ValuEngine upgraded shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a sell rating to a hold rating in a report issued on Friday morning, ValuEngine reports.

LTXB has been the topic of several other research reports. BidaskClub lowered LegacyTexas Financial Group from a strong-buy rating to a buy rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded LegacyTexas Financial Group from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Saturday, March 30th. Finally, Stephens lowered LegacyTexas Financial Group from an overweight rating to an equal weight rating and set a $45.00 price target on the stock. in a report on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $45.90.

NASDAQ LTXB opened at $40.19 on Friday. LegacyTexas Financial Group has a 52 week low of $30.18 and a 52 week high of $47.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $1.96 billion, a PE ratio of 13.86, a P/E/G ratio of 1.22 and a beta of 1.55.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.83 by $0.06. LegacyTexas Financial Group had a return on equity of 13.45% and a net margin of 33.18%. The business had revenue of $96.56 million for the quarter, compared to analyst estimates of $96.43 million. During the same quarter in the previous year, the firm earned $0.60 EPS. Sell-side analysts expect that LegacyTexas Financial Group will post 3.29 earnings per share for the current fiscal year.

In related news, EVP Charles D. Eikenberg sold 5,000 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $40.22, for a total value of $201,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charles D. Eikenberg sold 1,537 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $36.46, for a total transaction of $56,039.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,490 shares of company stock worth $2,196,530. 2.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in LegacyTexas Financial Group in the 1st quarter valued at about $217,000. American Century Companies Inc. raised its holdings in LegacyTexas Financial Group by 19.1% in the 4th quarter. American Century Companies Inc. now owns 855,343 shares of the financial services provider’s stock valued at $27,448,000 after buying an additional 137,426 shares during the period. Geode Capital Management LLC raised its holdings in LegacyTexas Financial Group by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 533,753 shares of the financial services provider’s stock valued at $17,128,000 after buying an additional 25,034 shares during the period. Norges Bank purchased a new stake in LegacyTexas Financial Group in the 4th quarter valued at about $13,279,000. Finally, Amalgamated Bank raised its holdings in LegacyTexas Financial Group by 30.8% in the 4th quarter. Amalgamated Bank now owns 7,062 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,663 shares during the period. Hedge funds and other institutional investors own 86.04% of the company’s stock.

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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