LegacyTexas Financial Group (LTXB) Hits New 52-Week Low at $34.68

LegacyTexas Financial Group Inc (NASDAQ:LTXB) shares hit a new 52-week low on Thursday . The stock traded as low as $34.68 and last traded at $35.91, with a volume of 8942 shares trading hands. The stock had previously closed at $36.11.

Several research analysts recently weighed in on LTXB shares. Stephens reissued a “buy” rating and issued a $48.00 target price on shares of LegacyTexas Financial Group in a research note on Wednesday, October 17th. ValuEngine raised shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Raymond James cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.93.

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The company has a market cap of $1.75 billion, a P/E ratio of 16.56, a PEG ratio of 1.28 and a beta of 1.36.



LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ 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 company had revenue of $98.89 million during the quarter, compared to the consensus estimate of $97.73 million. During the same quarter in the prior year, the company posted $0.61 EPS. On average, research analysts predict that LegacyTexas Financial Group Inc will post 2.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, October 29th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, October 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. LegacyTexas Financial Group’s dividend payout ratio is currently 40.37%.

In other news, Director George A. Fisk sold 4,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in shares of LegacyTexas Financial Group by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 233,708 shares of the financial services provider’s stock valued at $9,120,000 after acquiring an additional 11,767 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of LegacyTexas Financial Group by 428.2% during the 2nd quarter. SG Americas Securities LLC now owns 31,014 shares of the financial services provider’s stock worth $1,210,000 after purchasing an additional 25,142 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of LegacyTexas Financial Group by 2.3% during the 2nd 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 during the period. Bank of America Corp DE grew its holdings in shares of LegacyTexas Financial Group by 11.8% during the 2nd quarter. Bank of America Corp DE now owns 463,374 shares of the financial services provider’s stock worth $18,081,000 after purchasing an additional 48,757 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of LegacyTexas Financial Group by 214.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 31,464 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 21,452 shares during the period. 87.02% of the stock is owned by institutional investors.

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LegacyTexas Financial Group Company Profile (NASDAQ:LTXB)

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.

Further Reading: What does cost of debt say about a company’s financial health?

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