Equities research analysts predict that LegacyTexas Financial Group Inc (NASDAQ:LTXB) will post $0.72 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for LegacyTexas Financial Group’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.74. LegacyTexas Financial Group posted earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 94.6%. The company is expected to report its next earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that LegacyTexas Financial Group will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.25. For the next financial year, analysts forecast that the business will report earnings of $3.44 per share, with EPS estimates ranging from $3.27 to $3.52. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for LegacyTexas Financial Group.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). The company had revenue of $87.10 million during the quarter, compared to analyst estimates of $91.99 million. LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. LegacyTexas Financial Group’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share.
In other news, COO Scott A. Almy sold 1,558 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $42.16, for a total transaction of $65,685.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott A. Almy sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,558 shares of company stock valued at $1,166,185 in the last three months. 3.10% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of LegacyTexas Financial Group during the 4th quarter worth $208,000. Csenge Advisory Group acquired a new position in shares of LegacyTexas Financial Group during the 4th quarter worth $206,000. MetLife Investment Advisors LLC acquired a new position in shares of LegacyTexas Financial Group during the 4th quarter worth $889,000. Glenmede Trust Co. NA raised its holdings in shares of LegacyTexas Financial Group by 8.1% during the 4th quarter. Glenmede Trust Co. NA now owns 853,865 shares of the financial services provider’s stock worth $36,039,000 after buying an additional 63,696 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of LegacyTexas Financial Group by 44.1% during the 4th quarter. Millennium Management LLC now owns 208,610 shares of the financial services provider’s stock worth $8,805,000 after buying an additional 63,867 shares in the last quarter. 85.40% of the stock is owned by institutional investors.
LegacyTexas Financial Group (NASDAQ LTXB) opened at $45.53 on Wednesday. The firm has a market capitalization of $2,190.00, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. LegacyTexas Financial Group has a fifty-two week low of $31.50 and a fifty-two week high of $46.45.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is currently 29.36%.
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About LegacyTexas Financial Group
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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