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About LegacyTexas Financial Group (NASDAQ:LTXB)
LegacyTexas Financial Group, Inc. operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts. The company's lending products comprise commercial and consumer real estate loans; secured and unsecured commercial and industrial loans; permanent loans secured by first and second mortgages on one- to four-family residences; construction and land loans; and secured and unsecured consumer loans, including new and used automobile loans, recreational vehicle loans, and loans secured by savings deposits. It also provides insurance and title services. As of January 23, 2018, the company had 3 administrative offices, 44 full-service branches, and 1 commercial loan production office located in Houston, Texas, as well as a Warehouse Purchase Program office located in Littleton, Colorado. The company was formerly known as ViewPoint Financial Group, Inc. and changed its name to LegacyTexas Financial Group, Inc. in January 2015. LegacyTexas Financial Group, Inc. is headquartered in Plano, Texas.
Industry, Sector and Symbol
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:LTXB
CUSIP92672A10
Phone972-578-5000
Debt
Debt-to-Equity Ratio0.75
Current Ratio1.10
Quick Ratio1.09
Price-To-Earnings
Trailing P/E Ratio19.84
Forward P/E Ratio14.97
P/E Growth1.51
Sales & Book Value
Annual Sales$410.44 million
Price / Sales5.09
Cash Flow$2.3524 per share
Price / Cash18.39
Book Value$20.29 per share
Price / Book2.13
Profitability
EPS (Most Recent Fiscal Year)$2.18
Net Income$89.49 million
Net Margins23.15%
Return on Equity11.46%
Return on Assets1.22%
Miscellaneous
Employees869
Outstanding Shares48,260,000
LegacyTexas Financial Group (NASDAQ:LTXB) Frequently Asked Questions
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 Tuesday, April 17th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.16 per share on Monday, May 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, April 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 results on Tuesday, April, 17th. The financial services provider reported $0.52 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.71 by $0.19. The financial services provider had revenue of $91.51 million for the quarter, compared to analyst estimates of $89.67 million. LegacyTexas Financial Group had a return on equity of 11.46% and a net margin of 23.15%. During the same quarter in the prior year, the company posted $0.37 earnings per share. View LegacyTexas Financial Group's Earnings History.
When is LegacyTexas Financial Group's next earnings date?
What price target have analysts set for LTXB?
8 brokerages have issued 12-month target prices for LegacyTexas Financial Group's stock. Their forecasts range from $41.00 to $53.00. On average, they anticipate LegacyTexas Financial Group's share price to reach $47.80 in the next twelve months. View Analyst Ratings for LegacyTexas Financial Group.
Are investors shorting LegacyTexas Financial Group?
LegacyTexas Financial Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,760,838 shares, an increase of 34.6% from the April 30th total of 1,308,260 shares. Based on an average trading volume of 265,425 shares, the days-to-cover ratio is presently 6.6 days. Currently, 3.9% of the shares of the stock are sold short.
Who are some of LegacyTexas Financial Group's key competitors?
Some companies that are related to LegacyTexas Financial Group include People's United Financial (PBCT), Umpqua (UMPQ), BankUnited (BKU), TFS Financial (TFSL), BofI (BOFI), Flagstar Bancorp (FBC), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Kearny Financial (KRNY), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Meta Financial Group (CASH), BBX Capital Corp Class B (BBXTB), Northfield Bancorp (NFBK) and Dime Community Bancshares (DCOM).
Who are LegacyTexas Financial Group's key executives?
LegacyTexas Financial Group's management team includes the folowing people:
- Mr. Kevin J. Hanigan, Pres, CEO & Director (Age 61)
- Mr. John Mays Davenport, Exec. VP, CFO & Principal Accounting Officer (Age 50)
- Mr. Scott A. Almy, COO, Chief Risk Officer, EVP & Gen. Counsel (Age 51)
- Mr. Charles D. Eikenberg, Exec. VP of Community Banking (Age 63)
- Mr. Thomas S. Swiley, Exec. VP & Chief Lending Officer (Age 68)
Has LegacyTexas Financial Group been receiving favorable news coverage?
News stories about LTXB stock have been trending positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LegacyTexas Financial Group earned a coverage optimism score of 0.42 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 45.30 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are LegacyTexas Financial Group's major shareholders?
LegacyTexas Financial Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.71%), Neuberger Berman Group LLC (6.33%), Northern Trust Corp (1.95%), PNC Financial Services Group Inc. (1.68%), American Century Companies Inc. (1.64%) and Wells Fargo & Company MN (1.60%). 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.
Which institutional investors are selling LegacyTexas Financial Group stock?
LTXB stock was sold by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Banc Funds Co. LLC, Neuberger Berman Group LLC, Envestnet Asset Management Inc., Comerica Bank, PNC Financial Services Group Inc., American Century Companies Inc. and Maltese Capital Management LLC. Company insiders that have sold LegacyTexas Financial Group company stock in the last year include Anthony J Levecchio, Charles D Eikenberg, George A Fisk, Greg Wilkinson, Karen H Oshea and Scott A Almy. View Insider Buying and Selling for LegacyTexas Financial Group.
Which institutional investors are buying LegacyTexas Financial Group stock?
LTXB stock was bought by a variety of institutional investors in the last quarter, including Royal Bank of Canada, BlackRock Inc., Impax Asset Management LLC, Elizabeth Park Capital Advisors Ltd., Citadel Advisors LLC, RMB Capital Management LLC, FSI Group LLC and Mendon Capital Advisors Corp. View Insider Buying and Selling for LegacyTexas Financial Group.
How do I buy shares of LegacyTexas Financial Group?
Shares of LTXB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 LTXB stock can currently be purchased for approximately $43.26.
How big of a company is LegacyTexas Financial Group?
LegacyTexas Financial Group has a market capitalization of $2.11 billion and generates $410.44 million in revenue each year. The financial services provider earns $89.49 million in net income (profit) each year or $2.18 on an earnings per share basis. LegacyTexas Financial Group employs 869 workers across the globe.
How can I contact LegacyTexas Financial Group?
LegacyTexas Financial Group's mailing address is 5851 LEGACY CIRCLE, PLANO TX, 75024. The financial services provider can be reached via phone at 972-578-5000 or via email at [email protected]
MarketBeat Community Rating for LegacyTexas Financial Group (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 LTXB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LTXB will underperform the S&P 500 over the long term. You may vote once every thirty days.
LegacyTexas Financial Group (NASDAQ:LTXB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for LegacyTexas Financial Group in the last 12 months. Their average twelve-month price target is $47.80, suggesting that the stock has a possible upside of 10.49%. The high price target for LTXB is $53.00 and the low price target for LTXB is $41.00. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.50 | 2.83 | 2.80 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $47.80 | $47.80 | $47.5833 | $44.50 |
| Price Target Upside: | 10.49% upside | 18.19% upside | 6.02% upside | 11.39% upside |
LegacyTexas Financial Group (NASDAQ:LTXB) Consensus Price Target History
LegacyTexas Financial Group (NASDAQ:LTXB) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
LegacyTexas Financial Group (NASDAQ:LTXB) Dividend Information
LegacyTexas Financial Group pays an annual dividend of $0.64 per share, with a dividend yield of 1.48%. LTXB's most recent quarterly dividend payment was Monday, May 14. LegacyTexas Financial Group pays out 29.36% of its earnings out as a dividend.
| Most Recent Dividend: | 5/14/2018 |
| Annual Dividend: | $0.64 |
| Dividend Yield: | 1.48% |
| Payout Ratio(s): | 29.36% (Trailing 12 Months of Earnings)
22.15% (Based on This Year's Estimates)
19.22% (Based on Next Year's Estimates)
27.21% (Based on Cash Flow)
|
LegacyTexas Financial Group (NASDAQ:LTXB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/17/2018 | Quarterly | $0.16 | 1.58% | 4/27/2018 | 4/30/2018 | 5/14/2018 |
| 1/24/2018 | quarterly | $0.16 | 1.43% | 2/2/2018 | 2/5/2018 | 2/16/2018 |
| 10/25/2017 | quarterly | $0.16 | 1.6% | 11/3/2017 | 11/6/2017 | 11/20/2017 |
| 7/19/2017 | quarterly | $0.15 | 1.56% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 4/19/2017 | quarterly | $0.15 | 1.69% | 4/27/2017 | 5/1/2017 | 5/15/2017 |
| 1/25/2017 | quarterly | $0.15 | 1.45% | 2/2/2017 | 2/6/2017 | 2/17/2017 |
| 10/19/2016 | Quarterly | $0.15 | | 10/27/2016 | 10/31/2016 | 11/14/2016 |
| 7/19/2016 | Quarterly | $0.15 | | 7/28/2016 | 8/1/2016 | 8/15/2016 |
| 4/19/2016 | Quarterly | $0.14 | | 4/28/2016 | 5/2/2016 | 5/16/2016 |
| 1/26/2016 | Quarterly | $0.14 | | 2/4/2016 | 2/8/2016 | 2/22/2016 |
| 10/20/2015 | Quarterly | $0.14 | | 10/29/2015 | 11/2/2015 | 11/16/2015 |
| 7/21/2015 | | $0.14 | | 7/30/2015 | 8/3/2015 | 8/17/2015 |
| 4/22/2015 | quarterly | $0.13 | 2.06% | 4/30/2015 | 5/4/2015 | 5/18/2015 |
| 1/28/2015 | quarterly | $0.13 | 2.62% | 2/5/2015 | 2/9/2015 | 2/23/2015 |
| 10/21/2014 | quarterly | $0.12 | 1.9% | 10/30/2014 | 11/3/2014 | 11/14/2014 |
| 7/22/2014 | quarterly | $0.12 | 1.88% | 7/31/2014 | 8/4/2014 | 8/18/2014 |
| 4/22/2014 | quarterly | $0.12 | 1.8% | 5/1/2014 | 5/5/2014 | 5/19/2014 |
| 2/4/2014 | quarterly | $0.12 | 1.99% | 2/13/2014 | 2/18/2014 | 3/4/2014 |
| 10/22/2013 | quarterly | $0.12 | 2.22% | 10/31/2013 | 11/4/2013 | 11/18/2013 |
| 7/23/2013 | quarterly | $0.10 | 1.85% | 8/1/2013 | 8/5/2013 | 8/19/2013 |
| 4/24/2013 | quarterly | $0.10 | 2.23% | 5/2/2013 | 5/6/2013 | 5/20/2013 |
| 12/11/2012 | quarterly | $0.10 | 1.94% | 12/19/2012 | 12/21/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
LegacyTexas Financial Group (NASDAQ LTXB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.10%
Institutional Ownership Percentage: 85.50%
LegacyTexas Financial Group (NASDAQ LTXB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/22/2018 | George A Fisk | Director | Sell | 5,000 | $44.42 | $222,100.00 | |  |
| 3/1/2018 | Scott A Almy | COO | Sell | 1,558 | $42.16 | $65,685.28 | | |
| 2/26/2018 | Scott A Almy | COO | Sell | 5,000 | $42.90 | $214,500.00 | | |
| 2/5/2018 | Charles D Eikenberg | EVP | Sell | 10,000 | $44.01 | $440,100.00 | | |
| 2/2/2018 | Karen H Oshea | Director | Sell | 5,000 | $45.00 | $225,000.00 | | |
| 1/31/2018 | Charles D Eikenberg | EVP | Sell | 5,000 | $44.18 | $220,900.00 | | |
| 12/4/2017 | Greg Wilkinson | Director | Sell | 5,000 | $43.00 | $215,000.00 | | |
| 11/29/2017 | George A Fisk | Director | Sell | 22,500 | $42.00 | $945,000.00 | | |
| 10/27/2017 | George A Fisk | Director | Sell | 22,500 | $41.00 | $922,500.00 | | |
| 8/28/2017 | Arcilia Acosta | Director | Buy | 3,590 | $36.02 | $129,311.80 | 26,008 | |
| 7/17/2017 | Scott A Almy | COO | Sell | 652 | $38.12 | $24,854.24 | 46,260 | |
| 6/9/2017 | Anthony J Levecchio | Director | Sell | 12,000 | $40.00 | $480,000.00 | 56,730 | |
| 5/24/2017 | Charles D Eikenberg | EVP | Sell | 669 | $35.73 | $23,903.37 | 40,490 | |
| 5/8/2017 | Scott A Almy | COO | Sell | 3,000 | $36.78 | $110,340.00 | 46,912 | |
| 3/16/2017 | Anthony J Levecchio | Director | Sell | 6,000 | $41.76 | $250,560.00 | 52,730 | |
| 3/10/2017 | George A Fisk | Director | Sell | 7,500 | $41.03 | $307,725.00 | 245,981 | |
| 2/15/2017 | Anthony J Levecchio | Director | Sell | 6,000 | $42.49 | $254,940.00 | 58,730 | |
| 2/10/2017 | George A Fisk | Director | Sell | 7,500 | $40.60 | $304,500.00 | 253,481 | |
| 2/9/2017 | Charles D Eikenberg | EVP | Sell | 5,000 | $40.89 | $204,450.00 | 41,450 | |
| 1/27/2017 | James Brian Mccall | Director | Sell | 5,000 | $41.99 | $209,950.00 | 47,484 | |
| 1/17/2017 | Anthony J Levecchio | Director | Sell | 6,000 | $41.63 | $249,780.00 | 67,230 | |
| 1/10/2017 | George A Fisk | Director | Sell | 7,500 | $41.24 | $309,300.00 | 260,981 | |
| 12/22/2016 | James Brian Mccall | Director | Sell | 5,000 | $42.72 | $213,600.00 | 57,484 | |
| 12/19/2016 | Anthony J Levecchio | Director | Sell | 6,000 | $41.86 | $251,160.00 | 70,730 | |
| 11/30/2016 | Arcilia Acosta | Director | Sell | 2,500 | $39.35 | $98,375.00 | 22,258 | |
| 11/22/2016 | George A Fisk | Director | Sell | 10,000 | $39.50 | $395,000.00 | 268,481 | |
| 11/17/2016 | Thomas S Swiley | EVP | Sell | 5,500 | $38.68 | $212,740.00 | 61,950 | |
| 11/15/2016 | George A Fisk | Director | Sell | 10,000 | $38.61 | $386,100.00 | 278,481 | |
| 11/15/2016 | Kevin J Hanigan | CEO | Sell | 6,000 | $38.77 | $232,620.00 | 156,664 | |
| 11/14/2016 | Charles D Eikenberg | EVP | Sell | 4,000 | $37.89 | $151,560.00 | 46,450 | |
| 11/11/2016 | George A Fisk | Director | Sell | 20,000 | $36.84 | $736,800.00 | 298,481 | |
| 11/11/2016 | Scott A Almy | COO | Sell | 5,000 | $37.62 | $188,100.00 | 50,157 | |
| 11/10/2016 | Karen H Oshea | Director | Sell | 7,850 | $34.56 | $271,296.00 | 60,077 | |
| 11/9/2016 | George A Fisk | Director | Sell | 10,000 | $34.27 | $342,700.00 | 308,481 | |
| 11/9/2016 | J. Mays Davenport | CFO | Sell | 5,000 | $35.04 | $175,200.00 | 77,219 | |
| 10/31/2016 | George A Fisk | Director | Sell | 10,000 | $34.09 | $340,900.00 | 318,481 | |
| 10/24/2016 | George A Fisk | Director | Sell | 10,000 | $34.02 | $340,200.00 | 328,481 | |
| 10/21/2016 | Mark L Williamson | EVP | Sell | 48,200 | $33.00 | $1,590,600.00 | 76,702 | |
| 7/18/2016 | Scott A Almy | COO | Sell | 669 | $29.20 | $19,534.80 | 50,357 | |
| 4/28/2016 | Greg Wilkinson | Director | Buy | 1,000 | $24.73 | $24,730.00 | 58,630 | |
| 4/26/2016 | George A Fisk | Director | Sell | 3,000 | $25.00 | $75,000.00 | 346,841 | |
| 2/23/2016 | Anthony J Levecchio | Director | Buy | 2,000 | $17.30 | $34,600.00 | 74,890 | |
| 2/2/2016 | Thomas S Swiley | EVP | Buy | 2,000 | $18.85 | $37,700.00 | 60,800 | |
| 2/1/2016 | Greg Wilkinson | Director | Buy | 1,500 | $19.26 | $28,890.00 | 58,630 | |
| 1/29/2016 | Anthony J Levecchio | Director | Buy | 3,000 | $19.12 | $57,360.00 | 72,890 | |
| 1/29/2016 | Kevin J. Hanigan | CEO | Buy | 3,710 | $19.19 | $71,194.90 | 149,114 | |
| 11/24/2015 | George A Fisk | Director | Sell | 2,000 | $30.07 | $60,140.00 | 349,841 | |
| 11/5/2015 | George A Fisk | Director | Sell | 2,000 | $30.58 | $61,160.00 | 351,841 | |
| 10/27/2015 | George A Fisk | Director | Sell | 5,000 | $29.11 | $145,550.00 | 353,841 | |
| 8/31/2015 | Scott A Almy | EVP | Sell | 3,000 | $27.76 | $83,280.00 | 52,851 | |
| 8/26/2015 | Arcilia Acosta | Director | Buy | 9,000 | $27.06 | $243,540.00 | 17,493 | |
| 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 | 55,352 | |
| 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 | | |
(Data available from 1/1/2013 forward)
LegacyTexas Financial Group (NASDAQ LTXB) News Headlines
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LegacyTexas Financial Group (NASDAQ:LTXB) SEC Filings
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LegacyTexas Financial Group (NASDAQ:LTXB) Income Statement, Balance Sheet and Cash Flow Statement
LegacyTexas Financial Group (NASDAQ LTXB) Stock Chart for Friday, May, 25, 2018
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