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

A number of research firms have commented on LTXB. TheStreet raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Saturday, April 23rd. DA Davidson raised their target price on LegacyTexas Financial Group from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Compass Point began coverage on LegacyTexas Financial Group in a report on Tuesday, June 7th. They issued a “buy” rating and a $33.00 target price for the company. Finally, Hovde Group raised their target price on LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, July 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. LegacyTexas Financial Group presently has an average rating of “Buy” and an average target price of $30.86.

The stock has a market capitalization of $1.32 billion and a price-to-earnings ratio of 16.68. The stock 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 data on Tuesday, July 19th. The financial services provider reported $0.50 EPS for the quarter, topping the Zacks’ 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 disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.10%. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.14.

Other hedge funds and institutional investors recently modified their holdings of the company. New York State Common Retirement Fund increased its position 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 worth $1,504,000 after buying an additional 1,800 shares during the last quarter. Comerica Bank increased its position 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 worth $1,614,000 after buying an additional 26,803 shares during the last quarter. Rhumbline Advisers increased its position 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 worth $1,834,000 after buying an additional 4,665 shares during the last quarter. California Public Employees Retirement System increased its position 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 worth $1,929,000 after buying an additional 29,700 shares during 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 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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