The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) hit a new 52-week high and has $42.49 target or 7.00% above today’s $39.71 share price. The 7 months bullish chart indicates low risk for the $1.93B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $42.49 price target is reached, the company will be worth $135.10M 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 last traded at $39.71 per share. It is down 65.18% since April 21, 2016 and is uptrending. It has outperformed by 59.85% the S&P500.
Analysts await LegacyTexas Financial Group Inc (NASDAQ:LTXB) to report earnings on January, 24. They expect $0.56 earnings per share, up 60.00% or $0.21 from last year’s $0.35 per share. LTXB’s profit will be $27.22 million for 17.73 P/E if the $0.56 EPS becomes a reality. After $0.58 actual earnings per share reported by LegacyTexas Financial Group Inc for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.
LegacyTexas Financial Group Inc (NASDAQ:LTXB) Ratings Coverage
Out of 6 analysts covering LegacyTexas Group (NASDAQ:LTXB), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. LegacyTexas Group has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Compass Point initiated LegacyTexas Financial Group Inc (NASDAQ:LTXB) on Tuesday, June 7 with “Buy” rating. The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) earned “Outperform” rating by Raymond James on Thursday, July 21. The company was downgraded on Friday, November 18 by Compass Point. Hovde Group maintained the stock with “Market Perform” rating in Thursday, July 21 report. On Thursday, July 21 the stock rating was maintained by Compass Point with “Buy”. The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) has “Strong Buy” rating given on Wednesday, April 20 by Raymond James. On Wednesday, May 18 the stock rating was upgraded by FBR Capital to “Outperform”. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, July 23. As per Thursday, April 21, the company rating was upgraded by Stephens.
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 news for LegacyTexas Financial Group Inc (NASDAQ:LTXB) were recently published by: Prnewswire.com, which released: “LegacyTexas Financial Group, Inc. Announces Pricing of $50 Million of …” on September 15, 2016. Marketwatch.com‘s article titled: “Legacy Texas Financial downgraded to outperform from strong buy at Raymond James” and published on January 06, 2015 is yet another important article.
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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