LegacyTexas Financial Group (NASDAQ:LTXB) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities research analysts also recently weighed in on LTXB. Raymond James raised LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 18th. Stephens reissued a “$41.92” rating and set a $41.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, July 18th. Piper Jaffray Companies reissued a “buy” rating and set a $49.50 target price on shares of LegacyTexas Financial Group in a report on Friday, July 20th. Hovde Group reissued a “hold” rating and set a $46.00 target price on shares of LegacyTexas Financial Group in a report on Friday, July 20th. Finally, Zacks Investment Research raised LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.93.

LTXB opened at $40.69 on Thursday. LegacyTexas Financial Group has a fifty-two week low of $35.16 and a fifty-two week high of $47.18. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $2.06 billion, a PE ratio of 18.67, a PEG ratio of 1.54 and a beta of 1.42.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $94.78 million for the quarter, compared to analyst estimates of $94.05 million. During the same period in the prior year, the business posted $0.60 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that LegacyTexas Financial Group will post 2.77 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new position in shares of LegacyTexas Financial Group in the first quarter worth $234,000. Capital Fund Management S.A. bought a new position in shares of LegacyTexas Financial Group in the second quarter worth $230,000. Aperio Group LLC increased its position in shares of LegacyTexas Financial Group by 19.7% in the second quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 1,211 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of LegacyTexas Financial Group in the second quarter worth $344,000. Finally, Profund Advisors LLC increased its position in shares of LegacyTexas Financial Group by 36.7% in the first quarter. Profund Advisors LLC now owns 8,922 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 2,395 shares during the period. Institutional investors own 85.84% of the company’s stock.

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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Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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