LegacyTexas Financial Group Inc (NASDAQ:LTXB) – Investment analysts at DA Davidson raised their Q4 2018 EPS estimates for LegacyTexas Financial Group in a report released on Wednesday, October 17th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $0.85 per share for the quarter, up from their prior estimate of $0.80. DA Davidson also issued estimates for LegacyTexas Financial Group’s Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.88 EPS and Q4 2019 earnings at $0.87 EPS.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The company had revenue of $98.89 million for the quarter, compared to the consensus estimate of $97.73 million. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 12.44%. During the same quarter last year, the firm posted $0.61 EPS.

A number of other research firms also recently commented on LTXB. Stephens raised shares of LegacyTexas Financial Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $48.00 in a research report on Thursday, July 19th. BidaskClub downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Raymond James cut their target price on shares of LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 21st. Finally, Hovde Group reissued a “hold” rating and set a $46.00 target price on shares of LegacyTexas Financial Group in a research report on Friday, July 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $48.69.

NASDAQ LTXB opened at $40.88 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. LegacyTexas Financial Group has a one year low of $35.16 and a one year high of $47.18.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be given a dividend of $0.22 per share. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, October 26th. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 29.36%.

A number of hedge funds and other institutional investors have recently bought and sold shares of LTXB. First Citizens Bank & Trust Co. purchased a new position in LegacyTexas Financial Group during the 3rd quarter valued at about $210,000. Capital Fund Management S.A. bought a new stake in shares of LegacyTexas Financial Group in the 2nd quarter valued at about $230,000. WINTON GROUP Ltd bought a new stake in shares of LegacyTexas Financial Group in the 1st quarter valued at about $234,000. Aperio Group LLC boosted its holdings in shares of LegacyTexas Financial Group by 19.7% in the 2nd quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock valued at $287,000 after buying an additional 1,211 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of LegacyTexas Financial Group in the 2nd quarter valued at about $344,000. 85.84% of the stock is currently owned by institutional investors and hedge funds.

LegacyTexas Financial Group Company Profile

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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Earnings History and Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)

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