Zions Bancorporation Invests $119,000 in LegacyTexas Financial Group, Inc. (LTXB)
Zions Bancorporation bought a new position in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 2,989 shares of the financial services provider’s stock, valued at approximately $119,000.
Other large investors have also recently modified their holdings of the company. Riverhead Capital Management LLC grew its holdings in shares of LegacyTexas Financial Group by 74.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,195 shares during the period. WFG Advisors LP grew its holdings in shares of LegacyTexas Financial Group by 0.4% during the 2nd quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 13 shares during the period. Victory Capital Management Inc. grew its holdings in shares of LegacyTexas Financial Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,560 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 535 shares during the period. Ameritas Investment Partners Inc. lifted its position in LegacyTexas Financial Group by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 319 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in LegacyTexas Financial Group during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds 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 that occurred on Monday, December 4th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George A. Fisk sold 22,500 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were 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. Over the last ninety days, insiders sold 50,000 shares of company stock worth $2,082,500. 3.10% of the stock is currently owned by corporate insiders.
LegacyTexas Financial Group, Inc. (NASDAQ LTXB) opened at $39.67 on Friday. The company has a market capitalization of $1,910.00, a P/E ratio of 19.26, a P/E/G ratio of 1.54 and a beta of 1.23. 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.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $91.10 million for the quarter, compared to analyst estimates of $91.51 million. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. LegacyTexas Financial Group’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. analysts predict that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 3rd. LegacyTexas Financial Group’s dividend payout ratio is presently 30.19%.
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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