Media headlines about LegacyTexas Financial Group (NASDAQ:LTXB) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LegacyTexas Financial Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.5661566053907 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Stocks Generating Improved Relative Strength: LegacyTexas Financial (finance.yahoo.com)
- Why You Shouldn't Bet Against LegacyTexas Financial (LTXB) Stock (finance.yahoo.com)
- LegacyTexas Financial Group, Inc. Announces Dates of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Q3 2018 Earnings Estimate for LegacyTexas Financial Group Inc (LTXB) Issued By SunTrust Banks (americanbankingnews.com)
- SunTrust Banks Comments on LegacyTexas Financial Group Inc’s Q1 2018 Earnings (LTXB) (americanbankingnews.com)
Several equities research analysts recently weighed in on the company. SunTrust Banks restated a “buy” rating and set a $44.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, October 4th. Zacks Investment Research lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $45.58.
LegacyTexas Financial Group (LTXB) traded down $0.02 during mid-day trading on Friday, hitting $45.13. The stock had a trading volume of 227,681 shares, compared to its average volume of 221,511. LegacyTexas Financial Group has a 52-week low of $31.50 and a 52-week high of $46.03. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $2,200.00, a PE ratio of 21.29, a P/E/G ratio of 1.36 and a beta of 1.24.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The firm had revenue of $91.10 million during the quarter, compared to analysts’ expectations of $91.51 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. analysts expect that LegacyTexas Financial Group will post 2.2 EPS for the current year.
In related news, Director George A. Fisk sold 22,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total transaction of $945,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg Wilkinson sold 5,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,000 shares of company stock valued at $2,082,500. 3.10% of the stock is owned by company insiders.
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About LegacyTexas Financial Group
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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