Trexquant Investment LP Invests $328,000 in LegacyTexas Financial Group, Inc. (LTXB)

Trexquant Investment LP acquired a new stake in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,211 shares of the financial services provider’s stock, valued at approximately $328,000.

Several other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in LegacyTexas Financial Group by 140.6% during the second quarter. US Bancorp DE now owns 15,530 shares of the financial services provider’s stock worth $592,000 after buying an additional 9,076 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in LegacyTexas Financial Group by 436.1% during the second quarter. Russell Investments Group Ltd. now owns 68,890 shares of the financial services provider’s stock worth $2,626,000 after buying an additional 56,040 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in LegacyTexas Financial Group by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,840 shares of the financial services provider’s stock worth $375,000 after buying an additional 340 shares in the last quarter. NGAM Advisors L.P. bought a new stake in LegacyTexas Financial Group during the second quarter worth approximately $1,100,000. Finally, Great West Life Assurance Co. Can boosted its holdings in LegacyTexas Financial Group by 3.4% during the second quarter. Great West Life Assurance Co. Can now owns 59,995 shares of the financial services provider’s stock worth $2,286,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

In other LegacyTexas Financial Group news, Director George A. Fisk sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total value of $945,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg Wilkinson sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $2,082,500 in the last ninety days. Company insiders own 3.10% of the company’s stock.

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at $41.36 on Wednesday. LegacyTexas Financial Group, Inc. has a 52 week low of $31.50 and a 52 week high of $44.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $2,067.16, a P/E ratio of 20.39, a P/E/G ratio of 1.63 and a beta of 1.24.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 10.85%. The firm had revenue of $91.10 million during the quarter, compared to analyst estimates of $91.51 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue was up 3.4% on a year-over-year basis. analysts forecast that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were paid a $0.16 dividend. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is currently 30.19%.

LTXB has been the subject of a number of research reports. Zacks Investment Research cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Friday, November 17th. SunTrust Banks restated a “buy” rating and set a $44.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Thursday, October 19th. Finally, ValuEngine lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.75.

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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.

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

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