LegacyTexas Financial Group, Inc. (LTXB) Position Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,547,187 shares of the financial services provider’s stock after selling 8,404 shares during the quarter. PNC Financial Services Group Inc. owned approximately 3.33% of LegacyTexas Financial Group worth $58,993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LTXB. Bank of Montreal Can increased its holdings in LegacyTexas Financial Group by 12.7% in the 1st quarter. Bank of Montreal Can now owns 3,396 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 382 shares in the last quarter. Nationwide Fund Advisors increased its holdings in LegacyTexas Financial Group by 50.2% in the 1st quarter. Nationwide Fund Advisors now owns 50,588 shares of the financial services provider’s stock worth $2,018,000 after acquiring an additional 16,917 shares in the last quarter. Wells Fargo & Company MN increased its holdings in LegacyTexas Financial Group by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 566,567 shares of the financial services provider’s stock worth $22,607,000 after acquiring an additional 10,609 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in LegacyTexas Financial Group by 7.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 57,995 shares of the financial services provider’s stock worth $2,312,000 after acquiring an additional 3,921 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in LegacyTexas Financial Group by 9.0% in the 1st quarter. First Trust Advisors LP now owns 148,011 shares of the financial services provider’s stock worth $5,906,000 after acquiring an additional 12,195 shares in the last quarter. 82.25% of the stock is owned by institutional investors.

Several equities research analysts recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $46.50 price target on shares of LegacyTexas Financial Group in a report on Friday, August 25th. BidaskClub lowered shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Stephens reaffirmed a “hold” rating and set a $42.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, July 19th. Finally, ValuEngine lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.10.

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LegacyTexas Financial Group, Inc. (NASDAQ LTXB) traded down 1.42% during midday trading on Friday, hitting $36.86. 678,456 shares of the stock were exchanged. The firm has a 50-day moving average price of $36.96 and a 200-day moving average price of $37.94. LegacyTexas Financial Group, Inc. has a one year low of $30.28 and a one year high of $44.94. The stock has a market cap of $1.71 billion, a P/E ratio of 17.56 and a beta of 1.16.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The business had revenue of $88.05 million during the quarter, compared to analysts’ expectations of $87.93 million. During the same quarter last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current fiscal year.

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

LegacyTexas Financial Group Company 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.

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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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