Crown Advisors Management Inc. Invests $1.70 Million in LegacyTexas Financial Group Inc (LTXB)

Crown Advisors Management Inc. 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 SEC. The institutional investor bought 40,000 shares of the financial services provider’s stock, valued at approximately $1,704,000. Crown Advisors Management Inc. owned approximately 0.08% of LegacyTexas Financial Group as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LTXB. Victory Capital Management Inc. boosted its stake in shares of LegacyTexas Financial Group by 11,904.5% during the 2nd quarter. Victory Capital Management Inc. now owns 870,446 shares of the financial services provider’s stock worth $33,965,000 after acquiring an additional 863,195 shares in the last quarter. BlackRock Inc. boosted its stake in shares of LegacyTexas Financial Group by 11.6% during the 2nd quarter. BlackRock Inc. now owns 6,304,406 shares of the financial services provider’s stock worth $245,999,000 after acquiring an additional 655,464 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of LegacyTexas Financial Group by 130.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 877,603 shares of the financial services provider’s stock worth $37,386,000 after acquiring an additional 496,066 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of LegacyTexas Financial Group by 47.1% during the 3rd quarter. Hodges Capital Management Inc. now owns 795,671 shares of the financial services provider’s stock worth $33,896,000 after acquiring an additional 254,907 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of LegacyTexas Financial Group during the 2nd quarter worth about $9,219,000. 87.10% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.50 price target on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. Stephens reaffirmed a “$41.92” rating and issued a $41.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. Finally, Hovde Group reaffirmed a “hold” rating and issued a $46.00 price target on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.69.

Shares of LegacyTexas Financial Group stock opened at $40.73 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.43 and a beta of 1.42. LegacyTexas Financial Group Inc has a twelve month low of $35.16 and a twelve month high of $47.18. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.15.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.09. The firm had revenue of $98.89 million for the quarter, compared to analyst estimates 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 period last year, the company posted $0.61 EPS. Sell-side analysts forecast that LegacyTexas Financial Group Inc will post 2.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be issued a $0.22 dividend. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, October 26th. This represents a $0.88 dividend on an annualized basis and a yield of 2.16%. LegacyTexas Financial Group’s dividend payout ratio is presently 40.37%.

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

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