State Street Corp lifted its position in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 6.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,551,238 shares of the financial services provider’s stock after buying an additional 94,017 shares during the period. State Street Corp owned 3.23% of LegacyTexas Financial Group worth $59,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of LegacyTexas Financial Group by 1.2% during the second quarter. BlackRock Inc. now owns 5,253,280 shares of the financial services provider’s stock valued at $200,307,000 after buying an additional 60,572 shares during the period. Vanguard Group Inc. lifted its stake in shares of LegacyTexas Financial Group by 7.9% during the first quarter. Vanguard Group Inc. now owns 4,003,577 shares of the financial services provider’s stock valued at $159,743,000 after buying an additional 294,036 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of LegacyTexas Financial Group by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,274,154 shares of the financial services provider’s stock valued at $86,715,000 after buying an additional 89,322 shares during the period. Northern Trust Corp lifted its stake in shares of LegacyTexas Financial Group by 6.4% during the second quarter. Northern Trust Corp now owns 942,251 shares of the financial services provider’s stock valued at $35,927,000 after buying an additional 56,960 shares during the period. Finally, Hodges Capital Management Inc. lifted its stake in shares of LegacyTexas Financial Group by 4.2% during the second quarter. Hodges Capital Management Inc. now owns 844,999 shares of the financial services provider’s stock valued at $32,220,000 after buying an additional 33,768 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director George A. Fisk sold 22,500 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $41.00, for a total transaction of $922,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arcilia Acosta purchased 3,590 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of $36.02 per share, with a total value of $129,311.80. Following the completion of the acquisition, the director now owns 26,008 shares of the company’s stock, valued at approximately $936,808.16. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

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LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $91.10 million for the quarter, compared to the consensus estimate of $91.51 million. LegacyTexas Financial Group had a net margin of 24.77% and a return on equity of 10.85%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be given a $0.16 dividend. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, November 3rd. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 28.30%.

Several equities analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a research note on Friday, August 25th. BidaskClub downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Stephens reissued a “hold” rating and set a $42.00 price objective on shares of LegacyTexas Financial Group in a research note on Wednesday, July 19th. Finally, SunTrust Banks, Inc. upped their price objective on shares of LegacyTexas Financial Group from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. LegacyTexas Financial Group has a consensus rating of “Hold” and an average price target of $44.42.

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.

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

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