Paradigm Capital Management Inc. NY Has $1,597,000 Holdings in LegacyTexas Financial Group, Inc. (LTXB)

Paradigm Capital Management Inc. NY maintained its stake in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,875 shares of the financial services provider’s stock at the end of the second quarter. Paradigm Capital Management Inc. NY owned about 0.09% of LegacyTexas Financial Group worth $1,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LTXB. Elkfork Partners LLC grew its holdings in LegacyTexas Financial Group by 18.2% during the 1st quarter. Elkfork Partners LLC now owns 2,548 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 392 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in LegacyTexas Financial Group by 74.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 1,195 shares in the last quarter. Victory Capital Management Inc. grew its holdings in LegacyTexas Financial Group by 15.5% during the 1st quarter. Victory Capital Management Inc. now owns 3,025 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 406 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in LegacyTexas Financial Group by 18.2% during the 1st quarter. Meadow Creek Investment Management LLC now owns 3,094 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 476 shares in the last quarter. Finally, WFG Advisors LP grew its holdings in LegacyTexas Financial Group by 0.4% during the 1st quarter. WFG Advisors LP now owns 3,156 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 12 shares in the last quarter. 82.25% of the stock is owned by institutional investors.

Several research analysts have weighed in on LTXB shares. Zacks Investment Research raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub raised shares of LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Piper Jaffray Companies reissued a “buy” rating and set a $46.50 price objective on shares of LegacyTexas Financial Group in a report on Friday, August 25th. ValuEngine lowered shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Stephens reissued a “hold” rating and set a $42.00 price objective on shares of LegacyTexas Financial Group in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.10.

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In other LegacyTexas Financial Group news, Director Arcilia Acosta acquired 3,590 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was bought at an average price of $36.02 per share, for a total transaction of $129,311.80. Following the purchase, the director now owns 26,008 shares in the company, valued at approximately $936,808.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) opened at 37.36 on Wednesday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 17.80 and a beta of 1.16. The stock has a 50 day moving average of $37.16 and a 200 day moving average of $38.03. LegacyTexas Financial Group, Inc. has a 12-month low of $30.25 and a 12-month high of $44.94.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, July 27th. LegacyTexas Financial Group’s dividend payout ratio is 28.71%.

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.

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

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