LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Director George A. Fisk sold 22,500 shares of LegacyTexas Financial Group stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total transaction of $945,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of LegacyTexas Financial Group, Inc. (NASDAQ LTXB) traded down $0.34 during mid-day trading on Thursday, reaching $41.87. 377,813 shares of the company traded hands, compared to its average volume of 253,806. The stock has a market capitalization of $1,966.76, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.19. LegacyTexas Financial Group, Inc. has a 12 month low of $31.50 and a 12 month high of $44.94.
LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 10.85%. The company 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 earnings per share. LegacyTexas Financial Group’s revenue was up 3.4% compared to the same quarter last year. analysts anticipate that LegacyTexas Financial Group, Inc. will post 2.19 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTXB. Schwab Charles Investment Management Inc. grew its holdings in LegacyTexas Financial Group by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 178,761 shares of the financial services provider’s stock worth $7,133,000 after purchasing an additional 9,204 shares during the last quarter. US Bancorp DE grew its holdings in LegacyTexas Financial Group by 140.6% in the second quarter. US Bancorp DE now owns 15,530 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 9,076 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in LegacyTexas Financial Group by 436.1% in the second quarter. Russell Investments Group Ltd. now owns 68,890 shares of the financial services provider’s stock worth $2,626,000 after purchasing an additional 56,040 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in LegacyTexas Financial Group by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,840 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 340 shares during the last quarter. Finally, NGAM Advisors L.P. purchased a new position in LegacyTexas Financial Group in the second quarter worth $1,100,000. 84.40% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on LTXB shares. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. SunTrust Banks reissued a “buy” rating and set a $44.00 price objective on shares of LegacyTexas Financial Group in a report on Wednesday, October 4th. Piper Jaffray Companies reissued a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. Finally, ValuEngine lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. LegacyTexas Financial Group presently has a consensus rating of “Hold” and an average target price of $44.75.
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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.
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