Creative Planning Buys Shares of 9,558 LegacyTexas Financial Group Inc (LTXB)

Creative Planning bought a new stake in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,558 shares of the financial services provider’s stock, valued at approximately $403,000.

A number of other large investors have also bought and sold shares of LTXB. Phocas Financial Corp. purchased a new stake in shares of LegacyTexas Financial Group during the second quarter worth about $9,212,000. Westwood Holdings Group Inc. grew its holdings in shares of LegacyTexas Financial Group by 46.3% during the second quarter. Westwood Holdings Group Inc. now owns 528,607 shares of the financial services provider’s stock worth $20,156,000 after buying an additional 167,230 shares in the last quarter. State Street Corp grew its holdings in shares of LegacyTexas Financial Group by 6.5% during the second quarter. State Street Corp now owns 1,551,238 shares of the financial services provider’s stock worth $59,150,000 after buying an additional 94,017 shares in the last quarter. Comerica Bank grew its holdings in shares of LegacyTexas Financial Group by 46.7% during the third quarter. Comerica Bank now owns 194,553 shares of the financial services provider’s stock worth $7,784,000 after buying an additional 61,932 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of LegacyTexas Financial Group by 1.2% during the second quarter. BlackRock Inc. now owns 5,253,280 shares of the financial services provider’s stock worth $200,307,000 after buying an additional 60,572 shares in the last quarter. Hedge funds and other institutional investors own 84.55% of the company’s stock.

A number of equities research analysts have recently commented on LTXB shares. Piper Jaffray Companies reiterated a “buy” rating and set a $46.50 price target on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. SunTrust Banks lifted their price target on shares of LegacyTexas Financial Group from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Stephens restated a “hold” rating and issued a $46.00 target price on shares of LegacyTexas Financial Group in a report on Thursday, January 25th. Finally, DA Davidson boosted their target price on shares of LegacyTexas Financial Group to $53.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. LegacyTexas Financial Group presently has an average rating of “Buy” and an average price target of $47.79.

Shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) opened at $44.37 on Friday. LegacyTexas Financial Group Inc has a twelve month low of $31.50 and a twelve month high of $46.45. The stock has a market cap of $2,165.28, a P/E ratio of 23.48, a P/E/G ratio of 1.42 and a beta of 1.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 1.16.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. The company had revenue of $87.10 million during the quarter, compared to analysts’ expectations of $91.99 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. LegacyTexas Financial Group’s revenue for the quarter was up .9% compared to the same quarter last year. equities analysts anticipate that LegacyTexas Financial Group Inc will post 3.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be issued a $0.16 dividend. The ex-dividend date is Friday, February 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%. LegacyTexas Financial Group’s payout ratio is 33.86%.

In other LegacyTexas Financial Group news, EVP Charles D. Eikenberg sold 5,000 shares of LegacyTexas Financial Group stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $44.18, for a total transaction of $220,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George A. Fisk sold 22,500 shares of LegacyTexas Financial Group stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total transaction of $945,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,500 shares of company stock valued at $1,380,900. 3.10% of the stock is owned by 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.

Want to see what other hedge funds are holding LTXB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LegacyTexas Financial Group Inc (NASDAQ:LTXB).

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

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