Swiss National Bank boosted its stake in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,900 shares of the financial services provider’s stock after acquiring an additional 3,100 shares during the period. Swiss National Bank owned 0.16% of LegacyTexas Financial Group worth $3,162,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of LTXB. Parametric Portfolio Associates LLC increased its position in LegacyTexas Financial Group by 29.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,621 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 8,547 shares during the period. The Manufacturers Life Insurance Company increased its position in LegacyTexas Financial Group by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,970 shares of the financial services provider’s stock worth $1,410,000 after purchasing an additional 2,763 shares during the period. Crossmark Global Holdings Inc. acquired a new position in LegacyTexas Financial Group during the 3rd quarter worth approximately $492,000. Stevens Capital Management LP acquired a new position in LegacyTexas Financial Group during the 3rd quarter worth approximately $891,000. Finally, Principal Financial Group Inc. increased its position in LegacyTexas Financial Group by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 346,219 shares of the financial services provider’s stock worth $13,821,000 after purchasing an additional 2,308 shares during the period. Hedge funds and other institutional investors own 85.40% of the company’s stock.
In related news, COO Scott A. Almy sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Scott A. Almy sold 1,558 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $42.16, for a total value of $65,685.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,558 shares of company stock worth $1,166,185. 3.10% of the stock is owned by corporate insiders.
LegacyTexas Financial Group Inc (NASDAQ LTXB) traded down $0.62 during mid-day trading on Wednesday, reaching $44.91. The company had a trading volume of 143,805 shares, compared to its average volume of 217,068. LegacyTexas Financial Group Inc has a 12-month low of $31.50 and a 12-month 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. The stock has a market cap of $2,207.06, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.45 and a beta of 1.26.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $91.99 million. During the same period in the previous year, the company posted $0.55 EPS. LegacyTexas Financial Group’s quarterly revenue was up .9% compared to the same quarter last year. analysts anticipate that LegacyTexas Financial Group Inc will post 3.15 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 2nd. LegacyTexas Financial Group’s payout ratio is currently 33.86%.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. SunTrust Banks reissued a “buy” rating and set a $47.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, November 29th. Stephens reissued a “hold” rating and set a $46.00 price target on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. DA Davidson boosted their price target on LegacyTexas Financial Group to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Sandler O’Neill reissued a “buy” rating and set a $50.00 price target on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.79.
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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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