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
Industry BANKS & THRIFTS
Sub-IndustryThrifts & Mortgage Finance
Trailing P/E Ratio20.94
Forward P/E Ratio14.18
Sales & Book Value
Annual Sales$410.44 million
Price / Sales5.25
Cash Flow$2.34 per share
Price / Cash19.10
Book Value$19.95 per share
Price / Book2.24
Net Income$89.49 million
Return on Equity10.94%
Return on Assets1.15%
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 declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Monday, February 5th will be given a dividend of $0.16 per share on Friday, February 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, February 2nd. View LegacyTexas Financial Group's Dividend History.
How were LegacyTexas Financial Group's earnings last quarter?
LegacyTexas Financial Group Inc (NASDAQ:LTXB) announced its earnings results on Tuesday, January, 23rd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.02. The financial services provider earned $87.10 million during the quarter, compared to the consensus estimate of $91.99 million. LegacyTexas Financial Group had a net margin of 21.80% and a return on equity of 10.94%. The firm's revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. 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 2018?
6 Wall Street analysts have issued 12 month price targets for LegacyTexas Financial Group's stock. Their predictions range from $43.00 to $53.00. On average, they expect LegacyTexas Financial Group's stock price to reach $47.58 in the next twelve months. View Analyst Ratings for LegacyTexas Financial Group.
Are investors shorting LegacyTexas Financial Group?
LegacyTexas Financial Group saw a decline in short interest in the month of February. As of February 15th, there was short interest totalling 773,630 shares, a decline of 44.8% from the January 31st total of 1,400,808 shares. Based on an average daily volume of 268,667 shares, the short-interest ratio is presently 2.9 days. Approximately 1.7% of the company's shares are short sold.
Who are some of LegacyTexas Financial Group's key competitors?
Some companies that are related to LegacyTexas Financial Group include TFS Financial (TFSL), Valley National Bancorp (VLY), Investors Bancorp (ISBC), Home Bancshares (HOMB), Chemical Financial (CHFC), First Hawaiian (FHB), TCF Financial (TCF), Associated Banc (ASB), United Bankshares (UBSI), UMB Financial (UMBF), MB Financial (MBFI), Bank of Hawaii (BOH), Cathay General Bancorp (CATY), Glacier Bancorp (GBCI), Fulton Financial (FULT), First Financial Bankshares (FFIN), South State (SSB) and Columbia Banking System (COLB).
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 (Age 70)
- Kevin J. Hanigan, President, Chief Executive Officer, Director of the company and the Bank. (Age 60)
- George A. Fisk, Independent Vice Chairman (Age 67)
- J. Mays Davenport, Chief Financial Officer, Executive Vice President (Age 49)
- Scott A. Almy, Chief Operating Officer, Executive Vice President, Chief Risk Officer, General Counsel (Age 50)
- Charles D. Eikenberg, Executive Vice President - Community Banking (Age 62)
- Thomas S. Swiley, Executive Vice President and Chief Lending Officer (Age 67)
- Arcilia C. Acosta, Independent Director (Age 51)
- Bruce W. Hunt, Independent Director (Age 59)
- James Brian McCall Ph.D., Independent Director (Age 58)
Has LegacyTexas Financial Group been receiving favorable news coverage?
Media headlines about LTXB stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LegacyTexas Financial Group earned a news sentiment score of 0.13 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 44.65 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are LegacyTexas Financial Group's major shareholders?
LegacyTexas Financial Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.95%), Goldman Sachs Group Inc. (4.73%), Snyder Capital Management L P (1.98%), Glenmede Trust Co. NA (1.77%), American Century Companies Inc. (1.74%) and Wells Fargo & Company MN (1.59%). 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 major investors are selling LegacyTexas Financial Group stock?
LTXB stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Cambiar Investors LLC, Hodges Capital Management Inc., Alliancebernstein L.P., Advisory Research Inc., Snyder Capital Management L P, Kennedy Capital Management Inc. and Cullen Frost Bankers Inc.. 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 major investors are buying LegacyTexas Financial Group stock?
LTXB stock was purchased by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Port Capital LLC, American Century Companies Inc., Maltese Capital Management LLC, Clearbridge LLC, Millennium Management LLC, Glenmede Trust Co. NA and Arizona State Retirement System. Company insiders that have bought LegacyTexas Financial Group stock in the last two years include Arcilia Acosta and Greg Wilkinson. 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 $44.68.
How big of a company is LegacyTexas Financial Group?
LegacyTexas Financial Group has a market capitalization of $2.19 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 $1.89 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 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.
LegacyTexas Financial Group (NASDAQ:LTXB) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.83||2.83||2.80||2.60|
|Ratings Breakdown: ||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)
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)
|0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$47.58||$47.58||$44.90||$44.38|
|Price Target Upside: ||6.50% upside||6.02% upside||9.67% upside||21.18% upside|
LegacyTexas Financial Group (NASDAQ:LTXB) Consensus Price Target History
LegacyTexas Financial Group (NASDAQ:LTXB) Analyst Ratings History
(Data available from 3/22/2016 forward)
LegacyTexas Financial Group (NASDAQ:LTXB) Earnings History and Estimates Chart
LegacyTexas Financial Group (NASDAQ LTXB) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/23/2018||Q4 2017||$0.62||$0.60||$91.99 million||$87.10 million||View||Listen|
|10/24/2017||Q3 2017||$0.61||$0.61||$91.51 million||$91.10 million||View||N/A|
|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|
|10/22/2013||Q3 2013||$0.24||$0.21||$36.94 million||$34.41 million||View||N/A|
|7/23/2013||Q2 2013||$0.24||$0.21||$30.58 million||$36.18 million||View||N/A|
|4/24/2013||Q1 2013||$0.27||$0.21||$33.20 million||$34.38 million||View||N/A|
|2/7/2013||Q4 2012||$0.30||$0.28||$32.35 million||View||N/A|
LegacyTexas Financial Group (NASDAQ:LTXB) Earnings Estimates
2018 EPS Consensus Estimate: $3.03
2019 EPS Consensus Estimate: $3.50
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
LegacyTexas Financial Group (NASDAQ:LTXB) Dividend Information
|Most Recent Dividend:||2/16/2018|
|Payout Ratio:||33.86% (Trailing 12 Months of Earnings) |
20.32% (Based on This Year's Estimates)
18.60% (Based on Next Year's Estimates)
LegacyTexas Financial Group (NASDAQ:LTXB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
LegacyTexas Financial Group (NASDAQ LTXB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.10%
Institutional Ownership Percentage: 85.40%
LegacyTexas Financial Group (NASDAQ LTXB) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
LegacyTexas Financial Group (NASDAQ LTXB) News Headlines
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 Thursday, March, 22, 2018