LegacyTexas Financial Group Inc (LTXB) Releases Earnings Results, Beats Expectations By $0.10 EPS

LegacyTexas Financial Group Inc (LTXB) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. LTXB said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.51. Analysts expectations of $82.57 million. 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. Company shares were Reiterated by Compass Point on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Company shares were Reiterated by Hovde Group on Jul 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .LegacyTexas Financial Group Inc was Downgraded by Raymond James to ” Outperform” on Jul 21, 2016.

LegacyTexas Financial Group Inc opened for trading at $32.35 and hit $32.75 on the upside on Friday, eventually ending the session at $32.32, with a gain of 1.44% or 0.46 points. The heightened volatility saw the trading volume jump to 2,46,830 shares. Company has a market cap of $1,541 M.

In a different news, on Aug 9, 2016, George A. Fisk (director) sold 5,000 shares at $29.78 per share price. According to the SEC, on Jul 20, 2016, Scott A Almy (EVP, Chief Operating Officer) sold 669 shares at $29.20 per share price. On May 2, 2016, Greg Wilkinson (director) purchased 1,000 shares at $24.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

LegacyTexas Financial Group Inc

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