Q4 2017 EPS Estimates for LegacyTexas Financial Group, Inc. (LTXB) Increased by Analyst

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) – DA Davidson upped their Q4 2017 earnings per share estimates for shares of LegacyTexas Financial Group in a research report issued to clients and investors on Thursday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.60.

LTXB has been the topic of several other research reports. Piper Jaffray Companies restated a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Thursday, October 19th. Zacks Investment Research cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Stephens reiterated a “hold” rating and set a $42.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, July 19th. ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. increased their price target on LegacyTexas Financial Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.42.

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LegacyTexas Financial Group (NASDAQ:LTXB) opened at 40.84 on Monday. The firm’s 50-day moving average price is $38.83 and its 200 day moving average price is $37.65. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 19.46 and a beta of 1.17. LegacyTexas Financial Group has a 52-week low of $31.14 and a 52-week high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The company had revenue of $91.10 million for the quarter, compared to analyst estimates of $91.51 million. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 3rd. LegacyTexas Financial Group’s dividend payout ratio is presently 28.30%.

In other news, Director George A. Fisk sold 22,500 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $41.00, for a total transaction of $922,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arcilia Acosta purchased 3,590 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $36.02 per share, for a total transaction of $129,311.80. Following the completion of the transaction, the director now directly owns 26,008 shares in the company, valued at approximately $936,808.16. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in LTXB. Riverhead Capital Management LLC raised its position in shares of LegacyTexas Financial Group by 74.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,195 shares during the period. Victory Capital Management Inc. raised its position in shares of LegacyTexas Financial Group by 15.5% during the 1st quarter. Victory Capital Management Inc. now owns 3,025 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 406 shares during the period. WFG Advisors LP raised its position in shares of LegacyTexas Financial Group by 0.4% during the 2nd quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 13 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of LegacyTexas Financial Group by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 319 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of LegacyTexas Financial Group during the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.

Earnings History and Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)

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