LegacyTexas Financial Group (LTXB) Receives News Sentiment Rating of 0.04
News coverage about LegacyTexas Financial Group (NASDAQ:LTXB) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LegacyTexas Financial Group earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.012984458166 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages recently commented on LTXB. Zacks Investment Research downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Friday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $46.50 price target on shares of LegacyTexas Financial Group in a research report on Thursday, October 19th. ValuEngine downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. SunTrust Banks, Inc. increased their price target on LegacyTexas Financial Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub downgraded LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. LegacyTexas Financial Group currently has an average rating of “Hold” and an average target price of $44.42.
Shares of LegacyTexas Financial Group (NASDAQ LTXB) opened at $37.75 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1,806.79, a P/E ratio of 17.83, a P/E/G ratio of 1.43 and a beta of 1.23. LegacyTexas Financial Group has a 52-week low of $31.50 and a 52-week high of $44.94.
LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The business had revenue of $91.10 million during the quarter, compared to the consensus estimate of $91.51 million. During the same period last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts anticipate that LegacyTexas Financial Group will post 2.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a $0.16 dividend. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, November 3rd. LegacyTexas Financial Group’s dividend payout ratio (DPR) is currently 30.19%.
In other LegacyTexas Financial Group news, Director George A. Fisk sold 22,500 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $41.00, for a total value of $922,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arcilia Acosta bought 3,590 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was purchased at an average cost of $36.02 per share, with a total value of $129,311.80. Following the completion of the transaction, the director now directly owns 26,008 shares of the company’s stock, valued at $936,808.16. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.
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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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