LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Stake Decreased by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. lowered its position in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 6,240 shares of the financial services provider’s stock after selling 724 shares during the period. Bbva Compass Bancshares Inc.’s holdings in LegacyTexas Financial Group were worth $238,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LTXB. Elkfork Partners LLC increased its stake 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 worth $102,000 after buying an additional 392 shares during the last quarter. US Bancorp DE increased its stake in shares of LegacyTexas Financial Group by 2,002.3% in the first quarter. US Bancorp DE now owns 6,454 shares of the financial services provider’s stock worth $258,000 after buying an additional 6,147 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of LegacyTexas Financial Group by 239.2% in the first quarter. Advisors Asset Management Inc. now owns 11,747 shares of the financial services provider’s stock worth $469,000 after buying an additional 8,284 shares during the last quarter. First Trust Advisors LP increased its stake in shares of LegacyTexas Financial Group by 9.0% in the first quarter. First Trust Advisors LP now owns 148,011 shares of the financial services provider’s stock worth $5,906,000 after buying an additional 12,195 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of LegacyTexas Financial Group by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 57,995 shares of the financial services provider’s stock worth $2,312,000 after buying an additional 3,921 shares during the last quarter. 82.06% of the stock is owned by hedge funds and other institutional investors.

LegacyTexas Financial Group, Inc. (NASDAQ LTXB) opened at 37.97 on Thursday. The stock has a market capitalization of $1.77 billion, a PE ratio of 18.09 and a beta of 1.14. LegacyTexas Financial Group, Inc. has a one year low of $29.00 and a one year high of $44.94. The company’s 50-day moving average price is $38.17 and its 200-day moving average price is $38.97.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $88.05 million during the quarter, compared to analyst estimates of $87.93 million. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that LegacyTexas Financial Group, Inc. will post $2.20 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a $0.15 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.60 annualized dividend and a yield of 1.58%. LegacyTexas Financial Group’s payout ratio is currently 28.71%.

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A number of brokerages recently issued reports on LTXB. BidaskClub raised LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 price objective on shares of LegacyTexas Financial Group in a research report on Wednesday, April 19th. Stephens downgraded 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 report on Wednesday, April 19th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $42.00 price objective (down from $47.00) on shares of LegacyTexas Financial Group in a research report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.20.

In related news, Director Anthony J. Levecchio sold 12,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was 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 directly owns 56,730 shares in the company, valued at $2,269,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 13,321 shares of company stock valued at $528,758 over the last quarter. Insiders own 3.30% of the company’s stock.

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.

Want to see what other hedge funds are holding LTXB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LegacyTexas Financial Group, Inc. (NASDAQ:LTXB).

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

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