Monarch Partners Asset Management LLC Has $20.78 Million Holdings in LegacyTexas Financial Group Inc (LTXB)
Monarch Partners Asset Management LLC raised its position in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 492,250 shares of the financial services provider’s stock after buying an additional 39,750 shares during the quarter. LegacyTexas Financial Group comprises 1.9% of Monarch Partners Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Monarch Partners Asset Management LLC’s holdings in LegacyTexas Financial Group were worth $20,778,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of LegacyTexas Financial Group during the second quarter worth $344,000. Comerica Bank increased its position in shares of LegacyTexas Financial Group by 46.7% during the third quarter. Comerica Bank now owns 194,553 shares of the financial services provider’s stock worth $7,784,000 after acquiring an additional 61,932 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of LegacyTexas Financial Group by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 36,970 shares of the financial services provider’s stock worth $1,410,000 after acquiring an additional 2,763 shares during the period. Trexquant Investment LP purchased a new stake in shares of LegacyTexas Financial Group during the third quarter worth $328,000. Finally, BlackRock Inc. increased its position in shares of LegacyTexas Financial Group by 1.2% during the second quarter. BlackRock Inc. now owns 5,253,280 shares of the financial services provider’s stock worth $200,307,000 after acquiring an additional 60,572 shares during the period. 84.55% of the stock is currently owned by institutional investors and hedge funds.
LegacyTexas Financial Group Inc (LTXB) opened at $45.00 on Friday. The company has a market capitalization of $2,119.09 and a price-to-earnings ratio of 20.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. LegacyTexas Financial Group Inc has a twelve month low of $31.50 and a twelve month high of $46.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, February 2nd. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 33.86%.
In other LegacyTexas Financial Group news, EVP Charles D. Eikenberg sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $44.18, for a total value of $220,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George A. Fisk sold 22,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total transaction of $945,000.00. The disclosure for this sale can be found here. Insiders sold 32,500 shares of company stock worth $1,380,900 in the last three months. 3.10% of the stock is currently owned by corporate insiders.
LTXB has been the topic of a number of recent research reports. Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, October 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. SunTrust Banks increased their target price on LegacyTexas Financial Group from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Stephens reissued a “hold” rating and issued a $46.00 target price on shares of LegacyTexas Financial Group in a report on Thursday, January 25th. Finally, DA Davidson increased their target price on LegacyTexas Financial Group to $53.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. LegacyTexas Financial Group has an average rating of “Buy” and a consensus price target of $47.79.
COPYRIGHT VIOLATION WARNING: This story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/02/02/monarch-partners-asset-management-llc-has-20-78-million-holdings-in-legacytexas-financial-group-inc-ltxb.html.
LegacyTexas Financial Group 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.
Want to see what other hedge funds are holding LTXB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LegacyTexas Financial Group Inc (NASDAQ:LTXB).
Receive News & Ratings for LegacyTexas Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.