Metropolitan Life Insurance Co NY trimmed its holdings in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,438 shares of the financial services provider’s stock after selling 373 shares during the period. Metropolitan Life Insurance Co NY’s holdings in LegacyTexas Financial Group were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Pearl River Capital LLC bought a new stake in shares of LegacyTexas Financial Group in the fourth quarter worth about $25,000. First Quadrant L P CA bought a new stake in shares of LegacyTexas Financial Group in the first quarter worth about $107,000. Everence Capital Management Inc. bought a new stake in shares of LegacyTexas Financial Group in the first quarter worth about $209,000. Neuburgh Advisers LLC increased its holdings in shares of LegacyTexas Financial Group by 17.2% in the fourth quarter. Neuburgh Advisers LLC now owns 5,664 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 832 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of LegacyTexas Financial Group in the first quarter worth about $217,000. Institutional investors and hedge funds own 85.14% of the company’s stock.
Shares of NASDAQ LTXB traded up $0.20 during trading hours on Friday, reaching $41.94. The stock had a trading volume of 201,242 shares, compared to its average volume of 490,206. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55. The company has a fifty day moving average price of $39.84. LegacyTexas Financial Group Inc has a 52-week low of $30.18 and a 52-week high of $47.18.
Several equities research analysts have recently issued reports on the company. Piper Jaffray Companies reduced their target price on Cactus from $42.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, June 18th. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Raymond James set a C$80.00 price objective on West Fraser Timber and gave the stock a “strong-buy” rating in a research note on Tuesday, June 18th. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Sandler O’Neill cut LegacyTexas Financial Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $43.00 to $42.00 in a research note on Tuesday, June 18th. Ten research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $42.79.
LegacyTexas Financial Group Profile
LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.
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