LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) announced a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Investors of record on Monday, November 6th will be paid a dividend of 0.16 per share by the financial services provider on Monday, November 20th. This represents a $0.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, November 3rd. This is a boost from LegacyTexas Financial Group’s previous quarterly dividend of $0.15.
Shares of LegacyTexas Financial Group (NASDAQ LTXB) traded up 1.89% during midday trading on Wednesday, reaching $39.95. 340,755 shares of the company were exchanged. The company’s 50-day moving average price is $38.51 and its 200 day moving average price is $37.61. LegacyTexas Financial Group has a 52-week low of $31.14 and a 52-week high of $44.94. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.03 and a beta of 1.17.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. The firm had revenue of $91.10 million during the quarter, compared to analysts’ expectations of $91.51 million. During the same quarter in the prior year, the firm earned $0.60 EPS. LegacyTexas Financial Group’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that LegacyTexas Financial Group will post $2.20 earnings per share for the current year.
In related news, Director Arcilia Acosta acquired 3,590 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $36.02 per share, for a total transaction of $129,311.80. Following the completion of the acquisition, the director now directly owns 26,008 shares of the company’s stock, valued at approximately $936,808.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.30% of the company’s stock.
LTXB has been the subject of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $46.50 target price on shares of LegacyTexas Financial Group in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, October 6th. SunTrust Banks, Inc. restated a “buy” rating and issued a $44.00 target price on shares of LegacyTexas Financial Group in a research report on Wednesday, October 4th. BidaskClub upgraded shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One investment 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. LegacyTexas Financial Group currently has an average rating of “Hold” and an average target price of $44.25.
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.