LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) released its earnings results on Tuesday. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03, Morningstar.com reports. LegacyTexas Financial Group had a net margin of 24.87% and a return on equity of 10.65%. The company had revenue of $88.05 million for the quarter, compared to the consensus estimate of $87.93 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 6.0% compared to the same quarter last year.

Shares of LegacyTexas Financial Group (LTXB) opened at 37.33 on Wednesday. LegacyTexas Financial Group has a 12 month low of $27.86 and a 12 month high of $44.94. The firm has a market capitalization of $1.74 billion, a P/E ratio of 18.78 and a beta of 1.15. The company has a 50 day moving average of $37.50 and a 200-day moving average of $39.29.

In related news, Director Anthony J. Levecchio sold 12,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the director now owns 56,730 shares of the company’s stock, valued at approximately $2,269,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott A. Almy sold 3,000 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $36.78, for a total value of $110,340.00. Following the sale, the chief operating officer now directly owns 46,912 shares in the company, valued at approximately $1,725,423.36. The disclosure for this sale can be found here. Insiders have sold a total of 16,321 shares of company stock worth $639,098 in the last ninety days. Insiders own 3.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Elkfork Partners LLC boosted its stake 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 period. Victory Capital Management Inc. boosted its stake 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 period. Meadow Creek Investment Management LLC boosted its stake 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 period. WFG Advisors LP boosted its stake 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 period. Finally, Bank of Montreal Can boosted its stake 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 period. 81.08% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have issued reports on LTXB. 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. BidaskClub upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Stephens downgraded shares of 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. Piper Jaffray Companies restated 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, Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.13.

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.

Earnings History for LegacyTexas Financial Group (NASDAQ:LTXB)

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