Texas Permanent School Fund Boosts Stake in LegacyTexas Financial Group Inc (LTXB)
Texas Permanent School Fund grew its stake in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,520 shares of the financial services provider’s stock after buying an additional 1,224 shares during the quarter. Texas Permanent School Fund’s holdings in LegacyTexas Financial Group were worth $947,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in LegacyTexas Financial Group by 1,095,262.5% in the 3rd quarter. Clearbridge Investments LLC now owns 613,403 shares of the financial services provider’s stock worth $26,131,000 after purchasing an additional 613,347 shares during the period. BlackRock Inc. raised its position in LegacyTexas Financial Group by 4.8% in the 3rd quarter. BlackRock Inc. now owns 6,607,065 shares of the financial services provider’s stock worth $281,461,000 after purchasing an additional 302,659 shares during the period. Teachers Advisors LLC raised its position in LegacyTexas Financial Group by 213.7% in the 3rd quarter. Teachers Advisors LLC now owns 427,258 shares of the financial services provider’s stock worth $18,201,000 after purchasing an additional 291,050 shares during the period. Massachusetts Financial Services Co. MA raised its position in LegacyTexas Financial Group by 19.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,046,851 shares of the financial services provider’s stock worth $33,593,000 after purchasing an additional 169,248 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new position in LegacyTexas Financial Group in the 3rd quarter worth $3,404,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.
A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. BidaskClub upgraded shares of LegacyTexas Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. ValuEngine upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Raymond James cut shares of LegacyTexas Financial Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Finally, Stephens reiterated a “buy” rating and issued a $39.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, December 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.88.
LegacyTexas Financial Group stock traded up $0.29 during trading hours on Monday, reaching $39.09. The stock had a trading volume of 32,652 shares, compared to its average volume of 277,509. The firm has a market cap of $1.88 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.57. LegacyTexas Financial Group Inc has a 52 week low of $30.18 and a 52 week high of $47.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.88.
LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $96.56 million for the quarter, compared to analyst estimates of $96.43 million. LegacyTexas Financial Group had a net margin of 33.18% and a return on equity of 13.45%. During the same quarter last year, the firm earned $0.60 EPS. As a group, sell-side analysts expect that LegacyTexas Financial Group Inc will post 3.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 19th. Shareholders of record on Tuesday, February 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, February 4th. This is a positive change from LegacyTexas Financial Group’s previous quarterly dividend of $0.22. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 34.48%.
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About LegacyTexas Financial Group
LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.
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