Virtu Financial LLC bought a new position in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,938 shares of the financial services provider’s stock, valued at approximately $636,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in LegacyTexas Financial Group by 11,904.5% during the second quarter. Victory Capital Management Inc. now owns 870,446 shares of the financial services provider’s stock worth $33,965,000 after buying an additional 863,195 shares during the last quarter. BlackRock Inc. raised its holdings in LegacyTexas Financial Group by 11.6% during the second quarter. BlackRock Inc. now owns 6,304,406 shares of the financial services provider’s stock worth $245,999,000 after buying an additional 655,464 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in LegacyTexas Financial Group by 130.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 877,603 shares of the financial services provider’s stock worth $37,386,000 after buying an additional 496,066 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in LegacyTexas Financial Group by 47.1% during the third quarter. Hodges Capital Management Inc. now owns 795,671 shares of the financial services provider’s stock worth $33,896,000 after buying an additional 254,907 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in LegacyTexas Financial Group during the second quarter worth $9,219,000. 87.02% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on LTXB shares. BidaskClub upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James lowered their price objective on shares of LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. Finally, Stephens restated a “buy” rating and set a $48.00 price objective on shares of LegacyTexas Financial Group in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.93.
Shares of LTXB stock opened at $36.07 on Friday. The stock has a market capitalization of $1.75 billion, a PE ratio of 16.55, a PEG ratio of 1.27 and a beta of 1.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.15 and a quick ratio of 1.15. LegacyTexas Financial Group Inc has a one year low of $34.68 and a one year high of $47.18.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its earnings results on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The company had revenue of $98.89 million during the quarter, compared to the consensus estimate of $97.73 million. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 12.44%. During the same quarter in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts anticipate that LegacyTexas Financial Group Inc will post 2.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, October 29th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, October 26th. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. LegacyTexas Financial Group’s dividend payout ratio is currently 40.37%.
In other news, Director George A. Fisk sold 4,000 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $39.00, for a total value of $156,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company’s stock.
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About LegacyTexas Financial Group
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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