Karen H. Oshea Sells 7,850 Shares of LegacyTexas Financial Group Inc. (LTXB) Stock
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) Director Karen H. Oshea sold 7,850 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $34.56, for a total value of $271,296.00. Following the sale, the director now directly owns 60,077 shares in the company, valued at approximately $2,076,261.12. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) opened at 37.65 on Monday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 19.61 and a beta of 1.06. The stock’s 50 day moving average price is $32.91 and its 200 day moving average price is $29.15. LegacyTexas Financial Group Inc. has a one year low of $16.79 and a one year high of $37.74.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its earnings results on Tuesday, October 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. LegacyTexas Financial Group had a return on equity of 10.37% and a net margin of 25.44%. During the same period last year, the business earned $0.39 EPS. Analysts forecast that LegacyTexas Financial Group Inc. will post $2.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, October 27th. LegacyTexas Financial Group’s payout ratio is 31.25%.
Several analysts have issued reports on the company. Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Friday, October 21st. Raymond James Financial Inc. cut LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and dropped their target price 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. Hovde Group increased their target price 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, Compass Point increased their target price 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. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.00.
A number of hedge funds have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. purchased a new stake in shares of LegacyTexas Financial Group during the second quarter worth about $473,000. Monarch Partners Asset Management LLC acquired a new position in LegacyTexas Financial Group during the second quarter valued at approximately $5,806,000. American Century Companies Inc. increased its position in LegacyTexas Financial Group by 4.2% in the second quarter. American Century Companies Inc. now owns 941,938 shares of the financial services provider’s stock valued at $25,348,000 after buying an additional 37,771 shares during the period. New York State Teachers Retirement System increased its position in LegacyTexas Financial Group by 1.6% in the second quarter. New York State Teachers Retirement System now owns 19,424 shares of the financial services provider’s stock valued at $523,000 after buying an additional 300 shares during the period. Finally, 1st Global Advisors Inc. increased its position in LegacyTexas Financial Group by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 22,257 shares of the financial services provider’s stock valued at $599,000 after buying an additional 151 shares during the period. 77.17% of the stock is currently owned by institutional investors.
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.
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