J. Mays Davenport Sells 5,000 Shares of LegacyTexas Financial Group Inc. (LTXB) Stock
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) CFO J. Mays Davenport sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $35.04, for a total value of $175,200.00. Following the completion of the sale, the chief financial officer now directly owns 77,219 shares in the company, valued at $2,705,753.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) opened at 37.65 on Monday. The company has a market cap of $1.74 billion, a PE ratio of 19.61 and a beta of 1.06. The company has a 50 day moving average of $32.91 and a 200 day moving average of $29.15. LegacyTexas Financial Group Inc. has a 1-year low of $16.79 and a 1-year high of $37.74.
LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.37%. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities analysts expect that LegacyTexas Financial Group Inc. will post $2.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.60 annualized dividend and a yield of 1.59%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 31.25%.
A number of large investors have recently modified their holdings of the company. Quantbot Technologies LP boosted its stake in shares of LegacyTexas Financial Group by 76.7% in the third quarter. Quantbot Technologies LP now owns 4,566 shares of the financial services provider’s stock valued at $144,000 after buying an additional 1,982 shares during the period. Societe Generale acquired a new stake in shares of LegacyTexas Financial Group during the second quarter valued at approximately $124,000. SG Americas Securities LLC acquired a new stake in shares of LegacyTexas Financial Group during the second quarter valued at approximately $124,000. Tower Research Capital LLC TRC boosted its stake in shares of LegacyTexas Financial Group by 1,264.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,856 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,500 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of LegacyTexas Financial Group during the third quarter valued at approximately $158,000. 77.17% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on LTXB shares. Compass Point raised their price target on LegacyTexas Financial Group from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Hovde Group raised their price target on LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, July 21st. Finally, Raymond James Financial Inc. downgraded LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $32.00 to $31.00 in a research report on Thursday, July 21st. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. LegacyTexas Financial Group presently has a consensus rating of “Buy” and an average target price of $32.00.
LegacyTexas Financial Group Company Profile
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.
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