LegacyTexas Financial Group Inc. (NASDAQ:LTXB) EVP Charles D. Eikenberg sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $37.89, for a total transaction of $151,560.00. Following the sale, the executive vice president now owns 46,450 shares of the company’s stock, valued at approximately $1,759,990.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LegacyTexas Financial Group Inc. (NASDAQ:LTXB) opened at 38.83 on Friday. The firm has a 50-day moving average of $33.72 and a 200 day moving average of $29.55. LegacyTexas Financial Group Inc. has a 52 week low of $16.79 and a 52 week high of $39.67. The firm has a market capitalization of $1.80 billion, a PE ratio of 20.22 and a beta of 1.06.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $0.61 earnings per share 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 quarter in the prior year, the company earned $0.39 earnings per share. Analysts predict that LegacyTexas Financial Group Inc. will post $2.12 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, October 27th. LegacyTexas Financial Group’s payout ratio is currently 31.25%.

Several hedge funds have recently added to or reduced their stakes in the company. Schafer Cullen Capital Management Inc. increased its stake in LegacyTexas Financial Group by 8.8% in the third quarter. Schafer Cullen Capital Management Inc. now owns 19,320 shares of the financial services provider’s stock worth $611,000 after buying an additional 1,565 shares during the last quarter. Credit Suisse AG boosted its position in shares of LegacyTexas Financial Group by 129.8% in the third quarter. Credit Suisse AG now owns 96,176 shares of the financial services provider’s stock valued at $3,041,000 after buying an additional 54,316 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of LegacyTexas Financial Group during the third quarter valued at about $769,000. The Manufacturers Life Insurance Company purchased a new position in shares of LegacyTexas Financial Group during the third quarter valued at about $955,000. Finally, Two Sigma Advisers LP boosted its position in shares of LegacyTexas Financial Group by 5.4% in the third quarter. Two Sigma Advisers LP now owns 17,637 shares of the financial services provider’s stock valued at $558,000 after buying an additional 900 shares during the period. 77.17% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research report on Friday, October 21st. Raymond James Financial Inc. downgraded shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and reduced 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. Hovde Group upped their price target on shares of 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 upped their price target on shares of 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 assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average 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

Receive News & Stock Ratings for LegacyTexas Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group Inc. and related stocks with our FREE daily email newsletter.