Live Stock Coverage: It Seems LegacyTexas Financial Group Inc Will Go Up. Just Reaches 52-Week High

Live Stock Coverage: It Seems LegacyTexas Financial Group Inc Will Go Up. Just Reaches 52 Week High

The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) hit a new 52-week high and has $59.49 target or 58.00% above today’s $37.65 share price. The 6 months bullish chart indicates low risk for the $1.86B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $59.49 price target is reached, the company will be worth $1.08 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.66% or $1.33 during the last trading session, hitting $37.65. About 383,558 shares traded hands or 30.82% up from the average. LegacyTexas Financial Group Inc (NASDAQ:LTXB) has risen 99.67% since April 11, 2016 and is uptrending. It has outperformed by 93.52% the S&P500.

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. FBR Capital maintained it with “Mkt Perform” rating and $33 target price in Thursday, July 23 report. As per Wednesday, May 18, the company rating was upgraded by FBR Capital. The rating was maintained by Compass Point on Thursday, July 21 with “Buy”. The rating was initiated by Compass Point with “Buy” on Tuesday, June 7. Raymond James downgraded LegacyTexas Financial Group Inc (NASDAQ:LTXB) on Thursday, July 21 to “Outperform” rating. The stock has “Overweight” rating given by Stephens on Thursday, April 21. Hovde Group maintained it with “Market Perform” rating and $30 target price in Thursday, July 21 report. The company was upgraded on Wednesday, April 20 by Raymond James.

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 Declaration of Quarterly Cash Dividend” on October 18, 2016, also Prnewswire.com with their article: “LegacyTexas Financial Group, Inc. Announces Pricing of $50 Million of …” published on September 15, 2016, Marketwatch.com published: “Legacy Texas Financial downgraded to outperform from strong buy at Raymond James” on January 06, 2015. 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 Third Quarter Earnings …” published on October 05, 2016 as well as Prnewswire.com‘s news article titled: “LegacyTexas Financial Group, Inc. Announces Reopening of Subordinated Notes …” with publication date: September 12, 2016.

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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