LegacyTexas Financial Group Inc (LTXB) Shares Reduced by ProShare Advisors LLC

LegacyTexas Financial Group Inc (LTXB) Shares Reduced by ProShare Advisors LLC

ProShare Advisors LLC cut its position in shares of LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 20.6% during the first quarter, Holdings Channel reports. The firm owned 7,095 shares of the financial services provider’s stock after selling 1,846 shares during the period. ProShare Advisors LLC’s holdings in LegacyTexas Financial Group were worth $283,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LTXB. State of Alaska Department of Revenue boosted its stake in shares of LegacyTexas Financial Group by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 4,600 shares of the financial services provider’s stock worth $183,000 after buying an additional 110 shares during the period. WFG Advisors LP boosted its stake in shares of LegacyTexas Financial Group by 9.0% in the fourth quarter. WFG Advisors LP now owns 3,413 shares of the financial services provider’s stock worth $160,000 after buying an additional 282 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of LegacyTexas Financial Group by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the financial services provider’s stock worth $678,000 after buying an additional 300 shares during the period. Bank of Montreal Can boosted 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 period. Finally, California State Teachers Retirement System boosted its stake in shares of LegacyTexas Financial Group by 1.0% in the third quarter. California State Teachers Retirement System now owns 93,932 shares of the financial services provider’s stock worth $2,971,000 after buying an additional 900 shares during the period. 79.56% of the stock is owned by institutional investors.

Shares of LegacyTexas Financial Group Inc (LTXB) opened at 36.07 on Friday. The stock has a market cap of $1.68 billion, a PE ratio of 18.14 and a beta of 1.12. LegacyTexas Financial Group Inc has a 12 month low of $23.88 and a 12 month high of $44.94. The firm’s 50-day moving average is $36.63 and its 200 day moving average is $40.08.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.21. LegacyTexas Financial Group had a net margin of 26.78% and a return on equity of 11.18%. The firm had revenue of $88.68 million for the quarter, compared to the consensus estimate of $88.75 million. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts predict that LegacyTexas Financial Group Inc will post $2.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Thursday, April 27th. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 28.57%.

A number of brokerages have recently issued reports on LTXB. Keefe, Bruyette & Woods raised shares of LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $45.00 to $43.00 in a research note on Thursday, April 20th. Zacks Investment Research cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Stephens cut shares of LegacyTexas Financial Group from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research note on Wednesday, April 19th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $42.00 price target (down previously from $47.00) on shares of LegacyTexas Financial Group in a research report on Saturday, April 22nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. LegacyTexas Financial Group presently has a consensus rating of “Buy” and an average price target of $40.13.

In other LegacyTexas Financial Group news, Director Anthony J. Levecchio sold 6,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $41.76, for a total transaction of $250,560.00. Following the transaction, the director now owns 52,730 shares in the company, valued at $2,202,004.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George A. Fisk sold 7,500 shares of the business’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $307,725.00. Following the transaction, the director now owns 245,981 shares in the company, valued at approximately $10,092,600.43. The disclosure for this sale can be found here. Insiders have sold 17,169 shares of company stock worth $692,528 in the last quarter. Company insiders own 3.30% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LTXB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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