Scott A. Almy Sells 5,000 Shares of LegacyTexas Financial Group Inc. (LTXB) Stock
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) COO Scott A. Almy sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $37.62, for a total value of $188,100.00. Following the transaction, the chief operating officer now directly owns 50,157 shares in the company, valued at $1,886,906.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) opened at 38.72 on Wednesday. LegacyTexas Financial Group Inc. has a 52 week low of $16.79 and a 52 week high of $39.67. The firm has a 50-day moving average price of $33.32 and a 200-day moving average price of $29.42. The company has a market cap of $1.79 billion, a P/E ratio of 20.17 and a beta of 1.06.
LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, October 18th. 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 return on equity of 10.37% and a net margin of 25.44%. During the same period last year, the company posted $0.39 EPS. Equities research analysts anticipate that LegacyTexas Financial Group Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were given a $0.15 dividend. The ex-dividend date was Thursday, October 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. LegacyTexas Financial Group’s dividend payout ratio is currently 31.25%.
A number of equities analysts have recently weighed in on LTXB shares. Zacks Investment Research lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Raymond James Financial Inc. downgraded 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 report on Thursday, July 21st. They noted that the move was a valuation call. Hovde Group upped their price target on 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 upped their price target on LegacyTexas Financial Group from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. LegacyTexas Financial Group currently has an average rating of “Buy” and a consensus target price of $32.00.
Large investors have recently modified their holdings of the company. Societe Generale acquired a new stake in shares of LegacyTexas Financial Group during the second quarter worth $124,000. SG Americas Securities LLC acquired a new stake in shares of LegacyTexas Financial Group during the second quarter worth $124,000. Tower Research Capital LLC TRC boosted its position in 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 worth $131,000 after buying an additional 4,500 shares during the last quarter. Quantbot Technologies LP boosted its position in 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 worth $144,000 after buying an additional 1,982 shares during the last quarter. Finally, PineBridge Investments L.P. boosted 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 worth $150,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.
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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