LegacyTexas Financial Group Inc (LTXB) Releases Earnings Results, Beats Expectations By $0.06 EPS

LegacyTexas Financial Group Inc (LTXB) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.44. Analysts expectations of $78.82 million. During the same quarter in the previous year, the company posted $0.44 EPS.

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.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 .

LegacyTexas Financial Group Inc closed down -0.58 points or -1.97% at $28.92 with 3,94,260 shares getting traded on Monday. Post opening the session at $29.34, the shares hit an intraday low of $28.89 and an intraday high of $29.4999 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 26, 2016, George A. Fisk (director) sold 3,000 shares at $26.39 per share price. According to the SEC, on May 2, 2016, Greg Wilkinson (director) purchased 1,000 shares at $24.73 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

Leave a Reply

LegacyTexas Financial Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on LegacyTexas Financial Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.