US Bancorp DE Reduces Holdings in LegacyTexas Financial Group Inc (NASDAQ:LTXB)

US Bancorp DE lowered its position in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 73.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,196 shares of the financial services provider’s stock after selling 11,446 shares during the period. US Bancorp DE’s holdings in LegacyTexas Financial Group were worth $170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its stake in shares of LegacyTexas Financial Group by 26.8% during the first quarter. Westwood Holdings Group Inc. now owns 842,785 shares of the financial services provider’s stock valued at $31,512,000 after purchasing an additional 178,237 shares during the period. Northern Trust Corp increased its stake in shares of LegacyTexas Financial Group by 15.1% in the second quarter. Northern Trust Corp now owns 735,567 shares of the financial services provider’s stock worth $29,944,000 after buying an additional 96,714 shares during the last quarter. ARP Americas LP bought a new stake in shares of LegacyTexas Financial Group in the second quarter worth $24,940,000. Geode Capital Management LLC increased its stake in shares of LegacyTexas Financial Group by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 533,753 shares of the financial services provider’s stock worth $17,128,000 after buying an additional 25,034 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of LegacyTexas Financial Group by 7.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 300,732 shares of the financial services provider’s stock worth $12,243,000 after buying an additional 20,432 shares during the last quarter. Institutional investors own 82.55% of the company’s stock.

In other news, COO Scott A. Almy sold 1,416 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $42.88, for a total transaction of $60,718.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles D. Eikenberg sold 1,821 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $42.88, for a total transaction of $78,084.48. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

A number of brokerages recently issued reports on LTXB. Raymond James lowered shares of LegacyTexas Financial Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $38.88 to $41.78 in a research note on Tuesday, June 18th. DA Davidson lowered shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research note on Monday, June 17th. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 21st. Piper Jaffray Companies lowered shares of LegacyTexas Financial Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $45.50 to $43.50 in a research note on Tuesday, June 18th. Finally, Sandler O’Neill lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $43.00 to $42.00 in a research note on Tuesday, June 18th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.33.

Shares of NASDAQ:LTXB traded down $0.04 during midday trading on Thursday, reaching $42.21. The company had a trading volume of 8,364 shares, compared to its average volume of 353,815. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.22 and a quick ratio of 1.21. The stock’s fifty day moving average price is $41.56 and its 200-day moving average price is $40.17. The stock has a market capitalization of $2.14 billion, a P/E ratio of 14.53 and a beta of 1.54. LegacyTexas Financial Group Inc has a one year low of $30.18 and a one year high of $44.22.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.19). LegacyTexas Financial Group had a net margin of 32.39% and a return on equity of 13.08%. The business had revenue of $97.79 million for the quarter, compared to the consensus estimate of $99.13 million. As a group, sell-side analysts forecast that LegacyTexas Financial Group Inc will post 3.14 earnings per share for the current year.

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

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