Metropolitan Life Insurance Co. NY Sells 1,528 Shares of LegacyTexas Financial Group, Inc. (LTXB)

Metropolitan Life Insurance Co. NY reduced its position in LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,148 shares of the financial services provider’s stock after selling 1,528 shares during the period. Metropolitan Life Insurance Co. NY owned 0.06% of LegacyTexas Financial Group worth $1,203,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in shares of LegacyTexas Financial Group during the fourth quarter valued at $1,397,000. AQR Capital Management LLC boosted its position in shares of LegacyTexas Financial Group by 24.1% in the fourth quarter. AQR Capital Management LLC now owns 65,224 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 12,683 shares during the period. Norges Bank bought a new position in shares of LegacyTexas Financial Group during the fourth quarter valued at $13,101,000. USA Financial Portformulas Corp bought a new position in shares of LegacyTexas Financial Group during the fourth quarter valued at $538,000. Finally, Teachers Advisors LLC boosted its position in shares of LegacyTexas Financial Group by 13.0% in the fourth quarter. Teachers Advisors LLC now owns 644,580 shares of the financial services provider’s stock valued at $27,756,000 after buying an additional 74,246 shares during the period. 81.07% of the stock is owned by institutional investors and hedge funds.

LegacyTexas Financial Group, Inc. (LTXB) opened at 39.74 on Wednesday. The stock has a 50 day moving average price of $37.85 and a 200 day moving average price of $39.19. The stock has a market capitalization of $1.85 billion, a PE ratio of 19.11 and a beta of 1.15. LegacyTexas Financial Group, Inc. has a 12 month low of $27.86 and a 12 month high of $44.94.

LegacyTexas Financial Group (NASDAQ:LTXB) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $88.05 million during the quarter, compared to analyst estimates of $87.93 million. LegacyTexas Financial Group had a return on equity of 10.94% and a net margin of 25.44%. LegacyTexas Financial Group’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. On average, equities research analysts forecast that LegacyTexas Financial Group, Inc. will post $2.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 28.71%.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Stephens reiterated a “hold” rating and issued a $42.00 price target on shares of LegacyTexas Financial Group in a research report on Wednesday, July 19th. BidaskClub upgraded LegacyTexas Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $42.00 price target (down from $47.00) on shares of LegacyTexas Financial Group in a research report on Saturday, April 22nd. Finally, Keefe, Bruyette & Woods upgraded LegacyTexas Financial Group from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $45.00 to $43.00 in a research report on Thursday, April 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. LegacyTexas Financial Group has an average rating of “Hold” and a consensus target price of $44.20.

In other news, COO Scott A. Almy sold 3,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $36.78, for a total value of $110,340.00. Following the completion of the sale, the chief operating officer now directly owns 46,912 shares in the company, valued at approximately $1,725,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony J. Levecchio sold 12,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the director now owns 56,730 shares of the company’s stock, valued at $2,269,200. The disclosure for this sale can be found here. Insiders sold a total of 16,321 shares of company stock valued at $639,098 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and 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.

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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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