LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Director Greg Wilkinson sold 5,000 shares of LegacyTexas Financial Group stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) traded down $0.27 on Thursday, reaching $41.09. 117,500 shares of the company were exchanged, compared to its average volume of 254,875. 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 capitalization of $1,986.94, a P/E ratio of 19.60, a PEG ratio of 1.57 and a beta of 1.24. 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 announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. The firm had revenue of $91.10 million for 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 firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. equities analysts predict that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a $0.16 dividend. The ex-dividend date was Friday, November 3rd. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.56%. LegacyTexas Financial Group’s payout ratio is 30.19%.
Several research analysts have recently weighed in on LTXB shares. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. SunTrust Banks reissued a “buy” rating and issued a $44.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research report on Thursday, October 19th. Finally, ValuEngine downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.75.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC lifted its stake in LegacyTexas Financial Group by 74.7% in the second quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 1,195 shares during the last quarter. Zions Bancorporation acquired a new stake in LegacyTexas Financial Group in the third quarter valued at approximately $119,000. WFG Advisors LP lifted its stake in LegacyTexas Financial Group by 0.4% in the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 13 shares during the last quarter. Victory Capital Management Inc. lifted its stake in LegacyTexas Financial Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,560 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 535 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in LegacyTexas Financial Group by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 84.45% 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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