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

Several research firms recently commented on LTXB. Raymond James Financial Inc. cut LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and dropped 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 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. Compass Point increased their price objective on LegacyTexas Financial Group from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, July 6th. Finally, FBR & Co raised 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.86.

The firm has a market cap of $1.37 billion and a P/E ratio of 17.39. The stock’s 50 day moving average is $27.67 and its 200 day moving average is $23.06.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ 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 company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.60 annualized dividend and a yield of 2.02%. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.14.

A number of hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in 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 increased its stake in 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. Comerica Bank increased its stake in 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. New York State Common Retirement Fund increased its stake 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 valued at $1,504,000 after buying an additional 1,800 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake 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 valued at $7,218,000 after buying an additional 12,817 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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