LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Director Arcilia Acosta acquired 3,590 shares of LegacyTexas Financial Group stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $36.02 per share, with a total value of $129,311.80. Following the completion of the purchase, the director now directly owns 26,008 shares of the company’s stock, valued at approximately $936,808.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at 36.47 on Friday. LegacyTexas Financial Group, Inc. has a 52-week low of $30.25 and a 52-week high of $44.94. The stock has a 50 day moving average of $37.56 and a 200-day moving average of $38.38. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.37 and a beta of 1.16.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The company had revenue of $88.05 million during the quarter, compared to analyst estimates of $87.93 million. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. LegacyTexas Financial Group’s dividend payout ratio is presently 28.71%.

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Several institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC raised its position in shares of LegacyTexas Financial Group by 18.2% in the first quarter. Elkfork Partners LLC now owns 2,548 shares of the financial services provider’s stock valued at $102,000 after buying an additional 392 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of LegacyTexas Financial Group by 74.7% in the second quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,195 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of LegacyTexas Financial Group by 15.5% in the first quarter. Victory Capital Management Inc. now owns 3,025 shares of the financial services provider’s stock valued at $121,000 after buying an additional 406 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of LegacyTexas Financial Group by 18.2% in the first quarter. Meadow Creek Investment Management LLC now owns 3,094 shares of the financial services provider’s stock valued at $123,000 after buying an additional 476 shares in the last quarter. Finally, WFG Advisors LP raised its position in shares of LegacyTexas Financial Group by 0.4% in the first quarter. WFG Advisors LP now owns 3,156 shares of the financial services provider’s stock valued at $126,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

A number of analysts have commented on LTXB shares. BidaskClub lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Stephens reaffirmed a “hold” rating and set a $42.00 price objective on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. LegacyTexas Financial Group presently has a consensus rating of “Hold” and a consensus price target of $45.10.

LegacyTexas Financial Group Company Profile

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and 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.

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

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