Sei Investments Co. Sells 5,108 Shares of LegacyTexas Financial Group, Inc. (LTXB)

Sei Investments Co. cut its position in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,224 shares of the financial services provider’s stock after selling 5,108 shares during the quarter. Sei Investments Co. owned approximately 0.07% of LegacyTexas Financial Group worth $1,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WFG Advisors LP grew its holdings in shares of LegacyTexas Financial Group by 0.4% during 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 in the last quarter. Alps Advisors Inc. grew its holdings in shares of LegacyTexas Financial Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,431 shares of the financial services provider’s stock worth $436,000 after buying an additional 29 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of LegacyTexas Financial Group by 0.7% during the second quarter. Pinebridge Investments L.P. now owns 28,134 shares of the financial services provider’s stock worth $1,072,000 after buying an additional 185 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of LegacyTexas Financial Group by 1.7% during the second quarter. Advisors Asset Management Inc. now owns 11,941 shares of the financial services provider’s stock worth $455,000 after buying an additional 194 shares in the last quarter. Finally, Texas Permanent School Fund grew its holdings in shares of LegacyTexas Financial Group by 1.0% during the second quarter. Texas Permanent School Fund now owns 30,451 shares of the financial services provider’s stock worth $1,161,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at $41.09 on Thursday. 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 cap of $1,986.94, a P/E ratio of 19.60, a P/E/G ratio of 1.57 and a beta of 1.24.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a $0.16 dividend. The ex-dividend date was Friday, November 3rd. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.56%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is currently 30.19%.

In related news, Director Greg Wilkinson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were 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 SEC, which is available through this link. Also, Director George A. Fisk sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total transaction of $945,000.00. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $2,082,500 over the last three months. Corporate insiders own 3.10% of the company’s stock.

A number of brokerages have recently commented on LTXB. SunTrust Banks reiterated a “buy” rating and set a $47.00 price target on shares of LegacyTexas Financial Group in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $46.50 price target on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. Finally, ValuEngine downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.75.

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About LegacyTexas Financial Group

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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