LegacyTexas Financial Group Inc (NASDAQ:LTXB) – Analysts at DA Davidson increased their FY2018 earnings per share estimates for LegacyTexas Financial Group in a report issued on Wednesday, October 17th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $2.84 per share for the year, up from their previous estimate of $2.72.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The firm had revenue of $98.89 million during the quarter, compared to analyst estimates of $97.73 million. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. During the same period in the prior year, the firm posted $0.61 earnings per share.
Several other research firms have also commented on LTXB. Stephens upgraded LegacyTexas Financial Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $48.00 in a research note on Thursday, July 19th. BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Raymond James dropped their target price on LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. Zacks Investment Research upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. Finally, Hovde Group reiterated a “hold” rating and issued a $46.00 target price on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. LegacyTexas Financial Group currently has an average rating of “Hold” and a consensus target price of $48.69.
LegacyTexas Financial Group stock opened at $38.93 on Monday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. LegacyTexas Financial Group has a 52 week low of $35.16 and a 52 week high of $47.18. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.03.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, October 26th. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. This represents a $0.88 annualized dividend and a yield of 2.26%. LegacyTexas Financial Group’s dividend payout ratio is currently 29.36%.
Large investors have recently made changes to their positions in the business. First Citizens Bank & Trust Co. acquired a new stake in LegacyTexas Financial Group during the third quarter worth about $210,000. Capital Fund Management S.A. acquired a new stake in LegacyTexas Financial Group during the second quarter worth about $230,000. WINTON GROUP Ltd acquired a new stake in LegacyTexas Financial Group during the first quarter worth about $234,000. Aperio Group LLC increased its stake in LegacyTexas Financial Group by 19.7% during the second quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in LegacyTexas Financial Group during the second quarter worth about $344,000. Institutional investors own 85.86% 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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