LegacyTexas Financial Group, Inc. (NASDAQ:LTXB)‘s stock had its “buy” rating restated by equities research analysts at SunTrust Banks, Inc. in a research report issued on Wednesday. They currently have a $44.00 target price on the financial services provider’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 11.65% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Piper Jaffray Companies restated a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a report on Friday, August 25th. BidaskClub cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Finally, Stephens restated a “hold” rating and issued a $42.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. LegacyTexas Financial Group has a consensus rating of “Hold” and an average price target of $44.30.

LegacyTexas Financial Group (NASDAQ LTXB) opened at 39.41 on Wednesday. LegacyTexas Financial Group has a 12-month low of $31.14 and a 12-month high of $44.94. The company has a 50 day moving average of $37.32 and a 200-day moving average of $37.62. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 18.78 and a beta of 1.17.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm 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 revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. On average, equities research analysts forecast that LegacyTexas Financial Group will post $2.20 earnings per share for the current year.

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In related news, Director Arcilia Acosta bought 3,590 shares of the company’s stock in a transaction on Monday, August 28th. The stock was bought at an average cost of $36.02 per share, for a total transaction of $129,311.80. Following the acquisition, the director now directly owns 26,008 shares in the company, valued at $936,808.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of LegacyTexas Financial Group by 67.7% during the 1st quarter. AQR Capital Management LLC now owns 109,373 shares of the financial services provider’s stock worth $4,364,000 after purchasing an additional 44,149 shares during the period. Stieven Capital Advisors L.P. purchased a new position in shares of LegacyTexas Financial Group during the 2nd quarter worth $7,229,000. TIAA CREF Investment Management LLC grew its holdings in shares of LegacyTexas Financial Group by 5.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 363,128 shares of the financial services provider’s stock worth $13,846,000 after purchasing an additional 19,695 shares during the period. Bank of America Corp DE grew its holdings in shares of LegacyTexas Financial Group by 75.1% during the 1st quarter. Bank of America Corp DE now owns 242,652 shares of the financial services provider’s stock worth $9,681,000 after purchasing an additional 104,050 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of LegacyTexas Financial Group by 436.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 68,890 shares of the financial services provider’s stock worth $2,626,000 after purchasing an additional 56,040 shares during the period. Institutional investors and hedge funds own 82.25% of the company’s stock.

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.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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