Brokerages Set LegacyTexas Financial Group Inc (LTXB) Price Target at $47.80

LegacyTexas Financial Group Inc (NASDAQ:LTXB) has earned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $47.80.

Several analysts have recently commented on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 price target on shares of LegacyTexas Financial Group in a research report on Thursday, April 19th. UBS Group lowered shares of LegacyTexas Financial Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 18th. Stephens reiterated a “hold” rating and issued a $41.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, April 18th. BidaskClub lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Finally, Raymond James reiterated a “market perform” rating on shares of LegacyTexas Financial Group in a research report on Wednesday, April 18th.

Shares of LegacyTexas Financial Group opened at $39.50 on Monday, according to Marketbeat. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.38 and a beta of 1.36. LegacyTexas Financial Group has a twelve month low of $34.58 and a twelve month high of $46.45. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.19). The business had revenue of $91.51 million during the quarter, compared to analyst estimates of $89.67 million. LegacyTexas Financial Group had a net margin of 23.15% and a return on equity of 11.46%. During the same quarter in the prior year, the company earned $0.37 earnings per share. equities analysts anticipate that LegacyTexas Financial Group will post 2.86 EPS for the current year.

In related news, Director George A. Fisk sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $44.42, for a total transaction of $222,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of LegacyTexas Financial Group by 2.6% during the first quarter. Principal Financial Group Inc. now owns 331,557 shares of the financial services provider’s stock valued at $14,197,000 after buying an additional 8,317 shares during the period. WINTON GROUP Ltd purchased a new position in shares of LegacyTexas Financial Group during the first quarter valued at approximately $234,000. Royal Bank of Canada lifted its stake in shares of LegacyTexas Financial Group by 289.9% during the first quarter. Royal Bank of Canada now owns 536,333 shares of the financial services provider’s stock valued at $22,965,000 after buying an additional 398,768 shares during the period. Legal & General Group Plc lifted its stake in shares of LegacyTexas Financial Group by 1.7% during the first quarter. Legal & General Group Plc now owns 90,064 shares of the financial services provider’s stock valued at $3,849,000 after buying an additional 1,540 shares during the period. Finally, Barclays PLC lifted its stake in shares of LegacyTexas Financial Group by 65.5% during the first quarter. Barclays PLC now owns 14,056 shares of the financial services provider’s stock valued at $602,000 after buying an additional 5,563 shares during the period. 85.42% of the stock is currently owned by institutional investors and hedge funds.

LegacyTexas Financial Group Company Profile

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.

Analyst Recommendations for LegacyTexas Financial Group (NASDAQ:LTXB)

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