LegacyTexas Financial Group Inc (NASDAQ:LTXB) Given Average Rating of “Hold” by Analysts

LegacyTexas Financial Group Inc (NASDAQ:LTXB) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $42.90.

LTXB has been the topic of several analyst reports. SunTrust Banks cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $43.00 to $39.05 in a research note on Tuesday, June 18th. Raymond James set a C$80.00 price objective on West Fraser Timber and gave the stock a “strong-buy” rating in a research note on Tuesday, June 18th. Piper Jaffray Companies reduced their price objective on Cactus from $42.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 18th. Sandler O’Neill cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $43.00 to $42.00 in a research note on Tuesday, June 18th. Finally, DA Davidson cut LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Monday, June 17th.

NASDAQ LTXB traded up $0.20 during trading hours on Friday, hitting $41.94. 201,200 shares of the company were exchanged, compared to its average volume of 376,496. The stock has a 50-day moving average price of $39.84. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. LegacyTexas Financial Group has a 52 week low of $30.18 and a 52 week high of $47.18. The stock has a market capitalization of $2.01 billion, a PE ratio of 14.46, a PEG ratio of 1.31 and a beta of 1.55.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.12). LegacyTexas Financial Group had a return on equity of 13.43% and a net margin of 33.36%. The company had revenue of $91.06 million for the quarter, compared to the consensus estimate of $94.48 million. During the same period in the previous year, the firm earned $0.52 earnings per share. As a group, analysts expect that LegacyTexas Financial Group will post 3.15 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of LegacyTexas Financial Group by 2.3% during the fourth quarter. BlackRock Inc. now owns 6,758,999 shares of the financial services provider’s stock valued at $216,895,000 after buying an additional 151,934 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LegacyTexas Financial Group by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,407,391 shares of the financial services provider’s stock valued at $77,253,000 after buying an additional 18,586 shares during the last quarter. Millennium Management LLC grew its stake in shares of 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 buying an additional 713,995 shares during the last quarter. American Century Companies Inc. grew its stake in shares of LegacyTexas Financial Group by 19.1% during the fourth quarter. American Century Companies Inc. now owns 855,343 shares of the financial services provider’s stock valued at $27,448,000 after buying an additional 137,426 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of LegacyTexas Financial Group by 26.8% during the first quarter. Westwood Holdings Group Inc. now owns 842,785 shares of the financial services provider’s stock valued at $31,512,000 after buying an additional 178,237 shares during the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Analyst Recommendations 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.