LegacyTexas Financial Group Inc. (LTXB) Sees Large Volume Increase
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) shares saw an uptick in trading volume on Tuesday . 250,535 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 202,567 shares.The stock last traded at $30.18 and had previously closed at $30.32.
Several research firms have commented on LTXB. Hovde Group boosted their price target on shares of LegacyTexas Financial Group from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, July 21st. Compass Point boosted their price target on shares of LegacyTexas Financial Group from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Raymond James Financial Inc. downgraded shares of LegacyTexas Financial Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $32.00 to $31.00 in a research note on Thursday, July 21st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, 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 note on Wednesday, May 18th. One investment analyst has rated the stock with a hold rating and eight have issued 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 capitalization of $1.40 billion and a PE ratio of 17.71. The firm’s 50 day moving average price is $29.23 and its 200 day moving average price is $24.50.
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, topping the Zacks’ consensus estimate of $0.44 by $0.06. Equities analysts predict that LegacyTexas Financial Group Inc. will post $2.00 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a dividend of $0.15 per share. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, July 28th.
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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