Insider Selling: LegacyTexas Financial Group Inc. (LTXB) EVP Sells 5,500 Shares of Stock
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) EVP Thomas S. Swiley sold 5,500 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $38.68, for a total transaction of $212,740.00. Following the completion of the transaction, the executive vice president now owns 61,950 shares in the company, valued at $2,396,226. The sale was disclosed in a filing with the SEC, which is available through this link.
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) traded up 0.21% during midday trading on Friday, reaching $38.91. 257,569 shares of the company were exchanged. The company has a market capitalization of $1.80 billion, a PE ratio of 20.27 and a beta of 1.06. The firm has a 50-day moving average price of $33.72 and a 200-day moving average price of $29.55. LegacyTexas Financial Group Inc. has a 52 week low of $16.79 and a 52 week high of $39.67.
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 (EPS) for the quarter, beating 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 EPS. Equities research analysts anticipate that LegacyTexas Financial Group Inc. will post $2.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, October 27th. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 31.25%.
A number of equities analysts have commented on LTXB shares. Compass Point downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. Raymond James Financial Inc. downgraded shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $32.00 to $31.00 in a research note on Thursday, July 21st. They noted that the move was a valuation call. Finally, Hovde Group upped their target price on shares of LegacyTexas Financial Group from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, July 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. LegacyTexas Financial Group currently has an average rating of “Buy” and a consensus target price of $32.00.
Several large investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new stake in LegacyTexas Financial Group during the second quarter worth about $124,000. First Citizens Bank & Trust Co. acquired a new position in shares of LegacyTexas Financial Group during the second quarter worth $473,000. Monarch Partners Asset Management LLC acquired a new position in shares of LegacyTexas Financial Group during the second quarter worth $5,806,000. American Century Companies Inc. boosted its position in shares of 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 worth $25,348,000 after buying an additional 37,771 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of 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 worth $523,000 after buying an additional 300 shares during the period. 77.17% of the stock is currently owned by institutional investors and hedge funds.
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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