Charles D. Eikenberg Sells 1,537 Shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) Stock

LegacyTexas Financial Group Inc (NASDAQ:LTXB) EVP Charles D. Eikenberg sold 1,537 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $36.46, for a total transaction of $56,039.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

LTXB traded down $0.20 during midday trading on Friday, hitting $40.19. 168,708 shares of the company’s stock traded hands, compared to its average volume of 303,025. The firm has a market cap of $1.96 billion, a PE ratio of 13.86, a PEG ratio of 1.22 and a beta of 1.55. 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 Inc has a one year low of $30.18 and a one year high of $47.18.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. The firm had revenue of $96.56 million for the quarter, compared to analyst estimates of $96.43 million. LegacyTexas Financial Group had a net margin of 33.18% and a return on equity of 13.45%. During the same quarter last year, the firm earned $0.60 earnings per share. On average, sell-side analysts anticipate that LegacyTexas Financial Group Inc will post 3.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of LTXB. Millennium Management LLC raised its position in LegacyTexas Financial Group by 275.1% during the fourth 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 in the last quarter. Clearbridge Investments LLC raised its position in LegacyTexas Financial Group by 1,095,262.5% during the third quarter. Clearbridge Investments LLC now owns 613,403 shares of the financial services provider’s stock valued at $26,131,000 after acquiring an additional 613,347 shares in the last quarter. Norges Bank bought a new position in LegacyTexas Financial Group during the fourth quarter valued at approximately $13,279,000. BlackRock Inc. raised its position in LegacyTexas Financial Group by 4.8% during the third quarter. BlackRock Inc. now owns 6,607,065 shares of the financial services provider’s stock valued at $281,461,000 after acquiring an additional 302,659 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in LegacyTexas Financial Group by 213.7% during the third quarter. Teachers Advisors LLC now owns 427,258 shares of the financial services provider’s stock valued at $18,201,000 after acquiring an additional 291,050 shares in the last quarter. 86.04% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. BidaskClub upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $42.00 price target 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. LegacyTexas Financial Group currently has an average rating of “Hold” and an average price target of $45.90.

COPYRIGHT VIOLATION NOTICE: “Charles D. Eikenberg Sells 1,537 Shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) Stock” was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/charles-d-eikenberg-sells-1537-shares-of-legacytexas-financial-group-inc-ltxb-stock.html.

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.

Featured Article: Key terms to understand channel trading

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

Receive News & Ratings for LegacyTexas Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LegacyTexas Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.