LegacyTexas Financial Group Inc. (NASDAQ:LTXB) is set to announce its Q316 earnings results on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $16.55 million for the quarter.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, July 19th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. LegacyTexas Financial Group had a net margin of 23.58% and a return on equity of 9.45%. On average, analysts expect LegacyTexas Financial Group to post $2.00 EPS for the current fiscal year and $2.19 EPS for the next fiscal year.

Earnings History for LegacyTexas Financial Group (NASDAQ:LTXB)

LegacyTexas Financial Group Inc. (NASDAQ:LTXB) opened at 31.86 on Friday. LegacyTexas Financial Group Inc. has a 1-year low of $16.79 and a 1-year high of $33.97. The stock has a market cap of $1.47 billion, a PE ratio of 18.63 and a beta of 1.11. The company’s 50 day moving average is $31.41 and its 200-day moving average is $27.15.

A number of brokerages have issued reports on LTXB. Hovde Group upped their price target on shares of LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, July 21st. Compass Point upped their price target on shares of LegacyTexas Financial Group from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Raymond James Financial Inc. lowered shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $32.00 to $31.00 in a research note on Thursday, July 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. LegacyTexas Financial Group has a consensus rating of “Buy” and an average target price of $30.86.

A number of hedge funds and other institutional investors have recently modified their holdings of LTXB. Penn Capital Management Co. Inc. bought a new stake in shares of LegacyTexas Financial Group during the second quarter valued at $3,562,000. Riverhead Capital Management LLC increased its stake in shares of LegacyTexas Financial Group by 172.6% in the second quarter. Riverhead Capital Management LLC now owns 19,536 shares of the financial services provider’s stock valued at $1,779,000 after buying an additional 12,370 shares in the last quarter. Columbia Wanger Asset Management LLC increased its stake in shares of LegacyTexas Financial Group by 9.9% in the second quarter. Columbia Wanger Asset Management LLC now owns 389,631 shares of the financial services provider’s stock valued at $10,485,000 after buying an additional 35,002 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of LegacyTexas Financial Group by 4.2% in the second quarter. Thrivent Financial for Lutherans now owns 20,890 shares of the financial services provider’s stock valued at $562,000 after buying an additional 850 shares in the last quarter. Finally, Maltese Capital Management LLC bought a new stake in shares of LegacyTexas Financial Group during the second quarter valued at $205,000. Institutional investors own 74.61% of the company’s stock.

About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank is its wholly owned principal operating subsidiary. The Company is engaged in attracting retail deposits from the general public and the 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.

5 Day Chart for NASDAQ:LTXB

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