LegacyTexas Financial Group Inc. (NASDAQ:LTXB) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $31.40.

A number of equities research analysts have recently issued reports on the company. Compass Point lowered LegacyTexas Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, November 18th. Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Friday, October 21st.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $39.50, for a total value of $395,000.00. Following the transaction, the director now owns 268,481 shares in the company, valued at $10,604,999.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin J. Hanigan sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $38.77, for a total value of $232,620.00. Following the completion of the transaction, the chief executive officer now owns 156,664 shares in the company, valued at approximately $6,073,863.28. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Group LTD increased its position in shares of LegacyTexas Financial Group by 8.9% in the first quarter. BlackRock Group LTD now owns 54,978 shares of the financial services provider’s stock worth $1,080,000 after buying an additional 4,504 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of LegacyTexas Financial Group by 6.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 946,191 shares of the financial services provider’s stock worth $18,593,000 after buying an additional 61,123 shares during the period. Envestnet Asset Management Inc. increased its position in shares of LegacyTexas Financial Group by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 41,171 shares of the financial services provider’s stock worth $809,000 after buying an additional 709 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of 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 worth $369,000 after buying an additional 7,072 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of LegacyTexas Financial Group by 16.2% in the second quarter. Capstone Asset Management Co. now owns 16,600 shares of the financial services provider’s stock worth $447,000 after buying an additional 2,320 shares during the period. Hedge funds and other institutional investors own 78.25% of the company’s stock.

LegacyTexas Financial Group (NASDAQ:LTXB) traded up 1.11% during trading on Wednesday, hitting $39.04. The stock had a trading volume of 136,259 shares. The company has a market cap of $1.80 billion, a P/E ratio of 20.33 and a beta of 1.06. The company has a 50 day moving average of $34.98 and a 200-day moving average of $30.31. LegacyTexas Financial Group has a 12-month low of $16.79 and a 12-month high of $40.02.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.61 earnings per share for the quarter, beating 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 business earned $0.39 earnings per share. On average, equities analysts predict that LegacyTexas Financial Group will post $2.12 EPS for the current year.

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

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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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