Wall Street analysts forecast that LegacyTexas Financial Group Inc (NASDAQ:LTXB) will announce earnings of $0.62 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for LegacyTexas Financial Group’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.61. LegacyTexas Financial Group reported earnings per share of $0.54 during the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is scheduled to report its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that LegacyTexas Financial Group will report full-year earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.18 to $2.22. For the next financial year, analysts forecast that the firm will post earnings of $2.64 per share, with EPS estimates ranging from $2.58 to $2.70. Zacks’ EPS averages are an average based on a survey of analysts that cover LegacyTexas Financial Group.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The company had revenue of $91.10 million during the quarter, compared to the consensus estimate of $91.51 million. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. LegacyTexas Financial Group’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS.

Several equities analysts have weighed in on LTXB shares. SunTrust Banks lifted their target price on LegacyTexas Financial Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. LegacyTexas Financial Group currently has an average rating of “Buy” and a consensus target price of $45.25.

LegacyTexas Financial Group (LTXB) opened at $42.30 on Friday. The firm has a market capitalization of $2,015.28, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.15 and a quick ratio of 1.15. LegacyTexas Financial Group has a 52-week low of $31.50 and a 52-week high of $44.94.

In other news, Director Greg Wilkinson sold 5,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George A. Fisk sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total value of $945,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock valued at $2,082,500. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in LegacyTexas Financial Group by 1.2% in the second quarter. BlackRock Inc. now owns 5,253,280 shares of the financial services provider’s stock valued at $200,307,000 after purchasing an additional 60,572 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in LegacyTexas Financial Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,303,447 shares of the financial services provider’s stock valued at $91,953,000 after purchasing an additional 29,293 shares in the last quarter. State Street Corp boosted its holdings in LegacyTexas Financial Group by 6.5% in the second quarter. State Street Corp now owns 1,551,238 shares of the financial services provider’s stock valued at $59,150,000 after purchasing an additional 94,017 shares in the last quarter. Northern Trust Corp boosted its holdings in LegacyTexas Financial Group by 6.4% in the second quarter. Northern Trust Corp now owns 942,251 shares of the financial services provider’s stock valued at $35,927,000 after purchasing an additional 56,960 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in LegacyTexas Financial Group by 33.3% in the second quarter. Wells Fargo & Company MN now owns 755,477 shares of the financial services provider’s stock valued at $28,807,000 after purchasing an additional 188,910 shares in the last quarter. 84.42% of the stock is owned by institutional investors and hedge funds.

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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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