Putnam Investments LLC bought a new stake in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 54,700 shares of the financial services provider’s stock, valued at approximately $2,134,000. Putnam Investments LLC owned approximately 0.11% of LegacyTexas Financial Group at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in LTXB. WINTON GROUP Ltd bought a new position in LegacyTexas Financial Group in the 1st quarter worth about $234,000. Capital Fund Management S.A. bought a new position in LegacyTexas Financial Group in the 2nd quarter worth about $230,000. Victory Capital Management Inc. boosted its stake in LegacyTexas Financial Group by 39.7% in the 1st quarter. Victory Capital Management Inc. now owns 7,251 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 2,061 shares in the last quarter. Aperio Group LLC boosted its stake in LegacyTexas Financial Group by 19.7% in the 2nd quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in LegacyTexas Financial Group in the 2nd quarter worth about $344,000. Hedge funds and other institutional investors own 85.84% of the company’s stock.
Shares of LegacyTexas Financial Group stock opened at $43.28 on Thursday. LegacyTexas Financial Group Inc has a 1 year low of $35.16 and a 1 year high of $47.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $2.15 billion, a P/E ratio of 19.18, a PEG ratio of 1.61 and a beta of 1.40.
LegacyTexas Financial Group (NASDAQ:LTXB) last issued its earnings results on Tuesday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). LegacyTexas Financial Group had a return on equity of 11.24% and a net margin of 22.39%. The business had revenue of $94.78 million during the quarter, compared to analysts’ expectations of $94.05 million. During the same period last year, the firm posted $0.60 EPS. LegacyTexas Financial Group’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts expect that LegacyTexas Financial Group Inc will post 2.77 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on LTXB shares. Stephens reiterated a “$41.92” rating and issued a $41.00 price target on shares of LegacyTexas Financial Group in a research note on Wednesday, July 18th. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.50 price target on shares of LegacyTexas Financial Group in a research note on Friday, July 20th. ValuEngine upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. BidaskClub upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.93.
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.
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