Tdam USA Inc. reduced its stake in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 13,702 shares of the financial services provider’s stock after selling 1,242 shares during the period. Tdam USA Inc.’s holdings in LegacyTexas Financial Group were worth $522,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in LegacyTexas Financial Group by 45,542.2% in the first quarter. BlackRock Inc. now owns 5,192,708 shares of the financial services provider’s stock worth $207,189,000 after buying an additional 5,181,331 shares in the last quarter. Vanguard Group Inc. raised its position in LegacyTexas Financial Group by 7.9% in the first quarter. Vanguard Group Inc. now owns 4,003,577 shares of the financial services provider’s stock worth $159,743,000 after buying an additional 294,036 shares in the last quarter. Neuberger Berman Group LLC raised its position in LegacyTexas Financial Group by 3.0% in the first quarter. Neuberger Berman Group LLC now owns 3,560,650 shares of the financial services provider’s stock worth $142,070,000 after buying an additional 104,995 shares in the last quarter. State Street Corp raised its position in LegacyTexas Financial Group by 12.5% in the first quarter. State Street Corp now owns 1,457,221 shares of the financial services provider’s stock worth $58,147,000 after buying an additional 162,202 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its position in LegacyTexas Financial Group by 4.2% in the second quarter. Hodges Capital Management Inc. now owns 844,999 shares of the financial services provider’s stock worth $32,220,000 after buying an additional 33,768 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.

LegacyTexas Financial Group, Inc. (LTXB) opened at 37.97 on Thursday. LegacyTexas Financial Group, Inc. has a 1-year low of $29.00 and a 1-year high of $44.94. The firm has a 50-day moving average price of $38.17 and a 200-day moving average price of $38.97. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 18.09 and a beta of 1.14.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The company had revenue of $88.05 million for the quarter, compared to analyst estimates of $87.93 million. During the same quarter last year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect that LegacyTexas Financial Group, Inc. will post $2.20 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a $0.15 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. LegacyTexas Financial Group’s payout ratio is 28.71%.

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A number of equities analysts have commented on LTXB shares. Piper Jaffray Companies reissued an “overweight” rating and issued a $42.00 price objective (down previously from $47.00) on shares of LegacyTexas Financial Group in a research note on Saturday, April 22nd. Zacks Investment Research lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Stephens lowered LegacyTexas Financial Group from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Wednesday, April 19th. BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods raised LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $45.00 to $43.00 in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. LegacyTexas Financial Group presently has a consensus rating of “Hold” and a consensus target price of $44.20.

In other news, Director Anthony J. Levecchio sold 12,000 shares of LegacyTexas Financial Group stock in a transaction on Friday, June 9th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the transaction, the director now owns 56,730 shares in the company, valued at approximately $2,269,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 13,321 shares of company stock worth $528,758. Corporate insiders own 3.30% of the company’s stock.

LegacyTexas Financial Group Company Profile

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and 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 one- to four-family residences and consumer loans.

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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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