Alps Advisors Inc. purchased a new stake in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,539 shares of the financial services provider’s stock, valued at approximately $529,000.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of LegacyTexas Financial Group by 289.9% during the 1st quarter. Royal Bank of Canada now owns 536,333 shares of the financial services provider’s stock valued at $22,965,000 after acquiring an additional 398,768 shares in the last quarter. Prudential Financial Inc. raised its position in shares of LegacyTexas Financial Group by 2.0% during the 1st quarter. Prudential Financial Inc. now owns 75,722 shares of the financial services provider’s stock valued at $3,242,000 after acquiring an additional 1,520 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of LegacyTexas Financial Group by 5.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 442,298 shares of the financial services provider’s stock valued at $18,939,000 after acquiring an additional 21,329 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of LegacyTexas Financial Group by 3.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 221,941 shares of the financial services provider’s stock valued at $9,504,000 after acquiring an additional 6,449 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of LegacyTexas Financial Group by 26.5% during the 1st quarter. GSA Capital Partners LLP now owns 18,304 shares of the financial services provider’s stock valued at $784,000 after acquiring an additional 3,829 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LTXB opened at $46.45 on Friday. LegacyTexas Financial Group Inc has a 1-year low of $34.77 and a 1-year high of $47.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.68 and a beta of 1.40.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its earnings results on Tuesday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). LegacyTexas Financial Group had a return on equity of 11.24% and a net margin of 22.39%. The company had revenue of $94.78 million during the quarter, compared to analyst estimates of $94.05 million. During the same period in the prior year, the business earned $0.60 earnings per share. LegacyTexas Financial Group’s quarterly revenue was up 7.6% on a year-over-year basis. sell-side analysts anticipate that LegacyTexas Financial Group Inc will post 2.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Monday, July 30th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, July 27th. LegacyTexas Financial Group’s dividend payout ratio is presently 29.36%.

Several equities research analysts have weighed in on LTXB shares. Stephens reaffirmed a “$41.92” rating and issued a $41.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, July 18th. ValuEngine raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.50 target price on shares of LegacyTexas Financial Group in a research report on Friday, July 20th. BidaskClub lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. Finally, Zacks Investment Research raised LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 21st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.93.

About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.

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

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