LegacyTexas Financial Group, Inc. (LTXB) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,282 shares of the financial services provider’s stock after selling 114 shares during the period. Bank of Montreal Can’s holdings in LegacyTexas Financial Group were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. WFG Advisors LP raised its holdings in LegacyTexas Financial Group by 0.4% in the 1st quarter. WFG Advisors LP now owns 3,156 shares of the financial services provider’s stock valued at $126,000 after buying an additional 12 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in LegacyTexas Financial Group by 1.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 9,500 shares of the financial services provider’s stock valued at $379,000 after buying an additional 180 shares during the period. Legal & General Group Plc raised its holdings in LegacyTexas Financial Group by 0.3% in the 1st quarter. Legal & General Group Plc now owns 75,108 shares of the financial services provider’s stock valued at $2,996,000 after buying an additional 218 shares during the period. Nordea Investment Management AB raised its holdings in LegacyTexas Financial Group by 0.6% in the 1st quarter. Nordea Investment Management AB now owns 37,283 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 230 shares during the period. Finally, Arizona State Retirement System raised its holdings in LegacyTexas Financial Group by 1.4% in the 1st quarter. Arizona State Retirement System now owns 21,743 shares of the financial services provider’s stock valued at $868,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 82.25% of the company’s stock.

LegacyTexas Financial Group, Inc. (LTXB) traded up 1.61% during trading on Friday, reaching $35.43. The company’s stock had a trading volume of 516,936 shares. The company’s 50-day moving average is $37.23 and its 200-day moving average is $38.16. The company has a market capitalization of $1.65 billion, a P/E ratio of 16.88 and a beta of 1.16. LegacyTexas Financial Group, Inc. has a 1-year low of $30.25 and a 1-year high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $88.05 million for the quarter, compared to the consensus estimate of $87.93 million. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Equities analysts anticipate that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 28.71%.

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In other news, Director Arcilia Acosta acquired 3,590 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were bought at an average cost of $36.02 per share, for a total transaction of $129,311.80. Following the acquisition, the director now directly owns 26,008 shares in the company, valued at approximately $936,808.16. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.30% of the company’s stock.

Several analysts recently issued reports on LTXB shares. BidaskClub lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Stephens reaffirmed a “hold” rating and issued a $42.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research report on Friday, August 25th. Finally, ValuEngine downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $45.10.

LegacyTexas Financial Group Profile

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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