Nisa Investment Advisors LLC maintained its position in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in LegacyTexas Financial Group were worth $176,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Elkfork Partners LLC increased its position in shares of LegacyTexas Financial Group by 18.2% in the first quarter. Elkfork Partners LLC now owns 2,548 shares of the financial services provider’s stock worth $102,000 after buying an additional 392 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of LegacyTexas Financial Group by 15.5% in the first quarter. Victory Capital Management Inc. now owns 3,025 shares of the financial services provider’s stock worth $121,000 after buying an additional 406 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of LegacyTexas Financial Group by 18.2% in the first quarter. Meadow Creek Investment Management LLC now owns 3,094 shares of the financial services provider’s stock worth $123,000 after buying an additional 476 shares during the last quarter. WFG Advisors LP increased its position in shares of LegacyTexas Financial Group by 0.4% in the first quarter. WFG Advisors LP now owns 3,156 shares of the financial services provider’s stock worth $126,000 after buying an additional 12 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of LegacyTexas Financial Group by 12.7% in the first quarter. Bank of Montreal Can now owns 3,396 shares of the financial services provider’s stock worth $136,000 after buying an additional 382 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

LegacyTexas Financial Group, Inc. (NASDAQ LTXB) traded up 0.175% during trading on Wednesday, hitting $37.155. 45,222 shares of the stock were exchanged. The stock’s 50 day moving average is $38.24 and its 200-day moving average is $38.80. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.701 and a beta of 1.14. LegacyTexas Financial Group, Inc. has a one year low of $29.00 and a one year high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $88.05 million for the quarter, compared to analysts’ expectations of $87.93 million. During the same period in the previous year, the business earned $0.50 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that LegacyTexas Financial Group, Inc. will post $2.20 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, July 27th. LegacyTexas Financial Group’s dividend payout ratio is currently 28.71%.

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A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Stephens reaffirmed a “hold” rating and set a $42.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. BidaskClub cut shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. 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. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.20.

In related news, Director Anthony J. Levecchio sold 12,000 shares of LegacyTexas Financial Group stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the director now directly owns 56,730 shares in the company, valued at $2,269,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 13,321 shares of company stock worth $528,758. Company insiders own 3.30% of the company’s stock.

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.

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

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