LSV Asset Management cut its stake in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,100 shares of the financial services provider’s stock after selling 9,600 shares during the quarter. LSV Asset Management owned about 0.11% of LegacyTexas Financial Group worth $1,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LTXB. Bank of Montreal Can grew its position in shares of LegacyTexas Financial Group by 12.7% in the first quarter. Bank of Montreal Can now owns 3,396 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 382 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of LegacyTexas Financial Group by 50.2% in the first quarter. Nationwide Fund Advisors now owns 50,588 shares of the financial services provider’s stock valued at $2,018,000 after purchasing an additional 16,917 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of LegacyTexas Financial Group by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 57,995 shares of the financial services provider’s stock valued at $2,312,000 after purchasing an additional 3,921 shares in the last quarter. First Trust Advisors LP grew its position in shares of LegacyTexas Financial Group by 9.0% in the first quarter. First Trust Advisors LP now owns 148,011 shares of the financial services provider’s stock valued at $5,906,000 after purchasing an additional 12,195 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of LegacyTexas Financial Group by 239.2% in the first quarter. Advisors Asset Management Inc. now owns 11,747 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 8,284 shares in the last quarter. Institutional investors own 82.25% of the company’s stock.

Several brokerages have recently weighed in on LTXB. BidaskClub upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Stephens reissued a “hold” rating and set a $42.00 price objective on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. Finally, ValuEngine lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.10.

In other LegacyTexas Financial Group news, Director Arcilia Acosta purchased 3,590 shares of the business’s stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $36.02 per share, for a total transaction of $129,311.80. Following the purchase, the director now owns 26,008 shares of the company’s stock, valued at approximately $936,808.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

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Shares of LegacyTexas Financial Group, Inc. (LTXB) opened at 38.74 on Friday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 18.46 and a beta of 1.16. LegacyTexas Financial Group, Inc. has a 1-year low of $30.28 and a 1-year high of $44.94. The company’s 50-day moving average price is $36.91 and its 200 day moving average price is $37.79.

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, topping the Zacks’ 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 business had revenue of $88.05 million during the quarter, compared to analyst estimates of $87.93 million. During the same quarter in the prior year, the business posted $0.50 EPS. LegacyTexas Financial Group’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that LegacyTexas Financial Group, Inc. will post $2.20 earnings per share for the current fiscal year.

About LegacyTexas Financial Group

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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