Zacks: Analysts Anticipate LegacyTexas Financial Group, Inc. (LTXB) Will Announce Earnings of $0.62 Per Share
Wall Street analysts forecast that LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) will report earnings of $0.62 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for LegacyTexas Financial Group’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.61. LegacyTexas Financial Group posted earnings per share of $0.54 during the same quarter last year, which indicates a positive year over year growth rate of 14.8%. The business is expected to issue its next quarterly earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that LegacyTexas Financial Group will report full year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.17 to $2.22. For the next financial year, analysts anticipate that the business will post earnings of $2.63 per share, with EPS estimates ranging from $2.58 to $2.70. Zacks’ earnings per share averages are an average based on a survey of research firms that follow LegacyTexas Financial Group.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 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 business had revenue of $91.10 million during the quarter, compared to analyst estimates of $91.51 million. During the same quarter last year, the business earned $0.60 earnings per share. LegacyTexas Financial Group’s quarterly revenue was up 3.4% compared to the same quarter last year.
In related news, Director George A. Fisk sold 22,500 shares of LegacyTexas Financial Group stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total transaction of $945,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its holdings in LegacyTexas Financial Group by 74.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,195 shares in the last quarter. Zions Bancorporation bought a new stake in LegacyTexas Financial Group during the 3rd quarter valued at about $119,000. WFG Advisors LP lifted its holdings in LegacyTexas Financial Group by 0.4% during the 2nd quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock valued at $121,000 after buying an additional 13 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in LegacyTexas Financial Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,560 shares of the financial services provider’s stock valued at $136,000 after buying an additional 535 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in LegacyTexas Financial Group by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock valued at $158,000 after buying an additional 319 shares in the last quarter. Institutional investors own 84.40% of the company’s stock.
LegacyTexas Financial Group (NASDAQ:LTXB) opened at $41.75 on Friday. LegacyTexas Financial Group has a 12-month low of $31.50 and a 12-month high of $44.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $2,010.00, 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 also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, November 3rd. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 30.19%.
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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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