LegacyTexas Financial Group (LTXB) Downgraded by BidaskClub to Sell

LegacyTexas Financial Group (NASDAQ:LTXB) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other research firms also recently commented on LTXB. Raymond James decreased their target price on LegacyTexas Financial Group from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. ValuEngine downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Stephens reiterated a “buy” rating and issued a $48.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.93.

NASDAQ:LTXB opened at $36.10 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.56, a PEG ratio of 1.28 and a beta of 1.36. LegacyTexas Financial Group has a 12 month low of $34.68 and a 12 month high of $47.18.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, October 16th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $98.89 million for the quarter, compared to the consensus estimate of $97.73 million. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate that LegacyTexas Financial Group will post 2.83 EPS for the current year.

In related news, Director George A. Fisk sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $39.00, for a total value of $156,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP raised its position in LegacyTexas Financial Group by 64.2% during the third quarter. Quantbot Technologies LP now owns 3,769 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 1,474 shares during the period. Csenge Advisory Group purchased a new stake in LegacyTexas Financial Group during the third quarter valued at approximately $189,000. First Citizens Bank & Trust Co. purchased a new stake in LegacyTexas Financial Group during the third quarter valued at approximately $210,000. Jane Street Group LLC purchased a new stake in LegacyTexas Financial Group during the third quarter valued at approximately $227,000. Finally, Capital Fund Management S.A. purchased a new stake in LegacyTexas Financial Group during the second quarter valued at approximately $230,000. Institutional investors own 87.02% of the company’s stock.

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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