Advisory Research Inc. decreased its holdings in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 41.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 226,289 shares of the financial services provider’s stock after selling 157,050 shares during the period. Advisory Research Inc. owned approximately 0.47% of LegacyTexas Financial Group worth $9,640,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its stake in LegacyTexas Financial Group by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 233,708 shares of the financial services provider’s stock valued at $9,120,000 after buying an additional 11,767 shares during the period. SG Americas Securities LLC boosted its stake in LegacyTexas Financial Group by 428.2% during the second quarter. SG Americas Securities LLC now owns 31,014 shares of the financial services provider’s stock valued at $1,210,000 after buying an additional 25,142 shares during the period. Dimensional Fund Advisors LP boosted its stake in LegacyTexas Financial Group by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,414,324 shares of the financial services provider’s stock valued at $94,208,000 after buying an additional 54,960 shares during the period. Bank of America Corp DE boosted its stake in LegacyTexas Financial Group by 11.8% during the second quarter. Bank of America Corp DE now owns 463,374 shares of the financial services provider’s stock valued at $18,081,000 after buying an additional 48,757 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in LegacyTexas Financial Group by 214.3% during the second quarter. Advisors Asset Management Inc. now owns 31,464 shares of the financial services provider’s stock valued at $354,000 after buying an additional 21,452 shares during the period. 86.37% of the stock is owned by institutional investors.
Shares of LTXB stock opened at $38.57 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.15 and a quick ratio of 1.15. LegacyTexas Financial Group Inc has a 12-month low of $35.16 and a 12-month high of $47.18. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.36 and a beta of 1.42.
LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. The firm had revenue of $98.89 million during the quarter, compared to analyst estimates of $97.73 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities research analysts anticipate that LegacyTexas Financial Group Inc will post 2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Monday, October 29th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, October 26th. This represents a $0.88 annualized dividend and a yield of 2.28%. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. LegacyTexas Financial Group’s payout ratio is 40.37%.
Several equities research analysts recently issued reports on the company. BidaskClub raised LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Stephens reaffirmed a “buy” rating and set a $48.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, October 17th. Finally, Raymond James dropped their price target on LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.93.
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About LegacyTexas Financial Group
LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.
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