LegacyTexas Financial Group, Inc. (NASDAQ:LTXB)‘s stock had its “buy” rating restated by equities researchers at SunTrust Banks, Inc. in a research report issued on Wednesday. They currently have a $44.00 target price on the financial services provider’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 12.04% from the stock’s previous close.

Several other analysts also recently issued reports on LTXB. BidaskClub downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. Stephens reissued a “hold” rating and issued a $42.00 price objective on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.92.

LegacyTexas Financial Group (NASDAQ:LTXB) traded down 1.31% during midday trading on Wednesday, hitting $39.27. The stock had a trading volume of 142,162 shares. The company has a market capitalization of $1.83 billion, a PE ratio of 18.71 and a beta of 1.17. The stock’s 50-day moving average is $37.18 and its 200-day moving average is $37.59. LegacyTexas Financial Group has a 1-year low of $31.14 and a 1-year high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The business had revenue of $88.05 million during the quarter, compared to the consensus estimate of $87.93 million. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Equities research analysts forecast that LegacyTexas Financial Group will post $2.20 EPS for the current year.

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In related news, Director Arcilia Acosta bought 3,590 shares of LegacyTexas Financial Group stock in a transaction dated Monday, August 28th. The shares were acquired at an average cost of $36.02 per share, with a total value of $129,311.80. Following the completion of the transaction, the director now owns 26,008 shares in the company, valued at approximately $936,808.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of LegacyTexas Financial Group by 67.7% during the first quarter. AQR Capital Management LLC now owns 109,373 shares of the financial services provider’s stock worth $4,364,000 after acquiring an additional 44,149 shares during the period. Stieven Capital Advisors L.P. purchased a new position in shares of LegacyTexas Financial Group during the second quarter worth approximately $7,229,000. TIAA CREF Investment Management LLC increased its position in shares of LegacyTexas Financial Group by 5.7% during the second quarter. TIAA CREF Investment Management LLC now owns 363,128 shares of the financial services provider’s stock worth $13,846,000 after acquiring an additional 19,695 shares during the period. Bank of America Corp DE increased its position in shares of LegacyTexas Financial Group by 75.1% during the first quarter. Bank of America Corp DE now owns 242,652 shares of the financial services provider’s stock worth $9,681,000 after acquiring an additional 104,050 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of LegacyTexas Financial Group by 436.1% during the second quarter. Russell Investments Group Ltd. now owns 68,890 shares of the financial services provider’s stock worth $2,626,000 after acquiring an additional 56,040 shares during the period. 82.25% of the stock is currently 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)

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