LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $44.38.

LTXB has been the subject of several recent analyst reports. Zacks Investment Research cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. BidaskClub cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Stephens reissued a “hold” rating and set a $42.00 target price on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $46.50 target price on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. Finally, ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th.

Shares of LegacyTexas Financial Group (NASDAQ LTXB) traded up 0.83% during trading on Friday, reaching $39.92. The company’s stock had a trading volume of 319,399 shares. The stock has a 50 day moving average of $36.91 and a 200-day moving average of $37.79. LegacyTexas Financial Group has a 1-year low of $30.28 and a 1-year high of $44.94. The company has a market capitalization of $1.86 billion, a PE ratio of 19.02 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 consensus estimate of $0.56 by $0.03. The company had revenue of $88.05 million during the quarter, compared to analysts’ expectations of $87.93 million. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. On average, analysts expect that LegacyTexas Financial Group will post $2.20 earnings per share for the current year.

In other news, Director Arcilia Acosta acquired 3,590 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was acquired 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 owns 26,008 shares of the company’s stock, valued at approximately $936,808.16. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LTXB. Bank of Montreal Can grew its stake in shares of LegacyTexas Financial Group by 12.7% in the first quarter. Bank of Montreal Can now owns 3,396 shares of the financial services provider’s stock valued at $136,000 after buying an additional 382 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of LegacyTexas Financial Group by 50.2% in the first quarter. Nationwide Fund Advisors now owns 50,588 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 16,917 shares in the last quarter. US Bancorp DE grew its stake in shares of LegacyTexas Financial Group by 2,002.3% in the first quarter. US Bancorp DE now owns 6,454 shares of the financial services provider’s stock valued at $258,000 after buying an additional 6,147 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of LegacyTexas Financial Group by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 594,836 shares of the financial services provider’s stock valued at $23,734,000 after buying an additional 22,581 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of LegacyTexas Financial Group by 11.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,507 shares of the financial services provider’s stock valued at $339,000 after buying an additional 857 shares in the last quarter. 82.25% of the stock is owned by institutional investors and hedge funds.

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About LegacyTexas Financial Group

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.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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