Equities research analysts expect LegacyTexas Financial Group Inc (NASDAQ:LTXB) to announce $89.67 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for LegacyTexas Financial Group’s earnings. The lowest sales estimate is $88.30 million and the highest is $90.90 million. LegacyTexas Financial Group posted sales of $88.68 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that LegacyTexas Financial Group will report full year sales of $89.67 million for the current fiscal year, with estimates ranging from $378.50 million to $387.40 million. For the next financial year, analysts forecast that the business will post sales of $417.00 million per share, with estimates ranging from $413.40 million to $421.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover LegacyTexas Financial Group.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 21.80%. The business had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $91.99 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year.
In other news, EVP Charles D. Eikenberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.01, for a total transaction of $440,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Greg Wilkinson sold 5,000 shares of the firm’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 transaction of $215,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,500 shares of company stock worth $2,046,000. Insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of LegacyTexas Financial Group during the third quarter worth approximately $119,000. WFG Advisors LP increased its holdings in shares of LegacyTexas Financial Group by 0.4% during the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 13 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of LegacyTexas Financial Group by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 319 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of LegacyTexas Financial Group during the fourth quarter worth approximately $205,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of LegacyTexas Financial Group during the third quarter worth approximately $203,000. 84.76% of the stock is currently owned by institutional investors.
LegacyTexas Financial Group (NASDAQ LTXB) opened at $42.70 on Friday. The company has a market cap of $2,025.35, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. 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 has a fifty-two week low of $31.50 and a fifty-two week high of $46.45.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be issued a $0.16 dividend. The ex-dividend date is Friday, February 2nd. This represents a $0.64 annualized dividend and a yield of 1.50%. LegacyTexas Financial Group’s dividend payout ratio is currently 33.86%.
TRADEMARK VIOLATION NOTICE: “Zacks: Analysts Anticipate LegacyTexas Financial Group Inc (LTXB) Will Announce Quarterly Sales of $89.67 Million” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/10/zacks-analysts-anticipate-legacytexas-financial-group-inc-ltxb-will-announce-quarterly-sales-of-89-67-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LegacyTexas Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.