LegacyTexas Financial Group Inc. (NASDAQ:LTXB)’s share price fell 2.6% during trading on Friday . The stock traded as low as $28.49 and last traded at $28.55, with a volume of 184,112 shares trading hands. The stock had previously closed at $29.30.

Several research firms have commented on LTXB. Compass Point increased their price objective on shares of LegacyTexas Financial Group from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Raymond James Financial Inc. lowered shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $32.00 to $31.00 in a research report on Thursday, July 21st. They noted that the move was a valuation call. Hovde Group increased their price objective on shares of LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, July 21st. Zacks Investment Research lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, FBR & Co upgraded shares of LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $26.00 to $30.00 in a research report on Wednesday, May 18th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. LegacyTexas Financial Group presently has an average rating of “Buy” and a consensus price target of $30.86.

The company has a market cap of $1.32 billion and a P/E ratio of 16.58. The company has a 50-day moving average of $27.42 and a 200-day moving average of $22.82.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. On average, analysts forecast that LegacyTexas Financial Group Inc. will post $2.00 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.10%. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, July 28th.

A number of large investors recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in shares of LegacyTexas Financial Group by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 60,129 shares of the financial services provider’s stock valued at $1,504,000 after buying an additional 1,800 shares during the last quarter. Comerica Bank raised its stake in shares of LegacyTexas Financial Group by 60.2% in the fourth quarter. Comerica Bank now owns 71,329 shares of the financial services provider’s stock valued at $1,614,000 after buying an additional 26,803 shares during the last quarter. Rhumbline Advisers raised its stake in shares of LegacyTexas Financial Group by 6.8% in the fourth quarter. Rhumbline Advisers now owns 73,294 shares of the financial services provider’s stock valued at $1,834,000 after buying an additional 4,665 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of LegacyTexas Financial Group by 62.7% in the fourth quarter. California Public Employees Retirement System now owns 77,100 shares of the financial services provider’s stock valued at $1,929,000 after buying an additional 29,700 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake 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 valued at $2,208,000 after buying an additional 1,413 shares during 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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