Analysts’ Recent Ratings Changes for LegacyTexas Financial Group (LTXB)

Several analysts have recently updated their ratings and price targets for LegacyTexas Financial Group (NASDAQ: LTXB):

  • 1/7/2019 – LegacyTexas Financial Group was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 1/5/2019 – LegacyTexas Financial Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/3/2019 – LegacyTexas Financial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 12/28/2018 – LegacyTexas Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 12/20/2018 – LegacyTexas Financial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “
  • 12/19/2018 – LegacyTexas Financial Group had its “buy” rating reaffirmed by analysts at Stephens. They now have a $39.00 price target on the stock.
  • 12/7/2018 – LegacyTexas Financial Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/5/2018 – LegacyTexas Financial Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of LTXB stock opened at $35.55 on Friday. LegacyTexas Financial Group Inc has a one year low of $30.18 and a one year high of $47.18. The company has a market capitalization of $1.67 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.02 and a beta of 1.43. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its earnings results on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The business had revenue of $98.89 million for the quarter, compared to analysts’ expectations of $97.73 million. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that LegacyTexas Financial Group Inc will post 2.86 EPS for the current fiscal year.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $39.00, for a total transaction of $156,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group bought a new position in shares of LegacyTexas Financial Group during the 3rd quarter worth approximately $145,000. Quantbot Technologies LP lifted its holdings in shares of LegacyTexas Financial Group by 64.2% in the 3rd quarter. Quantbot Technologies LP now owns 3,769 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,474 shares in the last quarter. Csenge Advisory Group bought a new position in shares of LegacyTexas Financial Group in the 3rd quarter worth $189,000. First Citizens Bank & Trust Co. purchased a new stake in LegacyTexas Financial Group in the 3rd quarter valued at $210,000. Finally, Jane Street Group LLC purchased a new stake in LegacyTexas Financial Group in the 3rd quarter valued at $227,000. Hedge funds and other institutional investors own 86.70% of the company’s stock.

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.

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