LegacyTexas Financial Group Inc (NASDAQ:LTXB) Director Anthony J. Levecchio sold 6,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $41.76, for a total transaction of $250,560.00. Following the completion of the sale, the director now owns 52,730 shares in the company, valued at approximately $2,202,004.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
LegacyTexas Financial Group Inc (NASDAQ:LTXB) traded down 0.99% on Monday, hitting $41.94. The company had a trading volume of 167,819 shares. The firm has a 50-day moving average price of $42.10 and a 200-day moving average price of $38.09. The firm has a market capitalization of $1.94 billion, a PE ratio of 20.07 and a beta of 1.12. LegacyTexas Financial Group Inc has a 12-month low of $17.83 and a 12-month high of $44.94.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.03. LegacyTexas Financial Group had a net margin of 26.78% and a return on equity of 11.18%. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities research analysts anticipate that LegacyTexas Financial Group Inc will post $2.39 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in LegacyTexas Financial Group during the fourth quarter worth $13,101,000. WFG Advisors LP boosted its stake in LegacyTexas Financial Group by 9.0% in the fourth quarter. WFG Advisors LP now owns 3,413 shares of the financial services provider’s stock worth $160,000 after buying an additional 282 shares during the period. Numeric Investors LLC acquired a new stake in LegacyTexas Financial Group during the fourth quarter worth $698,000. Maltese Capital Management LLC boosted its stake in LegacyTexas Financial Group by 12.3% in the fourth quarter. Maltese Capital Management LLC now owns 34,800 shares of the financial services provider’s stock worth $1,498,000 after buying an additional 3,800 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in LegacyTexas Financial Group by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,510 shares of the financial services provider’s stock worth $969,000 after buying an additional 1,290 shares during the period. Institutional investors and hedge funds own 79.56% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, January 4th. FBR & Co restated a “buy” rating and issued a $46.00 target price on shares of LegacyTexas Financial Group in a research note on Thursday, January 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $36.33.
LegacyTexas Financial Group Company Profile
LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and business community and investing those funds, along with borrowed funds, in commercial real estate loans, secured and unsecured commercial and industrial loans, as well as permanent loans secured by first and second mortgages on one- to four-family residences and consumer loans.
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