Hodges Capital Management buys $48,082,880 stake in LegacyTexas Financial Group Inc (LTXB)

LegacyTexas Financial Group Inc (LTXB) : Hodges Capital Management scooped up 126,792 additional shares in LegacyTexas Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,623,873 shares of LegacyTexas Financial Group Inc which is valued at $48,082,880.LegacyTexas Financial Group Inc makes up approximately 2.23% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag reduced its stake in LTXB by selling 6,122 shares or 12.76% in the most recent quarter. The Hedge Fund company now holds 41,860 shares of LTXB which is valued at $1,239,475. Trexquant Investment Lp sold out all of its stake in LTXB during the most recent quarter. The investment firm sold 27,594 shares of LTXB which is valued $817,058. Mutual Of America Capital Management added LTXB to its portfolio by purchasing 1,400 company shares during the most recent quarter which is valued at $39,494.American Century Companies Inc boosted its stake in LTXB in the latest quarter, The investment management firm added 37,771 additional shares and now holds a total of 941,938 shares of LegacyTexas Financial Group Inc which is valued at $27,730,655. LegacyTexas Financial Group Inc makes up approx 0.03% of American Century Companies Inc’s portfolio.

LegacyTexas Financial Group Inc opened for trading at $29.9 and hit $30.03 on the upside on Tuesday, eventually ending the session at $29.75, with a gain of 0.30% or 0.09 points. The heightened volatility saw the trading volume jump to 2,46,916 shares. Company has a market cap of $1,418 M.

On the company’s financial health, LegacyTexas Financial Group Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.44.Analysts expectations of $ 78.82.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on LegacyTexas Financial Group Inc. Company shares were Reiterated by Compass Point on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Company shares were Reiterated by Hovde Group on Jul 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .LegacyTexas Financial Group Inc was Downgraded by Raymond James to ” Outperform” on Jul 21, 2016.

LegacyTexas Financial Group Inc. formerly ViewPoint Financial Group Inc. is a stock holding company for its wholly owned subsidiary LegacyTexas Bank. The Company’s principal business consists of 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 owner-occupied one- to four-family residences and consumer loans. The Warehouse Purchase Program allows mortgage banking company customers to close one- to four-family real estate loans in the own name and manage its cash flow needs until the loans are sold to investors. It offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third-party brokerage arrangement.

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