Analysts Set LegacyTexas Financial Group Inc (NASDAQ:LTXB) PT at $42.90

LegacyTexas Financial Group Inc (NASDAQ:LTXB) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $42.90.

A number of research firms have issued reports on LTXB. Raymond James set a C$80.00 price objective on shares of West Fraser Timber and gave the company a “strong-buy” rating in a research report on Tuesday, June 18th. SunTrust Banks lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and cut their target price for the company from $43.00 to $39.05 in a research note on Tuesday, June 18th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Sandler O’Neill lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $43.00 to $42.00 in a research note on Tuesday, June 18th. Finally, BidaskClub lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 24th.

A number of large investors have recently bought and sold shares of LTXB. First Quadrant L P CA purchased a new position in shares of LegacyTexas Financial Group during the first quarter valued at approximately $107,000. Neuburgh Advisers LLC increased its holdings in LegacyTexas Financial Group by 17.2% during the fourth quarter. Neuburgh Advisers LLC now owns 5,664 shares of the financial services provider’s stock valued at $182,000 after buying an additional 832 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in LegacyTexas Financial Group during the first quarter valued at approximately $209,000. Mercer Global Advisors Inc. ADV purchased a new stake in LegacyTexas Financial Group during the first quarter valued at approximately $217,000. Finally, Amalgamated Bank increased its holdings in LegacyTexas Financial Group by 30.8% during the fourth quarter. Amalgamated Bank now owns 7,062 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,663 shares during the last quarter. 85.14% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:LTXB traded down $0.46 during trading hours on Friday, reaching $41.38. The company’s stock had a trading volume of 12,982 shares, compared to its average volume of 740,205. The firm’s 50-day moving average price is $39.56. LegacyTexas Financial Group has a 1 year low of $30.18 and a 1 year high of $47.18. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.13.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.12). LegacyTexas Financial Group had a net margin of 33.36% and a return on equity of 13.43%. The firm had revenue of $91.06 million during the quarter, compared to analysts’ expectations of $94.48 million. During the same quarter in the previous year, the firm posted $0.52 EPS. Research analysts expect that LegacyTexas Financial Group will post 3.15 EPS for the current year.

LegacyTexas Financial Group Company Profile

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.

See Also: What is a Market Correction?

Analyst Recommendations 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.