Compass Point Initiates Coverage on LegacyTexas Financial Group Inc to Buy

Compass Point Initiates Coverage on LegacyTexas Financial Group Inc(NASDAQ:LTXB). The shares have been rated Buy. The rating by Compass Point was issued on Jun 7, 2016.

In a different note, On May 18, 2016, FBR Capital said it Upgrades its rating on LegacyTexas Financial Group Inc. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 21, 2016, Stephens & Co. said it Upgrades its rating on LegacyTexas Financial Group Inc. The shares have been rated ‘Overweight’ by the firm. On Apr 20, 2016, Raymond James said it Upgrades its rating on LegacyTexas Financial Group Inc. The shares have been rated ‘Strong Buy’ by the firm.

LegacyTexas Financial Group Inc (LTXB) shares turned negative on Fridays trading session with the shares closing down -0.51 points or -1.85% at a volume of 3,58,640. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.31. The peak price level was also seen at $27.31 while the days lowest was $26.76. Finally the shares closed at $27.07. The 52-week high of the shares is $32.5 while the 52-week low is $16.79. According to the latest information available, the market cap of the company is $1,290 M.

LegacyTexas Financial Group Inc(LTXB) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $65.35M. Analysts had an estimated revenue of $67.87M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, George A. Fisk (director) sold 3,000 shares at $26.39 per share price.Also, On May 2, 2016, Greg Wilkinson (director) purchased 1,000 shares at $24.73 per share price.On Feb 3, 2016, Thomas S Swiley (EVP, Chief Lending Officer) purchased 2,000 shares at $18.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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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