Research Analysts’ Recent Ratings Changes for LegacyTexas Financial Group (LTXB)

A number of research firms have changed their ratings and price targets for LegacyTexas Financial Group (NASDAQ: LTXB):

  • 6/18/2019 – LegacyTexas Financial Group was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $43.50 price target on the stock, down previously from $45.50.
  • 6/18/2019 – LegacyTexas Financial Group was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a $41.78 price target on the stock, up previously from $38.88.
  • 6/18/2019 – LegacyTexas Financial Group was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $39.05 price target on the stock, down previously from $43.00.
  • 6/18/2019 – LegacyTexas Financial Group was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating. They now have a $42.00 price target on the stock, down previously from $43.00.
  • 6/17/2019 – LegacyTexas Financial Group was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $43.00 price target on the stock.
  • 5/24/2019 – LegacyTexas Financial Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/1/2019 – LegacyTexas Financial Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/30/2019 – LegacyTexas Financial Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

NASDAQ LTXB opened at $39.49 on Wednesday. LegacyTexas Financial Group Inc has a 52 week low of $30.18 and a 52 week high of $47.18. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. The company has a market cap of $1.92 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The stock has a 50-day moving average price of $38.70.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.12). LegacyTexas Financial Group had a return on equity of 13.43% and a net margin of 33.36%. The firm had revenue of $91.06 million during the quarter, compared to the consensus estimate of $94.48 million. During the same quarter last year, the company posted $0.52 EPS. As a group, equities research analysts anticipate that LegacyTexas Financial Group Inc will post 3.15 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in LegacyTexas Financial Group by 2.3% in the 4th quarter. BlackRock Inc. now owns 6,758,999 shares of the financial services provider’s stock worth $216,895,000 after purchasing an additional 151,934 shares during the last quarter. Dimensional Fund Advisors LP grew its position in LegacyTexas Financial Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,407,391 shares of the financial services provider’s stock worth $77,253,000 after purchasing an additional 18,586 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 last quarter. Millennium Management LLC grew its position in LegacyTexas Financial Group by 275.1% in the 4th quarter. Millennium Management LLC now owns 973,575 shares of the financial services provider’s stock worth $31,242,000 after purchasing an additional 713,995 shares during the last quarter. Finally, American Century Companies Inc. grew its position in LegacyTexas Financial Group by 19.1% in the 4th quarter. American Century Companies Inc. now owns 855,343 shares of the financial services provider’s stock worth $27,448,000 after purchasing an additional 137,426 shares during the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.

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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