Shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) fell 1.9% during mid-day trading on Monday . The stock traded as low as $28.91 and last traded at $28.94, with a volume of 349,563 shares changing hands. The stock had previously closed at $29.50.

Several brokerages have recently issued reports on LTXB. DA Davidson lifted their target price on shares of LegacyTexas Financial Group from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. TheStreet upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Compass Point started coverage on shares of LegacyTexas Financial Group in a research report on Tuesday, June 7th. They set a “buy” rating and a $33.00 price target on the stock. FBR & Co upgraded shares of LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $26.00 to $30.00 in a research report on Wednesday, May 18th. Finally, Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.83.

The company has a 50-day moving average price of $27.02 and a 200 day moving average price of $22.44. The stock has a market cap of $1.33 billion and a P/E ratio of 17.43.

In other news, Director George A. Fisk sold 3,000 shares of the stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $25.00, for a total value of $75,000.00. Following the completion of the transaction, the director now owns 346,841 shares in the company, valued at approximately $8,671,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several institutional investors recently made changes to their positions in the stock. Hodges Capital Management Inc. increased its position in shares of LegacyTexas Financial Group by 5.1% in the fourth quarter. Hodges Capital Management Inc. now owns 1,338,769 shares of the financial services provider’s stock worth $33,496,000 after buying an additional 65,341 shares in the last quarter. Columbia Wanger Asset Management LLC increased its position in shares of LegacyTexas Financial Group by 8.5% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 993,532 shares of the financial services provider’s stock worth $24,858,000 after buying an additional 78,001 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of LegacyTexas Financial Group by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 288,480 shares of the financial services provider’s stock worth $7,218,000 after buying an additional 12,817 shares in the last quarter. First Trust Advisors LP increased its position in shares of LegacyTexas Financial Group by 30.2% in the fourth quarter. First Trust Advisors LP now owns 153,863 shares of the financial services provider’s stock worth $3,850,000 after buying an additional 35,665 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of LegacyTexas Financial Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 88,257 shares of the financial services provider’s stock worth $2,208,000 after buying an additional 1,413 shares in the last quarter.

LegacyTexas Financial Group, Inc, formerly ViewPoint Financial Group Inc, is a stock holding company for its wholly owned subsidiary, LegacyTexas Bank. The Company’s principal business consists of attracting retail deposits from the general public and the 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 owner-occupied, one- to four-family residences and consumer loans.

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