LegacyTexas Financial Group (NASDAQ:LTXB) Getting Positive Media Coverage, Report Finds

Press coverage about LegacyTexas Financial Group (NASDAQ:LTXB) has trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LegacyTexas Financial Group earned a coverage optimism score of 0.35 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

LegacyTexas Financial Group (LTXB) traded down 1.39% on Monday, reaching $37.47. 20,412 shares of the company were exchanged. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.85 and a beta of 1.15. The stock has a 50-day moving average price of $36.79 and a 200 day moving average price of $39.73. LegacyTexas Financial Group has a 52 week low of $26.31 and a 52 week high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.21. LegacyTexas Financial Group had a return on equity of 10.65% and a net margin of 24.87%. The business had revenue of $88.68 million for the quarter, compared to analysts’ expectations of $88.75 million. During the same period in the previous year, the business posted $0.43 earnings per share. Analysts forecast that LegacyTexas Financial Group will post $2.14 earnings per share for the current year.

A number of equities research analysts have recently weighed in on LTXB shares. Keefe, Bruyette & Woods raised shares of LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $45.00 to $43.00 in a report on Thursday, April 20th. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Piper Jaffray Companies reissued an “overweight” rating and set a $42.00 price objective (down from $47.00) on shares of LegacyTexas Financial Group in a report on Saturday, April 22nd. Stephens lowered shares of LegacyTexas Financial Group from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Wednesday, April 19th. Finally, Zacks Investment Research lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.13.

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In other LegacyTexas Financial Group news, Director Anthony J. Levecchio sold 12,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the director now directly owns 56,730 shares of the company’s stock, valued at approximately $2,269,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott A. Almy sold 3,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $36.78, for a total transaction of $110,340.00. Following the transaction, the chief operating officer now directly owns 46,912 shares in the company, valued at $1,725,423.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,669 shares of company stock worth $614,243 over the last three months. 3.30% of the stock is currently owned by insiders.

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.

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

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