About LegacyTexas Financial Group (NASDAQ:LTXB)
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. 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:
- Market Cap: $1.89492 billion
- Outstanding Shares: 48,009,000
- 50 Day Moving Avg: $38.29
- 200 Day Moving Avg: $37.60
- 52 Week Range: $31.14 - $44.94
Sales & Book Value:
- Trailing P/E Ratio: 18.80
- Foreward P/E Ratio: 15.06
- P/E Growth: 1.48
- Annual Revenue: $307.99 million
- Price / Sales: 6.15
- Book Value: $19.90 per share
- Price / Book: 1.98
- Annual Dividend: $0.60
- Dividend Yield: 1.5%
- Net Margins: 25.44%
- Return on Equity: 10.94%
- Return on Assets: 1.14%
- Debt-to-Equity Ratio: 1.39%
- Current Ratio: 1.17%
- Quick Ratio: 1.17%
- 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?
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?
Some companies that are related to LegacyTexas Financial Group include Popular (BPOP), Ita? CorpBanca (ITCB), Grupo Aval Acciones y Valores S.A. (AVAL), Valley National Bancorp (VLY), Washington Federal (WAFD), TCF Financial Corporation (TCF), BancorpSouth (BXS), TCF Financial (TCF), Metro Bank PLC (MTRO), Glacier Bancorp (GBCI), Community Bank System (CBU), Cybg Plc (CYBG), International Bancshares Corporation (IBOC), CVB Financial Corporation (CVBF), Old National Bancorp (ONB), First Midwest Bancorp (FMBI), First Interstate BancSystem (FIBK) and Towne Bank (TOWN).
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?
MarketBeat Community Rating for LegacyTexas Financial Group (NASDAQ LTXB)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.
One share of LegacyTexas Financial Group stock can currently be purchased for approximately $39.47.
Consensus Ratings for LegacyTexas Financial Group (NASDAQ:LTXB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for LegacyTexas Financial Group (NASDAQ:LTXB)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$46.50||N/A|
|10/4/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$44.00||N/A|
|4/20/2017||Keefe, Bruyette & Woods||Upgrade||Market Perform -> Outperform||$45.00 -> $43.00||High|
|1/26/2017||FBR & Co||Reiterated Rating||Buy||$46.00||N/A|
|11/18/2016||Compass Point||Downgrade||Buy -> Neutral||N/A|
|7/21/2016||Raymond James Financial, Inc.||Downgrade||Strong-Buy -> Outperform||$32.00 -> $31.00||N/A|
|7/21/2016||Hovde Group||Boost Price Target||Market Perform||$27.00 -> $30.00||N/A|
|4/21/2016||DA Davidson||Boost Price Target||Buy||$26.00 -> $28.00||N/A|
Earnings History for LegacyTexas Financial Group (NASDAQ:LTXB)Earnings History by Quarter for LegacyTexas Financial Group (NASDAQ LTXB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/18/2017||Q2 2017||$0.56||$0.59||$87.93 million||$88.05 million||View||N/A|
|4/18/2017||Q1 2017||$0.58||$0.37||$88.75 million||$88.68 million||View||N/A|
|1/24/2017||Q416||$0.57||$0.54||$86.53 million||$86.36 million||View||N/A|
|10/18/2016||Q316||$0.51||$0.61||$82.23 million||$84.76 million||View||N/A|
|7/19/2016||Q216||$0.44||$0.50||$78.75 million||$83.07 million||View||N/A|
|4/19/2016||Q116||$0.40||$0.43||$74.92 million||$80.01 million||View||N/A|
|1/26/2016||Q415||$0.43||$0.35||$73.97 million||$75.34 million||View||Listen|
|10/20/2015||Q315||$0.45||$0.38||$72.33 million||$73.04 million||View||Listen|
|7/21/2015||Q215||$0.41||$0.44||$59.09 million||$59.82 million||View||Listen|
|4/21/2015||Q115||$0.34||$0.39||$62.18 million||$64.70 million||View||N/A|
|1/27/2015||Q4||$0.28||$0.29||$41.23 million||$41.12 million||View||N/A|
|10/21/2014||Q314||$0.26||$0.26||$43.26 million||$39.73 million||View||N/A|
|7/22/2014||Q214||$0.20||$0.26||$38.56 million||$38.35 million||View||N/A|
|4/22/2014||Q114||$0.20||$0.20||$31.32 million||$33.71 million||View||N/A|
|2/4/2014||Q413||$0.20||$0.19||$29.28 million||$30.07 million||View||N/A|
|7/23/2013||Q2 2013||$0.24||$0.21||$30.58 million||View||N/A|
|4/24/2013||Q1 2013||$0.27||$0.21||$33.20 million||View||N/A|
|2/7/2013||Q4 2012||$0.30||$0.28||$32.35 million||View||N/A|
Earnings Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)
2017 EPS Consensus Estimate: $2.39
2018 EPS Consensus Estimate: $2.66
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for LegacyTexas Financial Group (NASDAQ:LTXB)
|Most Recent Dividend:||8/14/2017|
|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 History by Quarter for LegacyTexas Financial Group (NASDAQ LTXB)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for LegacyTexas Financial Group (NASDAQ:LTXB)
Insider Ownership Percentage: 3.30%Insider Trades by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)
Institutional Ownership Percentage: 82.28%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/28/2017||Arcilia Acosta||Director||Buy||3,590||$36.02||$129,311.80|| |
|7/17/2017||Scott A Almy||COO||Sell||652||$38.12||$24,854.24|| |
|6/9/2017||Anthony J Levecchio||Director||Sell||12,000||$40.00||$480,000.00|| |
|5/24/2017||Charles D Eikenberg||EVP||Sell||669||$35.73||$23,903.37|| |
|5/8/2017||Scott A Almy||COO||Sell||3,000||$36.78||$110,340.00|| |
|3/16/2017||Anthony J Levecchio||Director||Sell||6,000||$41.76||$250,560.00|| |
|3/10/2017||George A Fisk||Director||Sell||7,500||$41.03||$307,725.00|| |
|2/15/2017||Anthony J Levecchio||Director||Sell||6,000||$42.49||$254,940.00|| |
|2/10/2017||George A Fisk||Director||Sell||7,500||$40.60||$304,500.00|| |
|2/9/2017||Charles D Eikenberg||EVP||Sell||5,000||$40.89||$204,450.00|| |
|1/27/2017||James Brian Mccall||Director||Sell||5,000||$41.99||$209,950.00|| |
|1/17/2017||Anthony J Levecchio||Director||Sell||6,000||$41.63||$249,780.00|| |
|1/10/2017||George A Fisk||Director||Sell||7,500||$41.24||$309,300.00|| |
|12/22/2016||James Brian Mccall||Director||Sell||5,000||$42.72||$213,600.00|| |
|12/19/2016||Anthony J Levecchio||Director||Sell||6,000||$41.86||$251,160.00|| |
|11/30/2016||Arcilia Acosta||Director||Sell||2,500||$39.35||$98,375.00|| |
|11/22/2016||George A Fisk||Director||Sell||10,000||$39.50||$395,000.00|| |
|11/17/2016||Thomas S Swiley||EVP||Sell||5,500||$38.68||$212,740.00|| |
|11/15/2016||George A Fisk||Director||Sell||10,000||$38.61||$386,100.00|| |
|11/15/2016||Kevin J Hanigan||CEO||Sell||6,000||$38.77||$232,620.00|| |
|11/14/2016||Charles D Eikenberg||EVP||Sell||4,000||$37.89||$151,560.00|| |
|11/11/2016||George A Fisk||Director||Sell||20,000||$36.84||$736,800.00|| |
|11/11/2016||Scott A Almy||COO||Sell||5,000||$37.62||$188,100.00|| |
|11/10/2016||Karen H Oshea||Director||Sell||7,850||$34.56||$271,296.00|| |
|11/9/2016||George A Fisk||Director||Sell||10,000||$34.27||$342,700.00|| |
|11/9/2016||J. Mays Davenport||CFO||Sell||5,000||$35.04||$175,200.00|| |
|10/31/2016||George A Fisk||Director||Sell||10,000||$34.09||$340,900.00|| |
|10/24/2016||George A Fisk||Director||Sell||10,000||$34.02||$340,200.00|| |
|10/21/2016||Mark L Williamson||EVP||Sell||48,200||$33.00||$1,590,600.00|| |
|7/18/2016||Scott A Almy||COO||Sell||669||$29.20||$19,534.80|| |
|4/28/2016||Greg Wilkinson||Director||Buy||1,000||$24.73||$24,730.00|| |
|4/26/2016||George A Fisk||Director||Sell||3,000||$25.00||$75,000.00|| |
|2/23/2016||Anthony J Levecchio||Director||Buy||2,000||$17.30||$34,600.00|| |
|2/2/2016||Thomas S Swiley||EVP||Buy||2,000||$18.85||$37,700.00|| |
|2/1/2016||Greg Wilkinson||Director||Buy||1,500||$19.26||$28,890.00|| |
|1/29/2016||Anthony J Levecchio||Director||Buy||3,000||$19.12||$57,360.00|| |
|1/29/2016||Kevin J. Hanigan||CEO||Buy||3,710||$19.19||$71,194.90|| |
|11/24/2015||George A Fisk||Director||Sell||2,000||$30.07||$60,140.00|| |
|11/5/2015||George A Fisk||Director||Sell||2,000||$30.58||$61,160.00|| |
|10/27/2015||George A Fisk||Director||Sell||5,000||$29.11||$145,550.00|| |
|8/31/2015||Scott A Almy||EVP||Sell||3,000||$27.76||$83,280.00|| |
|8/26/2015||Arcilia Acosta||Director||Buy||9,000||$27.06||$243,540.00|| |
|4/29/2015||Greg Wilkinson||Director||Buy||11,430||$26.15||$298,894.50|| |
|4/28/2015||George A Fisk||Director||Sell||10,363||$25.75||$266,847.25|| |
|2/27/2015||Arcilia Acosta||Director||Buy||1,993||$23.10||$46,038.30|| |
|2/4/2015||Thomas S Swiley||EVP||Buy||2,000||$21.95||$43,900.00|| |
|2/3/2015||James Brian Mccall||Director||Buy||2,500||$21.73||$54,325.00|| |
|1/30/2015||Anthony J Levecchio||Director||Buy||5,000||$20.05||$100,250.00|| |
|1/30/2015||Kevin J Hanigan||CEO||Buy||7,500||$20.02||$150,150.00|| |
|8/22/2013||Scott Almy||EVP||Sell||3,030||$20.47||$62,024.10|| |
|4/29/2013||James B Mccarley||Director||Buy||1,000||$18.11||$18,110.00|| |
|4/29/2013||Kevin J Hanigan||CEO||Buy||2,000||$18.03||$36,060.00|| |
|4/29/2013||Thomas S Swiley||EVP||Buy||3,500||$18.45||$64,575.00|| |
|2/13/2013||Pathie E Mckee||CFO||Buy||1,000||$20.00||$20,000.00|| |
|2/12/2013||Anthony J Levecchio||Director||Buy||2,000||$19.98||$39,960.00|| |
|2/12/2013||Kevin J Hanigan||CEO||Buy||1,500||$20.00||$30,000.00|| |
|2/12/2013||Scott A Almy||EVP||Buy||5,000||$19.91||$99,550.00|| |
Headline Trends for LegacyTexas Financial Group (NASDAQ:LTXB)
Latest Headlines for LegacyTexas Financial Group (NASDAQ:LTXB)
Loading headlines, please wait.
LegacyTexas Financial Group (LTXB) Chart for Sunday, October, 22, 2017