Q4 2018 Earnings Estimate for LegacyTexas Financial Group Inc (LTXB) Issued By DA Davidson

LegacyTexas Financial Group Inc (NASDAQ:LTXB) – DA Davidson upped their Q4 2018 earnings per share (EPS) estimates for shares of LegacyTexas Financial Group in a report issued on Wednesday, October 17th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.80. DA Davidson also issued estimates for LegacyTexas Financial Group’s Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.88 EPS and Q4 2019 earnings at $0.87 EPS.

LTXB has been the topic of several other reports. Raymond James raised shares of LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 18th. BidaskClub downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Friday. Stephens reaffirmed a “buy” rating and set a $48.00 target price on shares of LegacyTexas Financial Group in a research note on Wednesday. ValuEngine raised shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.50 target price on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $48.69.

Shares of LTXB stock opened at $40.14 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.03. LegacyTexas Financial Group has a one year low of $35.16 and a one year high of $47.18. The company has a market capitalization of $1.98 billion, a PE ratio of 18.41, a P/E/G ratio of 1.46 and a beta of 1.42.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 12.44%. The firm had revenue of $98.89 million for the quarter, compared to analyst estimates of $97.73 million. During the same period in the prior year, the business posted $0.61 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. purchased a new stake in LegacyTexas Financial Group during the 3rd quarter worth approximately $210,000. IMA Wealth Inc. increased its position in shares of LegacyTexas Financial Group by 3.9% in the 3rd quarter. IMA Wealth Inc. now owns 57,615 shares of the financial services provider’s stock valued at $2,454,000 after purchasing an additional 2,176 shares during the last quarter. Bank of Montreal Can increased its position in shares of LegacyTexas Financial Group by 22.2% in the 3rd quarter. Bank of Montreal Can now owns 43,053 shares of the financial services provider’s stock valued at $1,835,000 after purchasing an additional 7,816 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of LegacyTexas Financial Group by 214.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 31,464 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 21,452 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of LegacyTexas Financial Group by 58.0% in the 2nd quarter. California Public Employees Retirement System now owns 78,416 shares of the financial services provider’s stock valued at $3,060,000 after purchasing an additional 28,782 shares during the last quarter. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Monday, October 29th will be paid a dividend of $0.22 per share. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. This represents a $0.88 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, October 26th. LegacyTexas Financial Group’s dividend payout ratio is presently 29.36%.

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.

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Earnings History and Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)

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