King Luther Capital Management Corp boosted its position in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,435 shares of the financial services provider’s stock after acquiring an additional 23,815 shares during the period. King Luther Capital Management Corp owned 0.23% of LegacyTexas Financial Group worth $4,448,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in LegacyTexas Financial Group by 140.6% during the second quarter. US Bancorp DE now owns 15,530 shares of the financial services provider’s stock worth $592,000 after buying an additional 9,076 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in LegacyTexas Financial Group by 436.1% during the second quarter. Russell Investments Group Ltd. now owns 68,890 shares of the financial services provider’s stock worth $2,626,000 after buying an additional 56,040 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in LegacyTexas Financial Group by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,840 shares of the financial services provider’s stock worth $375,000 after buying an additional 340 shares during the last quarter. NGAM Advisors L.P. bought a new position in LegacyTexas Financial Group during the second quarter worth about $1,100,000. Finally, Great West Life Assurance Co. Can boosted its holdings in LegacyTexas Financial Group by 3.4% during the second quarter. Great West Life Assurance Co. Can now owns 59,995 shares of the financial services provider’s stock worth $2,286,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.
In other news, Director George A. Fisk sold 22,500 shares of LegacyTexas Financial Group stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total transaction of $945,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Greg Wilkinson sold 5,000 shares of LegacyTexas Financial Group stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $2,082,500 in the last quarter. 3.10% of the stock is currently owned by company insiders.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The business had revenue of $91.10 million for the quarter, compared to analysts’ expectations of $91.51 million. During the same quarter in the previous year, the business posted $0.60 EPS. LegacyTexas Financial Group’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts forecast that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, November 3rd. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. LegacyTexas Financial Group’s payout ratio is 30.19%.
LTXB has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, October 6th. ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Piper Jaffray Companies restated a “buy” rating and set a $46.50 target price on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. Finally, SunTrust Banks restated a “buy” rating and set a $44.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. LegacyTexas Financial Group has a consensus rating of “Hold” and a consensus target price of $44.75.
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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.
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