LegacyTexas Financial Group (LTXB) Downgraded by BidaskClub to Sell

BidaskClub lowered shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Several other research firms have also commented on LTXB. ValuEngine raised LegacyTexas Financial Group from a hold rating to a buy rating in a report on Friday, April 6th. Zacks Investment Research lowered LegacyTexas Financial Group from a strong-buy rating to a hold rating in a report on Wednesday, February 14th. Raymond James reaffirmed a market perform rating on shares of LegacyTexas Financial Group in a report on Wednesday, April 18th. UBS Group lowered LegacyTexas Financial Group from an outperform rating to a market perform rating in a report on Wednesday, April 18th. Finally, Piper Jaffray Companies reiterated a buy rating and set a $48.00 price target on shares of LegacyTexas Financial Group in a research report on Thursday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $48.00.

LegacyTexas Financial Group opened at $42.62 on Wednesday, MarketBeat reports. The stock has a market cap of $2.08 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.49 and a beta of 1.29. LegacyTexas Financial Group has a 52 week low of $34.58 and a 52 week high of $46.45. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, April 17th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.19). The company had revenue of $91.51 million for the quarter, compared to analyst estimates of $89.67 million. LegacyTexas Financial Group had a return on equity of 11.46% and a net margin of 23.15%. During the same period last year, the business earned $0.37 earnings per share. research analysts anticipate that LegacyTexas Financial Group will post 2.89 earnings per share for the current fiscal year.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $44.42, for a total transaction of $222,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Leucadia National Corp purchased a new position in LegacyTexas Financial Group during the fourth quarter worth approximately $205,000. Raymond James Financial Services Advisors Inc. purchased a new position in LegacyTexas Financial Group during the fourth quarter worth approximately $205,000. Csenge Advisory Group purchased a new position in LegacyTexas Financial Group during the fourth quarter worth approximately $206,000. Xact Kapitalforvaltning AB purchased a new position in LegacyTexas Financial Group during the fourth quarter worth approximately $208,000. Finally, WINTON GROUP Ltd purchased a new position in LegacyTexas Financial Group during the first quarter worth approximately $234,000. Institutional investors own 85.42% of the company’s stock.

LegacyTexas Financial Group Company Profile

LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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