Zacks Investment Research lowered shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “

A number of other analysts also recently weighed in on the company. SunTrust Banks restated a buy rating and issued a $47.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, November 29th. Piper Jaffray Companies restated a buy rating and issued a $46.50 price target on shares of LegacyTexas Financial Group in a research note on Thursday, October 19th. Finally, ValuEngine downgraded LegacyTexas Financial Group from a buy rating to a hold rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $45.25.

LegacyTexas Financial Group (LTXB) traded up $0.78 during trading on Wednesday, hitting $43.08. The company had a trading volume of 213,058 shares, compared to its average volume of 213,639. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.15 and a current ratio of 1.15. LegacyTexas Financial Group has a 12-month low of $31.50 and a 12-month high of $44.94. The stock has a market capitalization of $2,069.56, a P/E ratio of 20.32, a PEG ratio of 1.36 and a beta of 1.24.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The firm had revenue of $91.10 million for the quarter, compared to the consensus estimate of $91.51 million. During the same period in the previous year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts expect that LegacyTexas Financial Group will post 2.2 EPS for the current fiscal year.

In other LegacyTexas Financial Group news, Director Greg Wilkinson sold 5,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George A. Fisk sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total value of $945,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock worth $2,082,500. 3.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LTXB. Schwab Charles Investment Management Inc. boosted its position in LegacyTexas Financial Group by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 188,027 shares of the financial services provider’s stock worth $7,170,000 after purchasing an additional 9,266 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of LegacyTexas Financial Group by 0.6% in the second quarter. Rhumbline Advisers now owns 90,255 shares of the financial services provider’s stock worth $3,441,000 after acquiring an additional 494 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of LegacyTexas Financial Group by 9.2% in the second quarter. Legal & General Group Plc now owns 82,010 shares of the financial services provider’s stock worth $3,129,000 after acquiring an additional 6,902 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of LegacyTexas Financial Group by 59.9% in the second quarter. BNP Paribas Arbitrage SA now owns 13,599 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 5,092 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of LegacyTexas Financial Group in the second quarter worth $1,212,000. Institutional investors own 84.42% of the company’s stock.

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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.

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