LegacyTexas Financial Group, Inc. (LTXB) Director Sells $215,000.00 in Stock

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Director Greg Wilkinson sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at $41.38 on Friday. LegacyTexas Financial Group, Inc. has a one year low of $31.50 and a one year high of $44.94. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1,973.97, a P/E ratio of 19.47, a PEG ratio of 1.56 and a beta of 1.24.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 10.85%. The company had revenue of $91.10 million for the quarter, compared to the consensus estimate of $91.51 million. During the same period last year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. sell-side analysts anticipate that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a $0.16 dividend. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, November 3rd. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 30.19%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Monarch Partners Asset Management LLC acquired a new stake in LegacyTexas Financial Group during the 2nd quarter worth approximately $15,202,000. Balyasny Asset Management LLC acquired a new stake in LegacyTexas Financial Group during the 2nd quarter worth approximately $10,648,000. Phocas Financial Corp. acquired a new stake in LegacyTexas Financial Group during the 2nd quarter worth approximately $9,212,000. Kennedy Capital Management Inc. boosted its position in LegacyTexas Financial Group by 47.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 609,203 shares of the financial services provider’s stock worth $23,229,000 after buying an additional 196,209 shares during the period. Finally, Stieven Capital Advisors L.P. acquired a new stake in LegacyTexas Financial Group during the 2nd quarter worth approximately $7,229,000. Institutional investors own 84.45% of the company’s stock.

Several equities analysts have commented on the stock. SunTrust Banks reissued a “buy” rating and issued a $47.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, November 29th. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, October 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. Finally, ValuEngine lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.75.

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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.

Insider Buying and Selling by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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