Notable Price Action: It Seems LegacyTexas Financial Group Inc Will Go Up. Have Another Big Increase

Notable Price Action: It Seems LegacyTexas Financial Group Inc Will Go Up. Have Another Big Increase

The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) is a huge mover today! About 143,166 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.
The move comes after 6 months positive chart setup for the $1.60 billion company. It was reported on Oct, 5 by Barchart.com. We have $48.26 PT which if reached, will make NASDAQ:LTXB worth $720.00M more.

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 $24.52 million for 16.31 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. Compass Point maintained LegacyTexas Financial Group Inc (NASDAQ:LTXB) rating on Thursday, July 21. Compass Point has “Buy” rating and $35 price target. Compass Point initiated LegacyTexas Financial Group Inc (NASDAQ:LTXB) rating on Tuesday, June 7. Compass Point has “Buy” rating and $33 price target. As per Thursday, July 21, the company rating was maintained by Hovde Group. On Thursday, July 21 the stock rating was downgraded by Raymond James to “Outperform”. The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) earned “Strong Buy” rating by Raymond James on Wednesday, April 20. FBR Capital maintained it with “Mkt Perform” rating and $33 target price in Thursday, July 23 report. The firm has “Overweight” rating by Stephens given on Thursday, April 21. The firm has “Outperform” rating given on Wednesday, May 18 by FBR Capital.

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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