Exclusive: Could LegacyTexas Financial Group Inc Lose its Strength? The Stock Reaches 52-Week High

Exclusive: Could LegacyTexas Financial Group Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) hit a new 52-week high and has $43.06 target or 8.00% above today’s $39.87 share price. The 8 months bullish chart indicates low risk for the $1.94B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $43.06 price target is reached, the company will be worth $155.20 million 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. About 229,729 shares traded hands. LegacyTexas Financial Group Inc (NASDAQ:LTXB) has risen 60.44% since April 28, 2016 and is uptrending. It has outperformed by 54.52% the S&P500.

Analysts await LegacyTexas Financial Group Inc (NASDAQ:LTXB) to report earnings on January, 24. They expect $0.56 EPS, up 60.00% or $0.21 from last year’s $0.35 per share. LTXB’s profit will be $27.25 million for 17.80 P/E if the $0.56 EPS becomes a reality. After $0.58 actual EPS 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. The company was initiated on Tuesday, June 7 by Compass Point. Compass Point maintained it with “Buy” rating and $35 target price in Thursday, July 21 report. Hovde Group maintained LegacyTexas Financial Group Inc (NASDAQ:LTXB) on Thursday, July 21 with “Market Perform” rating. The firm has “Strong Buy” rating by Raymond James given on Wednesday, April 20. The rating was downgraded by Raymond James to “Outperform” on Thursday, July 21. On Thursday, July 23 the stock rating was maintained by FBR Capital with “Mkt Perform”. As per Wednesday, May 18, the company rating was upgraded by FBR Capital. As per Friday, November 18, the company rating was downgraded by Compass Point. The firm has “Overweight” rating given on Thursday, April 21 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: Marketwatch.com, which released: “Legacy Texas Financial Group Inc.” on January 06, 2015. Prnewswire.com‘s article titled: “LegacyTexas Financial Group, Inc. Announces Pricing of $50 Million of …” and published on September 15, 2016 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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