LegacyTexas Financial Group (LTXB) Set to Announce Quarterly Earnings on Monday

LegacyTexas Financial Group (NASDAQ:LTXB) will issue its quarterly earnings data after the market closes on Monday, January 22nd. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $91.10 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, analysts expect LegacyTexas Financial Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of LegacyTexas Financial Group (NASDAQ LTXB) opened at $44.81 on Friday. The firm has a market cap of $2,180.00, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.25 and a beta of 1.24. LegacyTexas Financial Group has a fifty-two week low of $31.50 and a fifty-two 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.

In other news, Director George A. Fisk sold 22,500 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $41.00, for a total transaction of $922,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Greg Wilkinson sold 5,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $2,082,500. Company insiders own 3.10% of the company’s stock.

LTXB has been the topic of several recent analyst reports. Zacks Investment Research cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Friday, November 17th. SunTrust Banks reiterated a “buy” rating and issued a $44.00 price target on shares of LegacyTexas Financial Group in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $46.50 price target on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. LegacyTexas Financial Group presently has an average rating of “Buy” and an average target price of $45.58.

ILLEGAL ACTIVITY WARNING: “LegacyTexas Financial Group (LTXB) Set to Announce Quarterly Earnings on Monday” was originally reported by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/01/21/legacytexas-financial-group-ltxb-set-to-announce-quarterly-earnings-on-monday.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.

Earnings History for LegacyTexas Financial Group (NASDAQ:LTXB)

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.

Latest News

Leave a Reply