LegacyTexas Financial Group Inc. (NASDAQ:LTXB) shares shot up 4.6% during mid-day trading on Friday . The company traded as high as $29.86 and last traded at $29.80, with a volume of 146,701 shares traded. The stock had previously closed at $28.50.

A number of research firms recently issued reports on LTXB. TheStreet upgraded LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. DA Davidson raised their price target on LegacyTexas Financial Group from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Compass Point assumed coverage on LegacyTexas Financial Group in a research note on Tuesday, June 7th. They issued a “buy” rating and a $33.00 price target for the company. FBR & Co upgraded LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $26.00 to $30.00 in a research note on Wednesday, May 18th. Finally, Hovde Group raised their price target on LegacyTexas Financial Group from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, July 21st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.86.

The firm has a market capitalization of $1.37 billion and a P/E ratio of 17.39. The stock’s 50 day moving average price is $27.58 and its 200-day moving average price is $23.01.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Equities analysts anticipate that LegacyTexas Financial Group Inc. will post $2.00 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be paid a $0.15 dividend. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, July 28th.

Several hedge funds and institutional investors have made changes to their positions in LTXB. 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. Hodges Capital Management Inc. increased its position in 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 during the period. Principal Financial Group Inc. increased its position in 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 during the period. Broadview Advisors LLC increased its position in LegacyTexas Financial Group by 89.8% in the fourth quarter. Broadview Advisors LLC now owns 253,189 shares of the financial services provider’s stock worth $6,335,000 after buying an additional 119,778 shares during the period. Finally, New York State Common Retirement Fund increased its position in 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 period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.