Advisory Research Inc. Sells 52,931 Shares of LegacyTexas Financial Group Inc (LTXB)

Advisory Research Inc. trimmed its holdings in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 552,104 shares of the financial services provider’s stock after selling 52,931 shares during the period. Advisory Research Inc.’s holdings in LegacyTexas Financial Group were worth $23,305,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LTXB. Dimensional Fund Advisors LP lifted its stake in LegacyTexas Financial Group by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,303,447 shares of the financial services provider’s stock valued at $91,953,000 after purchasing an additional 29,293 shares during the last quarter. State Street Corp lifted its stake in LegacyTexas Financial Group by 6.5% in the 2nd quarter. State Street Corp now owns 1,551,238 shares of the financial services provider’s stock valued at $59,150,000 after purchasing an additional 94,017 shares during the last quarter. American Century Companies Inc. lifted its stake in LegacyTexas Financial Group by 17.5% in the 4th quarter. American Century Companies Inc. now owns 838,119 shares of the financial services provider’s stock valued at $35,377,000 after purchasing an additional 124,911 shares during the last quarter. Wells Fargo & Company MN lifted its stake in LegacyTexas Financial Group by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 766,549 shares of the financial services provider’s stock valued at $32,356,000 after purchasing an additional 36,701 shares during the last quarter. Finally, Monarch Partners Asset Management LLC lifted its stake in LegacyTexas Financial Group by 8.8% in the 4th quarter. Monarch Partners Asset Management LLC now owns 492,250 shares of the financial services provider’s stock valued at $20,778,000 after purchasing an additional 39,750 shares during the last quarter. Institutional investors own 84.96% of the company’s stock.

LegacyTexas Financial Group Inc (LTXB) opened at $43.41 on Thursday. The firm has a market cap of $2,047.52, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. LegacyTexas Financial Group Inc has a fifty-two week low of $31.50 and a fifty-two week high of $46.45.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). The company had revenue of $87.10 million during 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%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. equities research analysts anticipate that LegacyTexas Financial Group Inc will post 3.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.64 annualized dividend and a yield of 1.47%. LegacyTexas Financial Group’s dividend payout ratio is currently 33.86%.

Several equities research analysts recently issued reports on LTXB shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research note on Thursday, October 19th. SunTrust Banks raised their target price 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. Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Stephens reiterated a “hold” rating and issued a $46.00 target price on shares of LegacyTexas Financial Group in a research note on Thursday, January 25th. Finally, DA Davidson raised their target price on shares of LegacyTexas Financial Group to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.79.

In other news, Director Greg Wilkinson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles D. Eikenberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.01, for a total transaction of $440,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,500 shares of company stock worth $2,046,000. Insiders own 3.10% of the company’s stock.

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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.

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

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