LegacyTexas Financial Group, Inc. (LTXB) Director Sells $215,000.00 in Stock

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Director Greg Wilkinson sold 5,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

LegacyTexas Financial Group, Inc. (LTXB) traded down $1.67 during trading on Tuesday, hitting $41.36. The company had a trading volume of 500,433 shares, compared to its average volume of 255,462. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.15 and a quick ratio of 1.15. LegacyTexas Financial Group, Inc. has a 12 month low of $31.50 and a 12 month high of $44.94. The stock has a market capitalization of $2,005.67, a PE ratio of 19.79, a PEG ratio of 1.59 and a beta of 1.24.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $91.10 million for the quarter, compared to analysts’ expectations of $91.51 million. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. research analysts anticipate that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.55%. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 3rd. LegacyTexas Financial Group’s dividend payout ratio (DPR) is presently 30.19%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC raised its stake in shares of LegacyTexas Financial Group by 74.7% in the second quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,195 shares during the period. Zions Bancorporation bought a new position in shares of LegacyTexas Financial Group in the third quarter worth about $119,000. WFG Advisors LP raised its stake in shares of LegacyTexas Financial Group by 0.4% in the second quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after buying an additional 13 shares during the period. Victory Capital Management Inc. raised its stake in shares of LegacyTexas Financial Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,560 shares of the financial services provider’s stock worth $136,000 after buying an additional 535 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of LegacyTexas Financial Group by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock worth $158,000 after buying an additional 319 shares during the period. 84.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on LTXB shares. SunTrust Banks reissued a “buy” rating and issued a $44.00 target price on shares of LegacyTexas Financial Group in a research note on Wednesday, October 4th. Zacks Investment Research raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, October 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. Finally, ValuEngine cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.75.

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LegacyTexas Financial Group Company 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.

Insider Buying and Selling by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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