LegacyTexas Financial Group Inc. (NASDAQ:LTXB) CEO Kevin J. Hanigan sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $38.77, for a total transaction of $232,620.00. Following the sale, the chief executive officer now directly owns 156,664 shares of the company’s stock, valued at $6,073,863.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) traded down 0.90% during midday trading on Wednesday, hitting $38.37. 526,504 shares of the stock were exchanged. The stock’s 50 day moving average is $33.32 and its 200 day moving average is $29.42. The firm has a market cap of $1.77 billion, a P/E ratio of 19.98 and a beta of 1.06. LegacyTexas Financial Group Inc. has a 12-month low of $16.79 and a 12-month high of $39.67.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts forecast that LegacyTexas Financial Group Inc. will post $2.12 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. LegacyTexas Financial Group’s payout ratio is 31.25%.

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position 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 position in shares of LegacyTexas Financial Group during the second quarter valued at approximately $124,000. SG Americas Securities LLC acquired a new position in shares of LegacyTexas Financial Group during the second quarter valued at approximately $124,000. Tower Research Capital LLC TRC raised its position 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 position in shares of LegacyTexas Financial Group during the third quarter valued at approximately $158,000. Institutional investors own 77.17% of the company’s stock.

A number of brokerages recently weighed in on LTXB. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Friday, October 21st. Raymond James Financial Inc. cut shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and decreased their price target 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. Hovde Group boosted their price objective on shares of LegacyTexas Financial Group from $27.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, July 21st. Finally, Compass Point boosted their price objective on shares of LegacyTexas Financial Group from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. LegacyTexas Financial Group presently has an average rating of “Buy” and a consensus target price of $32.00.

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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