Dynamic Technology Lab Private Ltd Acquires New Stake in LegacyTexas Financial Group Inc (LTXB)

Dynamic Technology Lab Private Ltd acquired a new position in LegacyTexas Financial Group Inc (NASDAQ:LTXB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,689 shares of the financial services provider’s stock, valued at approximately $498,000.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of LegacyTexas Financial Group by 4.8% in the third quarter. BlackRock Inc. now owns 6,607,065 shares of the financial services provider’s stock worth $281,461,000 after purchasing an additional 302,659 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LegacyTexas Financial Group by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,414,324 shares of the financial services provider’s stock worth $94,208,000 after purchasing an additional 54,960 shares in the last quarter. American Century Companies Inc. lifted its position in shares of LegacyTexas Financial Group by 12.0% in the second quarter. American Century Companies Inc. now owns 886,701 shares of the financial services provider’s stock worth $34,599,000 after purchasing an additional 94,678 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of LegacyTexas Financial Group by 2.9% in the second quarter. Glenmede Trust Co. NA now owns 878,769 shares of the financial services provider’s stock worth $34,290,000 after purchasing an additional 24,904 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of LegacyTexas Financial Group by 130.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 877,603 shares of the financial services provider’s stock worth $37,386,000 after purchasing an additional 496,066 shares in the last quarter. 86.70% of the stock is currently owned by institutional investors and hedge funds.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $39.00, for a total transaction of $156,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

LTXB has been the topic of a number of research reports. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. Raymond James cut their price objective on shares of LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. Finally, Stephens reaffirmed a “buy” rating and set a $48.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. LegacyTexas Financial Group presently has an average rating of “Hold” and a consensus price target of $48.93.

NASDAQ LTXB opened at $33.86 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.15. LegacyTexas Financial Group Inc has a 1 year low of $33.02 and a 1 year high of $47.18. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.19 and a beta of 1.36.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 12.44%. The firm had revenue of $98.89 million for the quarter, compared to analyst estimates of $97.73 million. During the same period in the prior year, the firm posted $0.61 earnings per share. Equities research analysts anticipate that LegacyTexas Financial Group Inc will post 2.83 EPS for the current year.

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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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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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