Nichols Asset Management Lowers stake in LegacyTexas Financial Group Inc (LTXB)

LegacyTexas Financial Group Inc (LTXB) : Nichols Asset Management reduced its stake in LegacyTexas Financial Group Inc by 0.81% during the most recent quarter end. The investment management company now holds a total of 318,916 shares of LegacyTexas Financial Group Inc which is valued at $7,813,442 after selling 2,618 shares in LegacyTexas Financial Group Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.LegacyTexas Financial Group Inc makes up approximately 1.68% of Nichols Asset Management’s portfolio.

LegacyTexas Financial Group Inc closed down -0.33 points or -1.32% at $24.59 with 2,99,018 shares getting traded on Wednesday. Post opening the session at $24.81, the shares hit an intraday low of $24.45 and an intraday high of $25.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Beacon Capital Management sold out all of its stake in LTXB during the most recent quarter. The investment firm sold 1 shares of LTXB which is valued $25.1st Global Advisors boosted its stake in LTXB in the latest quarter, The investment management firm added 6,310 additional shares and now holds a total of 22,106 shares of LegacyTexas Financial Group Inc which is valued at $429,299. LegacyTexas Financial Group Inc makes up approx 0.06% of 1st Global Advisors’s portfolio.Capstone Asset Management Co reduced its stake in LTXB by selling 970 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 14,280 shares of LTXB which is valued at $277,318. LegacyTexas Financial Group Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

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. 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 was Upgraded by Raymond James to ” Strong Buy” on Apr 20, 2016.

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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