BidaskClub lowered shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a hold rating to a sell rating in a report issued on Thursday morning.

Other analysts also recently issued research reports about the company. Stephens reissued a $41.92 rating and issued a $41.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, July 18th. ValuEngine raised LegacyTexas Financial Group from a hold rating to a buy rating in a research note on Wednesday, August 22nd. Piper Jaffray Companies reissued a buy rating and issued a $49.50 price target on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. Zacks Investment Research raised LegacyTexas Financial Group from a sell rating to a hold rating in a research note on Saturday, July 21st. Finally, Hovde Group reissued a hold rating and issued a $46.00 price target on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $48.93.

LTXB opened at $45.29 on Thursday. LegacyTexas Financial Group has a 1 year low of $34.58 and a 1 year high of $46.45. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.63 and a beta of 1.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.16 and a current ratio of 1.16.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). LegacyTexas Financial Group had a net margin of 22.39% and a return on equity of 11.24%. The firm had revenue of $94.78 million during the quarter, compared to analyst estimates of $94.05 million. During the same period in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts expect that LegacyTexas Financial Group will post 2.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Monday, July 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, July 27th. LegacyTexas Financial Group’s payout ratio is 29.36%.

Several hedge funds and other institutional investors have recently made changes to their positions in LTXB. Capital Fund Management S.A. bought a new position in shares of LegacyTexas Financial Group in the 2nd quarter valued at about $230,000. WINTON GROUP Ltd bought a new position in shares of LegacyTexas Financial Group in the 1st quarter valued at about $234,000. Aperio Group LLC grew its holdings in shares of LegacyTexas Financial Group by 19.7% in the 2nd quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 1,211 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of LegacyTexas Financial Group by 39.7% in the 1st quarter. Victory Capital Management Inc. now owns 7,251 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 2,061 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of LegacyTexas Financial Group in the 2nd quarter valued at about $344,000. Institutional investors own 85.91% of the company’s stock.

About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.

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Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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