LegacyTexas Financial Group Company Profile (NASDAQ:LTXB)

About LegacyTexas Financial Group (NASDAQ:LTXB)

LegacyTexas Financial Group logoLegacyTexas 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. Its Warehouse Purchase Program allows mortgage banking company customers to close one- to four-family real estate loans in their own name and manage its cash flow needs until the loans are sold to investors. It offers title services, as well as brokerage services for purchase and sale of non-deposit investment and insurance products through a third-party brokerage arrangement.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $1.89492 billion
  • Outstanding Shares: 48,009,000
Average Prices:
  • 50 Day Moving Avg: $38.29
  • 200 Day Moving Avg: $37.60
  • 52 Week Range: $31.14 - $44.94
P/E:
  • Trailing P/E Ratio: 18.80
  • Foreward P/E Ratio: 15.06
  • P/E Growth: 1.48
Sales & Book Value:
  • Annual Revenue: $307.99 million
  • Price / Sales: 6.15
  • Book Value: $19.90 per share
  • Price / Book: 1.98
Dividend:
  • Annual Dividend: $0.60
  • Dividend Yield: 1.5%
Profitability:
  • Net Margins: 25.44%
  • Return on Equity: 10.94%
  • Return on Assets: 1.14%
Debt:
  • Debt-to-Equity Ratio: 1.39%
  • Current Ratio: 1.17%
  • Quick Ratio: 1.17%
Misc:
  • Average Volume: 203,297 shs.
  • Beta: 1.17
  • Short Ratio: 7.92
 

Frequently Asked Questions for LegacyTexas Financial Group (NASDAQ:LTXB)

What is LegacyTexas Financial Group's stock symbol?

LegacyTexas Financial Group trades on the NASDAQ under the ticker symbol "LTXB."

How often does LegacyTexas Financial Group pay dividends? What is the dividend yield for LegacyTexas Financial Group?

LegacyTexas Financial Group announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.15 per share on Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, July 27th. View LegacyTexas Financial Group's Dividend History.

How were LegacyTexas Financial Group's earnings last quarter?

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) posted its quarterly earnings data on Tuesday, July, 19th. The company reported $0.50 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.06. The firm had revenue of $83.07 million for the quarter, compared to the consensus estimate of $78.75 million. LegacyTexas Financial Group had a net margin of 25.44% and a return on equity of 10.94%. View LegacyTexas Financial Group's Earnings History.

When will LegacyTexas Financial Group make its next earnings announcement?

LegacyTexas Financial Group is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for LegacyTexas Financial Group.

Where is LegacyTexas Financial Group's stock going? Where will LegacyTexas Financial Group's stock price be in 2017?

6 brokers have issued 1-year price objectives for LegacyTexas Financial Group's shares. Their forecasts range from $42.00 to $46.50. On average, they expect LegacyTexas Financial Group's stock price to reach $44.30 in the next twelve months. View Analyst Ratings for LegacyTexas Financial Group.

What are analysts saying about LegacyTexas Financial Group stock?

Here are some recent quotes from research analysts about LegacyTexas Financial Group stock:

  • 1. According to Zacks Investment Research, "LegacyTexas Financial Group, Inc. is a bank holding company. The company's holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. " (10/6/2017)
  • 2. FBR & Co analysts commented, "LTXB reported 4Q16 EPS of $0.54, below our $0.56 estimate. The miss was largely due to elevated provision expenses (due to two energy credits being downgraded to nonperforming) and a lower net interest margin (NIM) due to incrementally higher deposit costs. We think NPAs and provisioning costs will improve in 1Q17, in part given that the energy sector is in the later stages of recovery. We are also expecting funding costs to continue rising in 1Q17, but they should be offset by discount accretion income from an energy loan acquired at a discount in late 4Q16. On the strategic front, while LTXB continues to actively examine acquisition, merger, or possible sale options, we think nothing is going to happen in 1Q17. LTXB appears to be taking a wait-and-see attitude to possible changes in the regulatory environment for banks and how that will affect mergers and acquisitions." (1/26/2017)

Who are some of LegacyTexas Financial Group's key competitors?

Who are LegacyTexas Financial Group's key executives?

LegacyTexas Financial Group's management team includes the folowing people:

  • Anthony J. LeVecchio, Independent Chairman of the Board
  • Kevin J. Hanigan, President, Chief Executive Officer, Director of the company and the Bank.
  • George A. Fisk, Independent Vice Chairman
  • J. Mays Davenport, Chief Financial Officer, Executive Vice President
  • Scott A. Almy, Chief Operating Officer, Executive Vice President, Chief Risk Officer, General Counsel
  • Charles D. Eikenberg, Executive Vice President - Community Banking
  • Thomas S. Swiley, Executive Vice President and Chief Lending Officer
  • Arcilia C. Acosta, Independent Director
  • Bruce W. Hunt, Independent Director
  • James Brian McCall Ph.D., Independent Director

Who owns LegacyTexas Financial Group stock?

LegacyTexas Financial Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Eqis Capital Management Inc. (0.01%). Company insiders that own LegacyTexas Financial Group stock include Anthony J Levecchio, Arcilia Acosta, Charles D Eikenberg, George A Fisk, Greg Wilkinson, J Mays Davenport, James Brian Mccall, Karen H Oshea, Kevin J Hanigan, Mark L Williamson, Scott A Almy and Thomas S Swiley. View Institutional Ownership Trends for LegacyTexas Financial Group.

Who bought LegacyTexas Financial Group stock? Who is buying LegacyTexas Financial Group stock?

LegacyTexas Financial Group's stock was bought by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. Company insiders that have bought LegacyTexas Financial Group stock in the last two years include Anthony J Levecchio, Arcilia Acosta, Greg Wilkinson, Kevin J Hanigan and Thomas S Swiley. View Insider Buying and Selling for LegacyTexas Financial Group.

How do I buy LegacyTexas Financial Group stock?

Shares of LegacyTexas Financial Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is LegacyTexas Financial Group's stock price today?

One share of LegacyTexas Financial Group stock can currently be purchased for approximately $39.47.


MarketBeat Community Rating for LegacyTexas Financial Group (NASDAQ LTXB)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  148 (Vote Outperform)
Underperform Votes:  148 (Vote Underperform)
Total Votes:  296
MarketBeat's community ratings are surveys of what our community members think about LegacyTexas Financial Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for LegacyTexas Financial Group (NASDAQ:LTXB) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $44.30 (12.24% upside)
Consensus Price Target History for LegacyTexas Financial Group (NASDAQ:LTXB)
Price Target History for LegacyTexas Financial Group (NASDAQ:LTXB)
Analysts' Ratings History for LegacyTexas Financial Group (NASDAQ:LTXB)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Piper Jaffray CompaniesReiterated RatingBuy$46.50N/AView Rating Details
10/4/2017SunTrust Banks, Inc.Reiterated RatingBuy$44.00N/AView Rating Details
7/19/2017StephensReiterated RatingHold$42.00LowView Rating Details
4/20/2017Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$45.00 -> $43.00HighView Rating Details
1/26/2017FBR & CoReiterated RatingBuy$46.00N/AView Rating Details
11/18/2016Compass PointDowngradeBuy -> NeutralN/AView Rating Details
7/21/2016Raymond James Financial, Inc.DowngradeStrong-Buy -> Outperform$32.00 -> $31.00N/AView Rating Details
7/21/2016Hovde GroupBoost Price TargetMarket Perform$27.00 -> $30.00N/AView Rating Details
4/21/2016DA DavidsonBoost Price TargetBuy$26.00 -> $28.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for LegacyTexas Financial Group (NASDAQ:LTXB)
Earnings by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)
Earnings History by Quarter for LegacyTexas Financial Group (NASDAQ LTXB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017$0.61N/AView Earnings Details
7/18/2017Q2 2017$0.56$0.59$87.93 million$88.05 millionViewN/AView Earnings Details
4/18/2017Q1 2017$0.58$0.37$88.75 million$88.68 millionViewN/AView Earnings Details
1/24/2017Q416$0.57$0.54$86.53 million$86.36 millionViewN/AView Earnings Details
10/18/2016Q316$0.51$0.61$82.23 million$84.76 millionViewN/AView Earnings Details
7/19/2016Q216$0.44$0.50$78.75 million$83.07 millionViewN/AView Earnings Details
4/19/2016Q116$0.40$0.43$74.92 million$80.01 millionViewN/AView Earnings Details
1/26/2016Q415$0.43$0.35$73.97 million$75.34 millionViewListenView Earnings Details
10/20/2015Q315$0.45$0.38$72.33 million$73.04 millionViewListenView Earnings Details
7/21/2015Q215$0.41$0.44$59.09 million$59.82 millionViewListenView Earnings Details
4/21/2015Q115$0.34$0.39$62.18 million$64.70 millionViewN/AView Earnings Details
1/27/2015Q4$0.28$0.29$41.23 million$41.12 millionViewN/AView Earnings Details
10/21/2014Q314$0.26$0.26$43.26 million$39.73 millionViewN/AView Earnings Details
7/22/2014Q214$0.20$0.26$38.56 million$38.35 millionViewN/AView Earnings Details
4/22/2014Q114$0.20$0.20$31.32 million$33.71 millionViewN/AView Earnings Details
2/4/2014Q413$0.20$0.19$29.28 million$30.07 millionViewN/AView Earnings Details
7/23/2013Q2 2013$0.24$0.21$30.58 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.27$0.21$33.20 millionViewN/AView Earnings Details
2/7/2013Q4 2012$0.30$0.28$32.35 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)
2017 EPS Consensus Estimate: $2.39
2018 EPS Consensus Estimate: $2.66
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.56$0.60$0.58
Q2 20173$0.57$0.61$0.59
Q3 20173$0.61$0.62$0.61
Q4 20173$0.59$0.63$0.61
Q1 20182$0.61$0.66$0.64
Q2 20182$0.64$0.66$0.65
Q3 20182$0.66$0.72$0.69
Q4 20182$0.68$0.69$0.69
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for LegacyTexas Financial Group (NASDAQ:LTXB)
Most Recent Dividend:8/14/2017
Annual Dividend:$0.60
Dividend Yield:1.52%
Payout Ratio:28.71% (Trailing 12 Months of Earnings)
27.52% (Based on This Year's Estimates)
22.90% (Based on Next Year's Estimates)
Dividend Payments by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

Dividend History by Quarter for LegacyTexas Financial Group (NASDAQ LTXB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/19/2017quarterly$0.151.56%7/27/20177/31/20178/14/2017
4/19/2017quarterly$0.151.69%4/27/20175/1/20175/15/2017
1/25/2017quarterly$0.151.45%2/2/20172/6/20172/17/2017
10/19/2016Quarterly$0.1510/27/201610/31/201611/14/2016
7/19/2016Quarterly$0.157/28/20168/1/20168/15/2016
4/19/2016Quarterly$0.144/28/20165/2/20165/16/2016
1/26/2016Quarterly$0.142/4/20162/8/20162/22/2016
10/20/2015Quarterly$0.1410/29/201511/2/201511/16/2015
7/21/2015$0.147/30/20158/3/20158/17/2015
4/22/2015quarterly$0.132.06%4/30/20155/4/20155/18/2015
1/28/2015quarterly$0.132.62%2/5/20152/9/20152/23/2015
10/21/2014quarterly$0.121.9%10/30/201411/3/201411/14/2014
7/22/2014quarterly$0.121.88%7/31/20148/4/20148/18/2014
4/22/2014quarterly$0.121.8%5/1/20145/5/20145/19/2014
2/4/2014quarterly$0.121.99%2/13/20142/18/20143/4/2014
10/22/2013quarterly$0.122.22%10/31/201311/4/201311/18/2013
7/23/2013quarterly$0.101.85%8/1/20138/5/20138/19/2013
4/24/2013quarterly$0.102.23%5/2/20135/6/20135/20/2013
12/11/2012quarterly$0.101.94%12/19/201212/21/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for LegacyTexas Financial Group (NASDAQ:LTXB)
Insider Ownership Percentage: 3.30%
Institutional Ownership Percentage: 82.28%
Insider Trades by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)
Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)
Insider Trades by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/28/2017Arcilia AcostaDirectorBuy3,590$36.02$129,311.80View SEC Filing  
7/17/2017Scott A AlmyCOOSell652$38.12$24,854.24View SEC Filing  
6/9/2017Anthony J LevecchioDirectorSell12,000$40.00$480,000.00View SEC Filing  
5/24/2017Charles D EikenbergEVPSell669$35.73$23,903.37View SEC Filing  
5/8/2017Scott A AlmyCOOSell3,000$36.78$110,340.00View SEC Filing  
3/16/2017Anthony J LevecchioDirectorSell6,000$41.76$250,560.00View SEC Filing  
3/10/2017George A FiskDirectorSell7,500$41.03$307,725.00View SEC Filing  
2/15/2017Anthony J LevecchioDirectorSell6,000$42.49$254,940.00View SEC Filing  
2/10/2017George A FiskDirectorSell7,500$40.60$304,500.00View SEC Filing  
2/9/2017Charles D EikenbergEVPSell5,000$40.89$204,450.00View SEC Filing  
1/27/2017James Brian MccallDirectorSell5,000$41.99$209,950.00View SEC Filing  
1/17/2017Anthony J LevecchioDirectorSell6,000$41.63$249,780.00View SEC Filing  
1/10/2017George A FiskDirectorSell7,500$41.24$309,300.00View SEC Filing  
12/22/2016James Brian MccallDirectorSell5,000$42.72$213,600.00View SEC Filing  
12/19/2016Anthony J LevecchioDirectorSell6,000$41.86$251,160.00View SEC Filing  
11/30/2016Arcilia AcostaDirectorSell2,500$39.35$98,375.00View SEC Filing  
11/22/2016George A FiskDirectorSell10,000$39.50$395,000.00View SEC Filing  
11/17/2016Thomas S SwileyEVPSell5,500$38.68$212,740.00View SEC Filing  
11/15/2016George A FiskDirectorSell10,000$38.61$386,100.00View SEC Filing  
11/15/2016Kevin J HaniganCEOSell6,000$38.77$232,620.00View SEC Filing  
11/14/2016Charles D EikenbergEVPSell4,000$37.89$151,560.00View SEC Filing  
11/11/2016George A FiskDirectorSell20,000$36.84$736,800.00View SEC Filing  
11/11/2016Scott A AlmyCOOSell5,000$37.62$188,100.00View SEC Filing  
11/10/2016Karen H OsheaDirectorSell7,850$34.56$271,296.00View SEC Filing  
11/9/2016George A FiskDirectorSell10,000$34.27$342,700.00View SEC Filing  
11/9/2016J. Mays DavenportCFOSell5,000$35.04$175,200.00View SEC Filing  
10/31/2016George A FiskDirectorSell10,000$34.09$340,900.00View SEC Filing  
10/24/2016George A FiskDirectorSell10,000$34.02$340,200.00View SEC Filing  
10/21/2016Mark L WilliamsonEVPSell48,200$33.00$1,590,600.00View SEC Filing  
7/18/2016Scott A AlmyCOOSell669$29.20$19,534.80View SEC Filing  
4/28/2016Greg WilkinsonDirectorBuy1,000$24.73$24,730.00View SEC Filing  
4/26/2016George A FiskDirectorSell3,000$25.00$75,000.00View SEC Filing  
2/23/2016Anthony J LevecchioDirectorBuy2,000$17.30$34,600.00View SEC Filing  
2/2/2016Thomas S SwileyEVPBuy2,000$18.85$37,700.00View SEC Filing  
2/1/2016Greg WilkinsonDirectorBuy1,500$19.26$28,890.00View SEC Filing  
1/29/2016Anthony J LevecchioDirectorBuy3,000$19.12$57,360.00View SEC Filing  
1/29/2016Kevin J. HaniganCEOBuy3,710$19.19$71,194.90View SEC Filing  
11/24/2015George A FiskDirectorSell2,000$30.07$60,140.00View SEC Filing  
11/5/2015George A FiskDirectorSell2,000$30.58$61,160.00View SEC Filing  
10/27/2015George A FiskDirectorSell5,000$29.11$145,550.00View SEC Filing  
8/31/2015Scott A AlmyEVPSell3,000$27.76$83,280.00View SEC Filing  
8/26/2015Arcilia AcostaDirectorBuy9,000$27.06$243,540.00View SEC Filing  
4/29/2015Greg WilkinsonDirectorBuy11,430$26.15$298,894.50View SEC Filing  
4/28/2015George A FiskDirectorSell10,363$25.75$266,847.25View SEC Filing  
2/27/2015Arcilia AcostaDirectorBuy1,993$23.10$46,038.30View SEC Filing  
2/4/2015Thomas S SwileyEVPBuy2,000$21.95$43,900.00View SEC Filing  
2/3/2015James Brian MccallDirectorBuy2,500$21.73$54,325.00View SEC Filing  
1/30/2015Anthony J LevecchioDirectorBuy5,000$20.05$100,250.00View SEC Filing  
1/30/2015Kevin J HaniganCEOBuy7,500$20.02$150,150.00View SEC Filing  
8/22/2013Scott AlmyEVPSell3,030$20.47$62,024.10View SEC Filing  
4/29/2013James B MccarleyDirectorBuy1,000$18.11$18,110.00View SEC Filing  
4/29/2013Kevin J HaniganCEOBuy2,000$18.03$36,060.00View SEC Filing  
4/29/2013Thomas S SwileyEVPBuy3,500$18.45$64,575.00View SEC Filing  
2/13/2013Pathie E MckeeCFOBuy1,000$20.00$20,000.00View SEC Filing  
2/12/2013Anthony J LevecchioDirectorBuy2,000$19.98$39,960.00View SEC Filing  
2/12/2013Kevin J HaniganCEOBuy1,500$20.00$30,000.00View SEC Filing  
2/12/2013Scott A AlmyEVPBuy5,000$19.91$99,550.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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LegacyTexas Financial Group (LTXB) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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