News stories about LegacyTexas Financial Group (NASDAQ:LTXB) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LegacyTexas Financial Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.3583273633086 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several brokerages have issued reports on LTXB. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Stephens reissued a “hold” rating and issued a $42.00 price objective on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. BidaskClub lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $42.00 target price (down from $47.00) on shares of LegacyTexas Financial Group in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.20.
LegacyTexas Financial Group (NASDAQ LTXB) opened at 35.85 on Friday. The stock’s 50 day moving average is $38.10 and its 200-day moving average is $38.73. LegacyTexas Financial Group has a 12 month low of $29.46 and a 12 month high of $44.94. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.08 and a beta of 1.14.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. The firm had revenue of $88.05 million for the quarter, compared to the consensus estimate of $87.93 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts expect that LegacyTexas Financial Group will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, July 27th. LegacyTexas Financial Group’s payout ratio is currently 28.71%.
In related news, Director Anthony J. Levecchio sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the director now directly owns 56,730 shares of the company’s stock, valued at approximately $2,269,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 13,321 shares of company stock worth $528,758. 3.30% of the stock is owned by insiders.
About LegacyTexas Financial Group
LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and business community and investing those funds, along with borrowed funds, in commercial real estate loans, secured and unsecured commercial and industrial loans, as well as permanent loans secured by first and second mortgages on one- to four-family residences and consumer loans.
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