LegacyTexas Financial Group Inc (LTXB) is Reiterated by Compass Point to Buy, Raises Price Target to $ 35

LegacyTexas Financial Group Inc (LTXB) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 . Compass Point advised their investors in a research report released on Jul 21, 2016.

Many Wall Street Analysts have commented on LegacyTexas Financial Group Inc. Compass Point Initiated LegacyTexas Financial Group Inc on Jun 7, 2016 to “Buy”, Price Target of the shares are set at $33.FBR Capital Resumed LegacyTexas Financial Group Inc on May 18, 2016 to “Outperform”, Price Target of the shares are set at $30.

On the company’s financial health, LegacyTexas Financial Group Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.44.Analysts expectations of $ 78.82.During the same quarter in the previous year, the company posted $0.44 EPS.

LegacyTexas Financial Group Inc opened for trading at $29.43 and hit $29.43 on the upside on Wednesday, eventually ending the session at $28.7, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 6,94,271 shares. Company has a market cap of $1,367 M.

In a different news, on Jul 20, 2016, Scott A Almy (EVP, Chief Operating Officer) sold 669 shares at $29.20 per share price. According to the SEC, on May 26, 2016, George A. Fisk (director) sold 3,000 shares at $26.39 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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