Metropolitan Life Insurance Co. NY Sells 1,528 Shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB)

Metropolitan Life Insurance Co. NY decreased its stake in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,148 shares of the financial services provider’s stock after selling 1,528 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.06% of LegacyTexas Financial Group worth $1,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LTXB. Elkfork Partners LLC raised its position in shares of LegacyTexas Financial Group by 18.2% in the first quarter. Elkfork Partners LLC now owns 2,548 shares of the financial services provider’s stock valued at $102,000 after buying an additional 392 shares during the period. Victory Capital Management Inc. raised its stake in shares of LegacyTexas Financial Group by 15.5% in the first quarter. Victory Capital Management Inc. now owns 3,025 shares of the financial services provider’s stock worth $121,000 after buying an additional 406 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of LegacyTexas Financial Group by 18.2% in the first quarter. Meadow Creek Investment Management LLC now owns 3,094 shares of the financial services provider’s stock worth $123,000 after buying an additional 476 shares during the last quarter. WFG Advisors LP raised its stake in shares of LegacyTexas Financial Group by 0.4% in the first quarter. WFG Advisors LP now owns 3,156 shares of the financial services provider’s stock worth $126,000 after buying an additional 12 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of LegacyTexas Financial Group by 12.7% in the first quarter. Bank of Montreal Can now owns 3,396 shares of the financial services provider’s stock worth $136,000 after buying an additional 382 shares during the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at 36.34 on Friday. The company has a market cap of $1.69 billion, a P/E ratio of 17.31 and a beta of 1.14. The company has a 50-day moving average of $38.18 and a 200-day moving average of $38.92. LegacyTexas Financial Group, Inc. has a 52 week low of $29.00 and a 52 week high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $88.05 million during the quarter, compared to analysts’ expectations of $87.93 million. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. On average, equities research analysts predict that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.65%. LegacyTexas Financial Group’s payout ratio is currently 28.71%.

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A number of brokerages recently issued reports on LTXB. BidaskClub lowered LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Stephens reiterated a “hold” rating and issued a $42.00 price target on shares of LegacyTexas Financial Group in a report on Wednesday, July 19th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $42.00 price target (down previously from $47.00) on shares of LegacyTexas Financial Group in a report on Saturday, April 22nd. Finally, Keefe, Bruyette & Woods upgraded LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $45.00 to $43.00 in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. LegacyTexas Financial Group presently has a consensus rating of “Hold” and a consensus target price of $44.20.

In other LegacyTexas Financial Group news, Director Anthony J. Levecchio sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the transaction, the director now owns 56,730 shares of the company’s stock, valued at approximately $2,269,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 13,321 shares of company stock valued at $528,758 in the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

LegacyTexas Financial Group Company Profile

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.

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

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