LegacyTexas Financial Group, Inc. (LTXB) To Go Ex-Dividend on November 3rd

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) announced a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Investors of record on Monday, November 6th will be paid a dividend of 0.16 per share by the financial services provider on Monday, November 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.15.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The business had revenue of $91.10 million during 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 business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share.

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Several research analysts recently weighed in on LTXB shares. Zacks Investment Research lowered 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 issued a $42.00 price objective on shares of LegacyTexas Financial Group in a research report on Wednesday, July 19th. BidaskClub upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $44.00 price objective on shares of LegacyTexas Financial Group in a research report on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $46.50 price objective on shares of LegacyTexas Financial Group in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.42.

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

LegacyTexas Financial Group Company Profile

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.

Dividend History for LegacyTexas Financial Group (NASDAQ:LTXB)

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