Cambiar Investors LLC reduced its stake in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 319,054 shares of the financial services provider’s stock after selling 93,272 shares during the quarter. Cambiar Investors LLC owned about 0.66% of LegacyTexas Financial Group worth $12,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LTXB. Riverhead Capital Management LLC raised its stake in shares of LegacyTexas Financial Group by 74.7% during the second quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,195 shares in the last quarter. WFG Advisors LP raised its stake in shares of LegacyTexas Financial Group by 0.4% during the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 13 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of LegacyTexas Financial Group by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,560 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 535 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of LegacyTexas Financial Group by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 319 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of LegacyTexas Financial Group during the third quarter valued at about $210,000. Institutional investors and hedge funds own 81.62% of the company’s stock.

LTXB has been the topic of a number of recent analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. SunTrust Banks, Inc. boosted their price target on shares of LegacyTexas Financial Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, October 6th. ValuEngine cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Stephens reiterated a “hold” rating and issued a $42.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. LegacyTexas Financial Group currently has a consensus rating of “Hold” and an average price target of $44.42.

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LegacyTexas Financial Group, Inc. (LTXB) traded up $0.95 during trading hours on Tuesday, reaching $37.75. The company’s stock had a trading volume of 408,200 shares, compared to its average volume of 254,412. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.19. LegacyTexas Financial Group, Inc. has a 52 week low of $31.50 and a 52 week high of $44.94. The stock has a market cap of $1,767.87, a PE ratio of 17.44, a PEG ratio of 1.40 and a beta of 1.23.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $91.10 million for the quarter, compared to analysts’ expectations of $91.51 million. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. sell-side analysts forecast that LegacyTexas Financial Group, Inc. will post 2.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.70%. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. LegacyTexas Financial Group’s dividend payout ratio is presently 30.19%.

In related news, Director Arcilia Acosta bought 3,590 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was purchased at an average price of $36.02 per share, with a total value of $129,311.80. Following the completion of the transaction, the director now directly owns 26,008 shares of the company’s stock, valued at $936,808.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George A. Fisk sold 22,500 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $41.00, for a total value of $922,500.00. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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