LegacyTexas Financial Group Inc to Post Q1 2019 Earnings of $0.65 Per Share, Piper Jaffray Companies Forecasts (LTXB)

LegacyTexas Financial Group Inc (NASDAQ:LTXB) – Piper Jaffray Companies decreased their Q1 2019 EPS estimates for shares of LegacyTexas Financial Group in a report issued on Monday, April 8th. Piper Jaffray Companies analyst B. Rabatin now anticipates that the financial services provider will earn $0.65 per share for the quarter, down from their previous forecast of $0.80. Piper Jaffray Companies also issued estimates for LegacyTexas Financial Group’s FY2019 earnings at $3.22 EPS.

Other research analysts also recently issued reports about the stock. Stephens set a $39.00 price target on shares of LegacyTexas Financial Group and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. BidaskClub upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Saturday, March 30th. Finally, ValuEngine upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.90.

LTXB opened at $39.35 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.14. LegacyTexas Financial Group has a 1-year low of $30.18 and a 1-year high of $47.18. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.17 and a beta of 1.55.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. LegacyTexas Financial Group had a net margin of 33.18% and a return on equity of 13.45%. The business had revenue of $96.56 million for the quarter, compared to the consensus estimate of $96.43 million. During the same period last year, the firm earned $0.60 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its position in LegacyTexas Financial Group by 19.1% during the 4th quarter. American Century Companies Inc. now owns 855,343 shares of the financial services provider’s stock worth $27,448,000 after purchasing an additional 137,426 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of LegacyTexas Financial Group by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 533,753 shares of the financial services provider’s stock valued at $17,128,000 after acquiring an additional 25,034 shares during the last quarter. Norges Bank purchased a new stake in shares of LegacyTexas Financial Group in the 4th quarter valued at $13,279,000. Amalgamated Bank boosted its holdings in shares of LegacyTexas Financial Group by 30.8% in the 4th quarter. Amalgamated Bank now owns 7,062 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of LegacyTexas Financial Group by 275.1% in the 4th quarter. Millennium Management LLC now owns 973,575 shares of the financial services provider’s stock valued at $31,242,000 after acquiring an additional 713,995 shares during the last quarter. Institutional investors own 86.04% of the company’s stock.

In related news, EVP Charles D. Eikenberg sold 5,000 shares of LegacyTexas Financial Group stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $40.22, for a total transaction of $201,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles D. Eikenberg sold 1,537 shares of LegacyTexas Financial Group stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $36.46, for a total transaction of $56,039.02. The disclosure for this sale can be found here. Insiders have sold a total of 53,490 shares of company stock valued at $2,196,530 in the last quarter. 3.20% of the stock is currently owned by company insiders.

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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Earnings History and Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)

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