LegacyTexas Financial Group, Inc. (LTXB) Holdings Lessened by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 30.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,722 shares of the financial services provider’s stock after selling 35,067 shares during the period. First Trust Advisors LP owned about 0.16% of LegacyTexas Financial Group worth $3,143,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. WFG Advisors LP boosted its position in shares of LegacyTexas Financial Group by 0.4% during the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock valued at $121,000 after buying an additional 13 shares during the period. Alps Advisors Inc. boosted its position in shares of LegacyTexas Financial Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,431 shares of the financial services provider’s stock valued at $436,000 after buying an additional 29 shares during the period. Pinebridge Investments L.P. boosted its position in shares of LegacyTexas Financial Group by 0.7% during the second quarter. Pinebridge Investments L.P. now owns 28,134 shares of the financial services provider’s stock valued at $1,072,000 after buying an additional 185 shares during the period. Advisors Asset Management Inc. boosted its position in shares of LegacyTexas Financial Group by 1.7% during the second quarter. Advisors Asset Management Inc. now owns 11,941 shares of the financial services provider’s stock valued at $455,000 after buying an additional 194 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of LegacyTexas Financial Group by 1.0% during the second quarter. Texas Permanent School Fund now owns 30,451 shares of the financial services provider’s stock valued at $1,161,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 81.65% of the company’s stock.

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LTXB has been the subject of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $46.50 target price on shares of LegacyTexas Financial Group in a research report on Friday, August 25th. SunTrust Banks, Inc. boosted their target price on LegacyTexas Financial Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, October 6th. ValuEngine lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. LegacyTexas Financial Group currently has an average rating of “Hold” and an average target price of $44.42.

In other news, Director Arcilia Acosta purchased 3,590 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average price of $36.02 per share, for a total transaction of $129,311.80. Following the completion of the acquisition, the director now owns 26,008 shares of the company’s stock, valued at $936,808.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George A. Fisk sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $41.00, for a total value of $922,500.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at $38.81 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $1,823.60, a P/E ratio of 17.99, a P/E/G ratio of 1.44 and a beta of 1.23. LegacyTexas Financial Group, Inc. has a twelve month low of $31.50 and a twelve month high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced 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 firm 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%. LegacyTexas Financial Group’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. research analysts expect that LegacyTexas Financial Group, Inc. will post 2.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.16 dividend. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.65%. LegacyTexas Financial Group’s payout ratio is presently 30.19%.

LegacyTexas Financial Group 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.

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

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