LegacyTexas Financial Group Inc. (LTXB) Director Sells $342,700.00 in Stock
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) Director George A. Fisk sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the director now directly owns 308,481 shares in the company, valued at approximately $10,571,643.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) opened at 38.26 on Tuesday. The stock has a market cap of $1.77 billion, a PE ratio of 19.93 and a beta of 1.06. LegacyTexas Financial Group Inc. has a one year low of $16.79 and a one year high of $39.67. The company’s 50-day moving average price is $33.09 and its 200-day moving average price is $29.31.
LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company earned $0.39 earnings per share. Equities research analysts anticipate that LegacyTexas Financial Group Inc. will post $2.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, October 27th. LegacyTexas Financial Group’s payout ratio is currently 31.25%.
LTXB has been the topic of several research analyst reports. Zacks Investment Research cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Compass Point upped 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. Raymond James Financial Inc. cut LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and dropped 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. Finally, Hovde Group upped 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. 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. The company has a consensus rating of “Buy” and a consensus target price of $32.00.
Several hedge funds have recently modified their holdings of LTXB. Prudential Financial Inc. raised its stake in shares of LegacyTexas Financial Group by 39.1% in the first quarter. Prudential Financial Inc. now owns 141,992 shares of the financial services provider’s stock valued at $2,790,000 after buying an additional 39,900 shares during the last quarter. Teachers Advisors Inc. increased its position in LegacyTexas Financial Group by 3.9% in the first quarter. Teachers Advisors Inc. now owns 70,574 shares of the financial services provider’s stock valued at $1,387,000 after buying an additional 2,661 shares during the period. BNP Paribas Arbitrage SA increased its position in LegacyTexas Financial Group by 106.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,704 shares of the financial services provider’s stock valued at $369,000 after buying an additional 7,072 shares during the period. PineBridge Investments L.P. increased its position in LegacyTexas Financial Group by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,559 shares of the financial services provider’s stock valued at $150,000 after buying an additional 203 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in LegacyTexas Financial Group by 17.8% in the first quarter. TIAA CREF Investment Management LLC now owns 222,949 shares of the financial services provider’s stock valued at $4,381,000 after buying an additional 33,730 shares during the period. 77.17% of the stock is owned by institutional investors.
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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