Weekly Investment Analysts’ Ratings Changes for LegacyTexas Financial Group (LTXB)

A number of firms have modified their ratings and price targets on shares of LegacyTexas Financial Group (NASDAQ: LTXB) recently:

  • 5/1/2019 – LegacyTexas Financial Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/30/2019 – LegacyTexas Financial Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/25/2019 – LegacyTexas Financial Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/25/2019 – LegacyTexas Financial Group was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $43.00 price target on the stock.
  • 4/24/2019 – LegacyTexas Financial Group had its “buy” rating reaffirmed by analysts at DA Davidson.
  • 4/19/2019 – LegacyTexas Financial Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/4/2019 – LegacyTexas Financial Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/3/2019 – 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. “
  • 3/30/2019 – LegacyTexas Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 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. “
  • 3/28/2019 – LegacyTexas Financial Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/22/2019 – LegacyTexas Financial Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/20/2019 – LegacyTexas Financial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “

NASDAQ:LTXB traded up $0.56 during trading hours on Thursday, reaching $40.12. 3,705 shares of the company’s stock were exchanged, compared to its average volume of 304,984. The stock has a market cap of $1.87 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.20 and a beta of 1.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.13. LegacyTexas Financial Group Inc has a 1-year low of $30.18 and a 1-year high of $47.18.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.12). The firm had revenue of $91.06 million for the quarter, compared to analysts’ expectations of $94.48 million. LegacyTexas Financial Group had a return on equity of 13.43% and a net margin of 33.36%. During the same quarter in the previous year, the company posted $0.52 EPS. Sell-side analysts expect that LegacyTexas Financial Group Inc will post 3.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. LegacyTexas Financial Group’s dividend payout ratio is presently 34.48%.

In other news, COO Scott A. Almy sold 1,691 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $36.44, for a total value of $61,620.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles D. Eikenberg sold 15,000 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $43.51, for a total transaction of $652,650.00. The disclosure for this sale can be found here. Insiders sold a total of 20,490 shares of company stock valued at $855,270 in the last quarter. Insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in LegacyTexas Financial Group by 5.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 607,933 shares of the financial services provider’s stock valued at $25,899,000 after acquiring an additional 33,920 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of LegacyTexas Financial Group by 4.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,970 shares of the financial services provider’s stock worth $1,447,000 after purchasing an additional 1,433 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of LegacyTexas Financial Group during the 3rd quarter worth about $227,000. Morgan Stanley boosted its stake in shares of LegacyTexas Financial Group by 109.7% during the 3rd quarter. Morgan Stanley now owns 240,163 shares of the financial services provider’s stock worth $10,231,000 after purchasing an additional 125,647 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of LegacyTexas Financial Group by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,543,854 shares of the financial services provider’s stock worth $193,568,000 after purchasing an additional 132,993 shares during the last quarter. Institutional investors and hedge funds own 85.40% of the company’s stock.

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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