LegacyTexas Financial Group Inc (LTXB) is Resumed by FBR Capital to Outperform, Price Target at $30

LegacyTexas Financial Group Inc (LTXB) was Resumed by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $30. FBR Capital advised their investors in a research report released on May 18, 2016.

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.

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.

LegacyTexas Financial Group Inc opened for trading at $23.99 and hit $24.8 on the upside on Monday, eventually ending the session at $24.42, with a gain of 2.43% or 0.58 points. The heightened volatility saw the trading volume jump to 2,29,183 shares. Company has a market cap of $1,164 M.

In a different news, on May 2, 2016, Greg Wilkinson (director) purchased 1,000 shares at $24.73 per share price. According to the SEC, on Apr 27, 2016, George A. Fisk (director) sold 3,000 shares at $25.00 per share price. On Feb 3, 2016, Thomas S Swiley (EVP, Chief Lending Officer) purchased 2,000 shares at $18.85 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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