LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) has received an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $39.67.

A number of equities analysts have recently weighed in on LTXB shares. Stephens lowered LegacyTexas Financial Group from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research report on Wednesday, April 19th. BidaskClub raised LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, April 19th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $42.00 target price (down from $47.00) on shares of LegacyTexas Financial Group in a research report on Saturday, April 22nd. Finally, Zacks Investment Research lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th.

ILLEGAL ACTIVITY WARNING: “LegacyTexas Financial Group, Inc. (LTXB) Receives Consensus Rating of “Hold” from Analysts” was first published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/17/legacytexas-financial-group-inc-ltxb-receives-consensus-rating-of-hold-from-analysts.html.

LegacyTexas Financial Group (NASDAQ LTXB) traded up 0.34% during mid-day trading on Monday, reaching $37.87. 190,843 shares of the company’s stock traded hands. LegacyTexas Financial Group has a 1-year low of $27.86 and a 1-year high of $44.94. The firm has a 50-day moving average price of $36.79 and a 200-day moving average price of $39.73. The stock has a market cap of $1.76 billion, a P/E ratio of 19.05 and a beta of 1.15.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its earnings results on Tuesday, April 18th. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.21. LegacyTexas Financial Group had a return on equity of 10.65% and a net margin of 24.87%. The firm had revenue of $88.68 million for the quarter, compared to analyst estimates of $88.75 million. During the same period in the previous year, the company earned $0.43 earnings per share. Equities research analysts anticipate that LegacyTexas Financial Group will post $2.14 EPS for the current fiscal year.

In related news, COO Scott A. Almy sold 3,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $36.78, for a total value of $110,340.00. Following the completion of the sale, the chief operating officer now directly owns 46,912 shares of the company’s stock, valued at approximately $1,725,423.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony J. Levecchio sold 12,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the director now directly owns 56,730 shares of the company’s stock, valued at $2,269,200. The disclosure for this sale can be found here. Insiders sold a total of 15,669 shares of company stock valued at $614,243 over the last three months. 3.30% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC raised its stake in 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. raised its stake in 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 raised its stake in 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 raised its stake in 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 raised its stake in 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. 81.08% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

Receive News & Ratings for LegacyTexas Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.