LegacyTexas Financial Group, Inc. (LTXB) Stake Lowered by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its stake in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,620 shares of the financial services provider’s stock after selling 43,040 shares during the quarter. King Luther Capital Management Corp owned approximately 0.19% of LegacyTexas Financial Group worth $3,341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of LegacyTexas Financial Group by 45,542.2% in the 1st quarter. BlackRock Inc. now owns 5,192,708 shares of the financial services provider’s stock valued at $207,189,000 after buying an additional 5,181,331 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of LegacyTexas Financial Group by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 4,003,577 shares of the financial services provider’s stock valued at $159,743,000 after buying an additional 294,036 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of LegacyTexas Financial Group by 3.0% in the 1st quarter. Neuberger Berman Group LLC now owns 3,560,650 shares of the financial services provider’s stock valued at $142,070,000 after buying an additional 104,995 shares during the last quarter. State Street Corp boosted its holdings in shares of LegacyTexas Financial Group by 12.5% in the 1st quarter. State Street Corp now owns 1,457,221 shares of the financial services provider’s stock valued at $58,147,000 after buying an additional 162,202 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of LegacyTexas Financial Group by 4.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 844,999 shares of the financial services provider’s stock valued at $32,220,000 after buying an additional 33,768 shares during the last quarter. 82.25% of the stock is owned by institutional investors.

In related news, Director Arcilia Acosta acquired 3,590 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $36.02 per share, for a total transaction of $129,311.80. Following the purchase, the director now owns 26,008 shares in the company, valued at approximately $936,808.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Several equities research analysts have recently commented on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $46.50 price objective on shares of LegacyTexas Financial Group in a report on Friday, August 25th. BidaskClub cut LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Stephens restated a “hold” rating and issued a $42.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. Finally, ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.10.

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LegacyTexas Financial Group, Inc. (NASDAQ LTXB) opened at 36.86 on Friday. The firm’s 50-day moving average price is $36.96 and its 200 day moving average price is $37.94. LegacyTexas Financial Group, Inc. has a 52-week low of $30.28 and a 52-week high of $44.94. The company has a market cap of $1.71 billion, a PE ratio of 17.56 and a beta of 1.16.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The firm had revenue of $88.05 million for the quarter, compared to analysts’ expectations of $87.93 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts predict that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current fiscal year.

LegacyTexas Financial Group 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.

Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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