Hodges Capital Management buys $40.2 Million stake in LegacyTexas Financial Group Inc (LTXB)

LegacyTexas Financial Group Inc (LTXB) : Hodges Capital Management scooped up 158,312 additional shares in LegacyTexas Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 1,497,081 shares of LegacyTexas Financial Group Inc which is valued at $40.2 Million.LegacyTexas Financial Group Inc makes up approximately 1.83% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in LTXB in the latest quarter, The investment management firm added 728 additional shares and now holds a total of 7,792 shares of LegacyTexas Financial Group Inc which is valued at $201,969. LegacyTexas Financial Group Inc makes up approx 0.01% of Mason Street Advisors’s portfolio. Robeco Institutional Asset Management B.v. sold out all of its stake in LTXB during the most recent quarter. The investment firm sold 17,758 shares of LTXB which is valued $460,287. Walleye Trading added LTXB to its portfolio by purchasing 566 company shares during the most recent quarter which is valued at $14,671.Citadel Advisors reduced its stake in LTXB by selling 390,297 shares or 77.9% in the most recent quarter. The Hedge Fund company now holds 110,721 shares of LTXB which is valued at $2.6 Million. LegacyTexas Financial Group Inc makes up approx 0.01% of Citadel Advisors’s portfolio.Parametric Portfolio Associates reduced its stake in LTXB by selling 17,417 shares or 45.96% in the most recent quarter. The Hedge Fund company now holds 20,483 shares of LTXB which is valued at $488,315.

LegacyTexas Financial Group Inc opened for trading at $26.7 and hit $27.12 on the upside on Wednesday, eventually ending the session at $27.11, with a gain of 0.71% or 0.19 points. The heightened volatility saw the trading volume jump to 1,94,992 shares. Company has a market cap of $1,292 M.

On the company’s financial health, LegacyTexas Financial Group Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.40.Analysts expectations of $ 74.07.During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on LegacyTexas Financial Group Inc. FBR Capital Resumed LegacyTexas Financial Group Inc on May 18, 2016 to “Outperform”, Price Target of the shares are set at $30.Company shares were Reiterated by FBR Capital on Apr 21, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .Company shares were Reiterated by DA Davidson on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

LegacyTexas Financial Group Inc. formerly ViewPoint Financial Group Inc. is a stock holding company for its wholly owned subsidiary LegacyTexas Bank. The Company’s principal business consists of attracting retail deposits from the general public and the 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 owner-occupied one- to four-family residences and consumer loans. The Warehouse Purchase Program allows mortgage banking company customers to close one- to four-family real estate loans in the own name and manage its cash flow needs until the loans are sold to investors. It offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third-party brokerage arrangement.

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