Csenge Advisory Group bought a new position in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,884 shares of the financial services provider’s stock, valued at approximately $206,000.
Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation purchased a new stake in shares of LegacyTexas Financial Group during the third quarter worth about $119,000. Leucadia National Corp purchased a new stake in shares of LegacyTexas Financial Group during the fourth quarter worth about $205,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of LegacyTexas Financial Group during the fourth quarter worth about $205,000. Janney Montgomery Scott LLC bought a new position in LegacyTexas Financial Group during the third quarter valued at approximately $203,000. Finally, Aperio Group LLC bought a new position in LegacyTexas Financial Group during the fourth quarter valued at approximately $260,000. Hedge funds and other institutional investors own 85.40% of the company’s stock.
A number of brokerages recently commented on LTXB. Stephens reissued a “hold” rating and set a $46.00 price target on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. BidaskClub raised LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Sandler O’Neill reissued a “buy” rating and set a $50.00 price target on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. DA Davidson increased their price target on LegacyTexas Financial Group to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Zacks Investment Research lowered LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. LegacyTexas Financial Group currently has an average rating of “Buy” and a consensus price target of $47.79.
In other news, EVP Charles D. Eikenberg sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $44.18, for a total value of $220,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles D. Eikenberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.01, for a total value of $440,100.00. The disclosure for this sale can be found here. Insiders sold a total of 26,558 shares of company stock valued at $1,166,185 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.
LTXB stock opened at $45.44 on Wednesday. LegacyTexas Financial Group Inc has a one year low of $31.50 and a one year high of $46.45. The company has a market capitalization of $2,208.51, a P/E ratio of 21.11, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.16.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $87.10 million for the quarter, compared to the consensus estimate of $91.99 million. LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. LegacyTexas Financial Group’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. equities analysts anticipate that LegacyTexas Financial Group Inc will post 3.15 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Csenge Advisory Group Invests $206,000 in LegacyTexas Financial Group Inc (LTXB)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://ledgergazette.com/2018/03/21/csenge-advisory-group-invests-206000-in-legacytexas-financial-group-inc-ltxb.html.
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.
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.