Texas Permanent School Fund reduced its position in shares of LegacyTexas Financial Group Inc. (NASDAQ:LTXB) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 31,600 shares of the financial services provider’s stock after selling 1,917 shares during the period. Texas Permanent School Fund owned about 0.07% of LegacyTexas Financial Group worth $1,000,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Societe Generale acquired a new stake in LegacyTexas Financial Group during the second quarter valued at about $124,000. SG Americas Securities LLC acquired a new stake in LegacyTexas Financial Group during the second quarter valued at about $124,000. Tower Research Capital LLC TRC increased its stake in LegacyTexas Financial Group by 1,264.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,856 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,500 shares in the last quarter. PineBridge Investments L.P. increased its stake in LegacyTexas Financial Group by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,559 shares of the financial services provider’s stock valued at $150,000 after buying an additional 203 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in LegacyTexas Financial Group during the third quarter valued at about $158,000. Hedge funds and other institutional investors own 76.63% of the company’s stock.
LegacyTexas Financial Group Inc. (NASDAQ:LTXB) traded up 0.18% during mid-day trading on Friday, reaching $39.54. 67,974 shares of the company traded hands. LegacyTexas Financial Group Inc. has a 52-week low of $16.79 and a 52-week high of $40.02. The stock has a 50 day moving average price of $34.82 and a 200-day moving average price of $30.13. The company has a market capitalization of $1.83 billion, a P/E ratio of 20.59 and a beta of 1.06.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.37%. During the same period last year, the business earned $0.39 earnings per share. Analysts expect that LegacyTexas Financial Group Inc. will post $2.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, October 27th. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 31.25%.
A number of research analysts have recently commented on the stock. Compass Point cut shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, November 18th. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Friday, October 21st. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $32.00.
In related news, Director George A. Fisk sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $39.50, for a total value of $395,000.00. Following the transaction, the director now owns 268,481 shares in the company, valued at $10,604,999.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark L. Williamson sold 48,200 shares of the stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $33.00, for a total value of $1,590,600.00. Following the completion of the transaction, the executive vice president now owns 76,702 shares in the company, valued at approximately $2,531,166. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.
LegacyTexas Financial Group Company Profile
LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank is its wholly owned principal operating subsidiary. The Company is engaged in attracting retail deposits from the general public and the 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.