LegacyTexas Financial Group (LTXB) – Investment Analysts’ Recent Ratings Updates

LegacyTexas Financial Group (NASDAQ: LTXB) has recently received a number of price target changes and ratings updates:

  • 1/25/2018 – LegacyTexas Financial Group had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $50.00 price target on the stock.
  • 1/25/2018 – LegacyTexas Financial Group had its price target raised by analysts at DA Davidson to $53.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – LegacyTexas Financial Group had its “hold” rating reaffirmed by analysts at Stephens. They now have a $46.00 price target on the stock.
  • 1/11/2018 – LegacyTexas Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 1/9/2018 – LegacyTexas Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 1/4/2018 – LegacyTexas Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 1/3/2018 – LegacyTexas Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 12/27/2017 – LegacyTexas Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “

Shares of LegacyTexas Financial Group Inc (NASDAQ LTXB) traded up $0.08 during trading on Monday, reaching $44.85. The company had a trading volume of 65,534 shares, compared to its average volume of 212,102. LegacyTexas Financial Group Inc has a 52-week low of $31.50 and a 52-week high of $46.45. The firm has a market capitalization of $2,154.22, a PE ratio of 23.73, a P/E/G ratio of 1.46 and a beta of 1.24. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.23.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $91.99 million. During the same period last year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. analysts predict that LegacyTexas Financial Group Inc will post 3.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 33.86%.

In related news, Director George A. Fisk sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total transaction of $945,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greg Wilkinson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

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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