LegacyTexas Financial Group (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.