Charles D. Eikenberg Sells 669 Shares of LegacyTexas Financial Group, Inc. (LTXB) Stock

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) EVP Charles D. Eikenberg sold 669 shares of LegacyTexas Financial Group stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $35.73, for a total value of $23,903.37. Following the sale, the executive vice president now owns 40,490 shares in the company, valued at $1,446,707.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of LegacyTexas Financial Group, Inc. (LTXB) opened at 37.87 on Friday. The company has a market cap of $1.76 billion, a P/E ratio of 19.05 and a beta of 1.14. LegacyTexas Financial Group, Inc. has a 12 month low of $23.88 and a 12 month high of $44.94. The firm has a 50-day moving average price of $36.85 and a 200 day moving average price of $40.00.

LegacyTexas Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.21. The business had revenue of $88.68 million during the quarter, compared to analysts’ expectations of $88.75 million. LegacyTexas Financial Group had a return on equity of 10.65% and a net margin of 24.87%. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts predict that LegacyTexas Financial Group, Inc. will post $2.15 earnings per share for the current year.

Insider Buying and Selling by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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A number of hedge funds and other institutional investors have recently modified their holdings of LTXB. BlackRock Advisors LLC raised its position in shares of LegacyTexas Financial Group by 9.1% in the third quarter. BlackRock Advisors LLC now owns 22,863 shares of the financial services provider’s stock valued at $723,000 after buying an additional 1,907 shares during the last quarter. Rhumbline Advisers raised its position in LegacyTexas Financial Group by 3.4% in the third quarter. Rhumbline Advisers now owns 69,743 shares of the financial services provider’s stock valued at $2,206,000 after buying an additional 2,315 shares in the last quarter. BlackRock Group LTD raised its position in LegacyTexas Financial Group by 20.7% in the third quarter. BlackRock Group LTD now owns 72,724 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 12,453 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in LegacyTexas Financial Group by 10.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,047,494 shares of the financial services provider’s stock valued at $33,132,000 after buying an additional 101,978 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in LegacyTexas Financial Group by 70.9% in the third quarter. SG Americas Securities LLC now owns 7,857 shares of the financial services provider’s stock valued at $249,000 after buying an additional 3,259 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Several equities research analysts have recently weighed in on LTXB shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $42.00 price target (down from $47.00) on shares of LegacyTexas Financial Group in a research report on Saturday, April 22nd. Stephens cut LegacyTexas Financial Group from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research report on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods raised LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $45.00 to $43.00 in a report on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. LegacyTexas Financial Group presently has a consensus rating of “Buy” and an average target price of $40.13.

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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