The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) reached all time high today, Oct, 5 and still has $55.00 target or 66.00% above today’s $33.13 share price. This indicates more upside for the $1.60B company. This technical setup was reported by Barchart.com. If the $55.00 PT is reached, the company will be worth $1.06B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 57,653 shares traded hands. LegacyTexas Financial Group Inc (NASDAQ:LTXB) has risen 69.59% since March 2, 2016 and is uptrending. It has outperformed by 61.33% the S&P500.
Analysts await LegacyTexas Financial Group Inc (NASDAQ:LTXB) to report earnings on October, 18. They expect $0.51 earnings per share, up 34.21% or $0.13 from last year’s $0.38 per share. LTXB’s profit will be $24.63 million for 16.24 P/E if the $0.51 EPS becomes a reality. After $0.50 actual earnings per share reported by LegacyTexas Financial Group Inc for the previous quarter, Wall Street now forecasts 2.00% EPS growth.
LegacyTexas Financial Group Inc (NASDAQ:LTXB) Ratings Coverage
Out of 6 analysts covering LegacyTexas Group (NASDAQ:LTXB), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. LegacyTexas Group has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Thursday, April 21 by Stephens. As per Wednesday, April 20, the company rating was upgraded by Raymond James. The stock has “Buy” rating given by Compass Point on Tuesday, June 7. The firm has “Outperform” rating given on Thursday, July 21 by Raymond James. The rating was maintained by FBR Capital on Thursday, July 23 with “Mkt Perform”. Compass Point maintained the shares of LTXB in a report on Thursday, July 21 with “Buy” rating. The stock has “Market Perform” rating given by Hovde Group on Thursday, July 21. On Wednesday, May 18 the stock rating was upgraded by FBR Capital to “Outperform”.
According to Zacks Investment Research, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas.”
More notable recent LegacyTexas Financial Group Inc (NASDAQ:LTXB) news were published by: Prnewswire.com which released: “LegacyTexas Financial Group, Inc. Announces Pricing of $50 Million of …” on September 15, 2016, also Marketwatch.com with their article: “Legacy Texas Financial Group Inc.” published on January 06, 2015, Prnewswire.com published: “LegacyTexas Financial Group, Inc. Announces Reopening of Subordinated Notes …” on September 12, 2016. More interesting news about LegacyTexas Financial Group Inc (NASDAQ:LTXB) were released by: Prnewswire.com and their article: “LegacyTexas Financial Group, Inc. Announces Dates of Second Quarter Earnings …” published on July 06, 2016 as well as Prnewswire.com‘s news article titled: “LegacyTexas Financial Group, Inc. Reports Third Quarter 2015 Earnings” with publication date: October 20, 2015.
LTXB Company Profile
LegacyTexas Financial Group, Inc., incorporated on March 10, 2010, is a bank holding company. LegacyTexas Bank is its wholly owned principal operating subsidiary. The Firm is engaged in 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 one- to four-family residences and consumer loans. The Warehouse Purchase Program allows mortgage banking firm clients to close one- to four-family real estate loans in their own name and manage its cash flow needs until the loans are sold to investors. It offers insurance and title services, as well as brokerage services for the purchase and sale of non-deposit investment and insurance products through a third-party brokerage arrangement.
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