Rhumbline Advisers raised its holdings in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,115 shares of the financial services provider’s stock after purchasing an additional 1,860 shares during the period. Rhumbline Advisers owned about 0.19% of LegacyTexas Financial Group worth $3,677,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LTXB. Municipal Employees Retirement System of Michigan grew its position in shares of LegacyTexas Financial Group by 61.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,900 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 6,060 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of LegacyTexas Financial Group by 2.6% during the third quarter. New York State Common Retirement Fund now owns 69,613 shares of the financial services provider’s stock worth $2,779,000 after acquiring an additional 1,784 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of LegacyTexas Financial Group by 98.6% during the third quarter. BNP Paribas Arbitrage SA now owns 27,002 shares of the financial services provider’s stock worth $1,078,000 after acquiring an additional 13,403 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of LegacyTexas Financial Group by 0.7% during the third quarter. Principal Financial Group Inc. now owns 346,219 shares of the financial services provider’s stock worth $13,821,000 after acquiring an additional 2,308 shares during the last quarter. Finally, Monarch Partners Asset Management LLC grew its position in shares of LegacyTexas Financial Group by 13.5% during the third quarter. Monarch Partners Asset Management LLC now owns 452,500 shares of the financial services provider’s stock worth $18,064,000 after acquiring an additional 53,805 shares during the last quarter. Hedge funds and other institutional investors own 84.45% of the company’s stock.

In other LegacyTexas Financial Group news, Director Greg Wilkinson sold 5,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George A. Fisk sold 22,500 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total transaction of $945,000.00. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $2,082,500 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Shares of LegacyTexas Financial Group, Inc. (LTXB) opened at $41.09 on Thursday. The firm has a market cap of $1,986.94, a PE ratio of 19.60, a P/E/G ratio of 1.57 and a beta of 1.24. LegacyTexas Financial Group, Inc. has a 1-year low of $31.50 and a 1-year high of $44.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.15 and a quick ratio of 1.15.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $91.10 million during the quarter, compared to the consensus estimate of $91.51 million. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 10.85%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. analysts forecast that LegacyTexas Financial Group, Inc. will post 2.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.16 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.64 annualized dividend and a yield of 1.56%. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. LegacyTexas Financial Group’s dividend payout ratio is presently 30.19%.

LTXB has been the subject of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $47.00 price objective on shares of LegacyTexas Financial Group in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $46.50 price objective on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. Finally, ValuEngine downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. LegacyTexas Financial Group presently has an average rating of “Hold” and an average target price of $44.75.

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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.

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

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