KBC Group NV decreased its holdings in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,937 shares of the financial services provider’s stock after selling 3,260 shares during the quarter. KBC Group NV owned approximately 0.13% of LegacyTexas Financial Group worth $2,572,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation acquired a new stake in LegacyTexas Financial Group during the third quarter valued at approximately $119,000. Ameritas Investment Partners Inc. raised its stake in LegacyTexas Financial Group by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock valued at $158,000 after buying an additional 319 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in LegacyTexas Financial Group during the third quarter valued at approximately $203,000. Eqis Capital Management Inc. acquired a new stake in LegacyTexas Financial Group during the third quarter valued at approximately $210,000. Finally, Aperio Group LLC acquired a new stake in LegacyTexas Financial Group during the fourth quarter valued at approximately $260,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.
LTXB has been the topic of several research reports. SunTrust Banks upped their price objective on LegacyTexas Financial Group from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Stephens restated a “hold” rating and set a $46.00 price objective on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. DA Davidson upped their price objective on LegacyTexas Financial Group to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Sandler O’Neill restated a “buy” rating and set a $50.00 price objective on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. LegacyTexas Financial Group currently has a consensus rating of “Hold” and a consensus target price of $47.79.
In other news, Director George A. Fisk sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total transaction of $945,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen H. Oshea sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. The disclosure for this sale can be found here. Insiders have sold 47,500 shares of company stock valued at $2,046,000 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.
LegacyTexas Financial Group Inc (NASDAQ LTXB) opened at $43.25 on Wednesday. The company has a market capitalization of $2,111.63, a P/E ratio of 20.19, a PEG ratio of 1.39 and a beta of 1.26. LegacyTexas Financial Group Inc has a fifty-two week low of $31.50 and a fifty-two week high of $46.45. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). The company had revenue of $87.10 million for the quarter, compared to the consensus estimate of $91.99 million. LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. sell-side analysts predict that LegacyTexas Financial Group Inc will post 3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, February 2nd. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 33.86%.
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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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