LegacyTexas Financial Group (NASDAQ:LTXB) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other equities analysts have also commented on the company. ValuEngine raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. Zacks Investment Research lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, April 20th. BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Keefe, Bruyette & Woods lowered LegacyTexas Financial Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 18th. Finally, Stephens reaffirmed a “hold” rating and issued a $41.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.00.
Get LegacyTexas Financial Group alerts:Shares of LegacyTexas Financial Group stock opened at $39.02 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.40 and a beta of 1.36. LegacyTexas Financial Group has a 12 month low of $34.58 and a 12 month high of $46.45.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.09). The firm had revenue of $94.78 million for the quarter, compared to analysts’ expectations of $94.05 million. LegacyTexas Financial Group had a net margin of 23.15% and a return on equity of 11.46%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. sell-side analysts anticipate that LegacyTexas Financial Group will post 2.78 EPS for the current year.
In other news, Director George A. Fisk sold 5,000 shares of LegacyTexas Financial Group stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $44.42, for a total value of $222,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of LegacyTexas Financial Group by 289.9% in the 1st quarter. Royal Bank of Canada now owns 536,333 shares of the financial services provider’s stock worth $22,965,000 after purchasing an additional 398,768 shares during the last quarter. Teachers Advisors LLC raised its position in shares of LegacyTexas Financial Group by 0.9% in the 4th quarter. Teachers Advisors LLC now owns 152,669 shares of the financial services provider’s stock worth $6,444,000 after purchasing an additional 1,375 shares during the last quarter. California Public Employees Retirement System raised its position in shares of LegacyTexas Financial Group by 5.8% in the 4th quarter. California Public Employees Retirement System now owns 48,176 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 2,647 shares during the last quarter. Prudential Financial Inc. raised its position in shares of LegacyTexas Financial Group by 2.0% in the 1st quarter. Prudential Financial Inc. now owns 75,722 shares of the financial services provider’s stock worth $3,242,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of LegacyTexas Financial Group in the 4th quarter worth about $205,000. 85.42% of the stock is owned by hedge funds and other institutional investors.
LegacyTexas Financial Group Company Profile
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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