LegacyTexas Financial Group Inc. (NASDAQ:LTXB) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. LegacyTexas Financial Group had a net margin of 23.58% and a return on equity of 9.45%.

Shares of LegacyTexas Financial Group (NASDAQ:LTXB) traded up 2.30% during midday trading on Tuesday, reaching $32.41. 201,410 shares of the company were exchanged. LegacyTexas Financial Group has a 52-week low of $16.79 and a 52-week high of $33.97. The firm’s 50 day moving average is $31.52 and its 200-day moving average is $27.45. The company has a market capitalization of $1.50 billion, a PE ratio of 18.95 and a beta of 1.11.

Earnings History for LegacyTexas Financial Group (NASDAQ:LTXB)

Institutional investors have recently made changes to their positions in the stock. Penn Capital Management Co. Inc. purchased a new position in shares of LegacyTexas Financial Group during the second quarter valued at about $3,562,000. Riverhead Capital Management LLC increased its position 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 during the period. Columbia Wanger Asset Management LLC increased its position 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 during the period. Thrivent Financial for Lutherans increased its position 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 during the period. Finally, Maltese Capital Management LLC purchased a new position in shares of LegacyTexas Financial Group during the second quarter valued at about $205,000. 74.62% of the stock is owned by institutional investors.

LTXB has been the subject of a number of recent research reports. Zacks Investment Research cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Compass Point increased their price target on shares of LegacyTexas Financial Group from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Hovde Group increased their price target on shares of LegacyTexas Financial Group from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, July 21st. Finally, Raymond James Financial Inc. downgraded shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $32.00 to $31.00 in a research report on Thursday, July 21st. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $30.86.

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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