BidaskClub lowered shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a hold rating to a sell rating in a research note released on Friday morning.

A number of other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of LegacyTexas Financial Group from a buy rating to a hold rating in a research report on Thursday, September 13th. Raymond James dropped 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, October 18th. Finally, Stephens reiterated a buy rating and set a $48.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $48.93.

Shares of NASDAQ LTXB opened at $36.07 on Friday. The company has a market capitalization of $1.75 billion, a PE ratio of 16.55, a PEG ratio of 1.27 and a beta of 1.36. LegacyTexas Financial Group has a 52-week low of $34.68 and a 52-week high of $47.18. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.15.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.09. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 12.44%. The company had revenue of $98.89 million for the quarter, compared to the consensus estimate of $97.73 million. During the same quarter in the previous year, the company earned $0.61 EPS. On average, equities research analysts expect that LegacyTexas Financial Group will post 2.83 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, October 26th. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. LegacyTexas Financial Group’s payout ratio is presently 40.37%.

In related news, Director George A. Fisk sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $39.00, for a total transaction of $156,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in LTXB. Rehmann Capital Advisory Group acquired a new position in LegacyTexas Financial Group during the third quarter worth $145,000. Quantbot Technologies LP raised its holdings in LegacyTexas Financial Group by 64.2% during the third quarter. Quantbot Technologies LP now owns 3,769 shares of the financial services provider’s stock worth $160,000 after buying an additional 1,474 shares during the last quarter. Csenge Advisory Group acquired a new position in LegacyTexas Financial Group during the third quarter worth $189,000. First Citizens Bank & Trust Co. acquired a new position in LegacyTexas Financial Group during the third quarter worth $210,000. Finally, Jane Street Group LLC acquired a new position in LegacyTexas Financial Group during the third quarter worth $227,000. Institutional investors own 87.02% 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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