LegacyTexas Financial Group (LTXB) Getting Somewhat Favorable Press Coverage, Report Shows

Media coverage about LegacyTexas Financial Group (NASDAQ:LTXB) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LegacyTexas Financial Group earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.5661566053907 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

LegacyTexas Financial Group (NASDAQ:LTXB) opened at $42.44 on Thursday. LegacyTexas Financial Group has a 52-week low of $31.50 and a 52-week high of $44.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $2,049.87, a P/E ratio of 20.22, a P/E/G ratio of 1.62 and a beta of 1.24.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The company had revenue of $91.10 million during the quarter, compared to analyst estimates of $91.51 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts forecast that LegacyTexas Financial Group will post 2.2 earnings per share for the current year.

A number of research analysts have recently commented on LTXB shares. Zacks Investment Research cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. SunTrust Banks restated a “buy” rating and issued a $44.00 target price on shares of LegacyTexas Financial Group in a research note on Wednesday, October 4th. Piper Jaffray Companies restated a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research note on Thursday, October 19th. Finally, ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $44.75.

In other LegacyTexas Financial Group news, Director Greg Wilkinson sold 5,000 shares of LegacyTexas Financial Group stock in a transaction on Monday, December 4th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George A. Fisk sold 22,500 shares of LegacyTexas Financial Group stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total value of $945,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,000 shares of company stock valued at $2,082,500. 3.10% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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