New York State Teachers Retirement System decreased its holdings in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 22.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,224 shares of the financial services provider’s stock after selling 5,600 shares during the quarter. New York State Teachers Retirement System’s holdings in LegacyTexas Financial Group were worth $767,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. WFG Advisors LP boosted its holdings in shares of LegacyTexas Financial Group by 0.4% during the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 13 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of LegacyTexas Financial Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,431 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 29 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of LegacyTexas Financial Group by 0.7% during the second quarter. Pinebridge Investments L.P. now owns 28,134 shares of the financial services provider’s stock worth $1,072,000 after purchasing an additional 185 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of LegacyTexas Financial Group by 1.7% during the second quarter. Advisors Asset Management Inc. now owns 11,941 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 194 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of LegacyTexas Financial Group by 1.0% during the second quarter. Texas Permanent School Fund now owns 30,451 shares of the financial services provider’s stock worth $1,161,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 81.62% of the company’s stock.

Several brokerages recently weighed in on LTXB. BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. SunTrust Banks, Inc. increased their target price on LegacyTexas Financial Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. ValuEngine lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research report on Friday, August 25th. Finally, Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.42.

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In other LegacyTexas Financial Group news, Director George A. Fisk sold 22,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $41.00, for a total value of $922,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arcilia Acosta acquired 3,590 shares of the business’s stock in a transaction on Monday, August 28th. The stock was bought at an average cost of $36.02 per share, for a total transaction of $129,311.80. Following the completion of the transaction, the director now directly owns 26,008 shares of the company’s stock, valued at $936,808.16. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at $37.75 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $1,767.87, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.40 and a beta of 1.23. LegacyTexas Financial Group, Inc. has a 52-week low of $31.50 and a 52-week high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The business had revenue of $91.10 million for the quarter, compared to analyst estimates of $91.51 million. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. analysts predict that LegacyTexas Financial Group, Inc. will post 2.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a $0.16 dividend. The ex-dividend date is Friday, November 3rd. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.70%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 30.19%.

About LegacyTexas Financial Group

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.

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

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