BidaskClub upgraded shares of LegacyTexas Financial Group (NASDAQ:LTXB) from a hold rating to a buy rating in a research report released on Friday morning, BidAskClub reports.

Other research analysts also recently issued reports about the company. Raymond James downgraded LegacyTexas Financial Group from an outperform rating to a market perform rating and boosted their target price for the stock from $38.88 to $41.78 in a report on Tuesday, June 18th. DA Davidson downgraded LegacyTexas Financial Group from a buy rating to a neutral rating and set a $43.00 target price on the stock. in a report on Monday, June 17th. Sandler O’Neill downgraded LegacyTexas Financial Group from a buy rating to a hold rating and reduced their target price for the stock from $43.00 to $42.00 in a report on Tuesday, June 18th. Zacks Investment Research downgraded LegacyTexas Financial Group from a hold rating to a sell rating in a report on Tuesday, September 10th. Finally, Piper Jaffray Companies downgraded LegacyTexas Financial Group from an overweight rating to a neutral rating and reduced their target price for the stock from $45.50 to $43.50 in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $42.33.

NASDAQ LTXB opened at $44.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average is $40.86 and its two-hundred day moving average is $39.91. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.40 and a beta of 1.56. LegacyTexas Financial Group has a 1-year low of $30.18 and a 1-year high of $46.72.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.19). The company had revenue of $97.79 million for the quarter, compared to analyst estimates of $99.13 million. LegacyTexas Financial Group had a net margin of 32.39% and a return on equity of 13.08%. On average, analysts predict that LegacyTexas Financial Group will post 3.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, August 2nd. LegacyTexas Financial Group’s payout ratio is currently 34.48%.

In related news, COO Scott A. Almy sold 1,416 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $42.88, for a total value of $60,718.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles D. Eikenberg sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $42.88, for a total transaction of $78,084.48. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of LTXB. Dimensional Fund Advisors LP raised its position in LegacyTexas Financial Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,407,391 shares of the financial services provider’s stock worth $77,253,000 after purchasing an additional 18,586 shares during the last quarter. Geode Capital Management LLC raised its position in LegacyTexas Financial Group by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 533,753 shares of the financial services provider’s stock worth $17,128,000 after purchasing an additional 25,034 shares during the last quarter. Alps Advisors Inc. bought a new position in LegacyTexas Financial Group in the 1st quarter worth approximately $387,000. Rhumbline Advisers raised its position in LegacyTexas Financial Group by 1.2% in the 1st quarter. Rhumbline Advisers now owns 136,070 shares of the financial services provider’s stock worth $5,088,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in LegacyTexas Financial Group by 3.9% in the 1st quarter. Texas Permanent School Fund now owns 30,667 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 1,147 shares during the last quarter. Hedge funds and other institutional investors own 83.09% 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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