Insiders Don’t Lie: The Insider and director of LegacyTexas Financial Group Inc (NASDAQ:LTXB), George Fisk, Unloaded 10,000 Shares

November 23, 2016 - By Dolores Ford

Insiders Don't Lie: The Insider and director of LegacyTexas Financial Group Inc (NASDAQ:LTXB), George Fisk, Unloaded 10,000 Shares

George Fisk Insider Sell

Yesterday, a giant insider trading transaction was made. George Fisk, the director and an insider of Legacytexas Financial Group Inc unloaded precisely 10,000 shares of Legacytexas Financial Group Inc, worth close to $395,000 US Dollars, at $39.5 per share at the time of the transaction. In the last 30 days, he also unloaded 50,000 shares with value $1,805,660 USD. George Fisk today owns 268,481 shares which make up around 0.58% of the Texas-based company’s total market capitalization.

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. $35 is the highest target while $29 is the lowest. The $31.40 average target is -20.45% below today’s ($39.47) stock price. LegacyTexas Group has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Compass Point on Thursday, July 21. FBR Capital maintained LegacyTexas Financial Group Inc (NASDAQ:LTXB) on Thursday, July 23 with “Mkt Perform” rating. On Thursday, July 21 the stock rating was downgraded by Raymond James to “Outperform”. The firm has “Strong Buy” rating by Raymond James given on Wednesday, April 20. Stephens upgraded the stock to “Overweight” rating in Thursday, April 21 report. The firm earned “Outperform” rating on Wednesday, May 18 by FBR Capital. The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) earned “Buy” rating by Compass Point on Tuesday, June 7. Hovde Group maintained LegacyTexas Financial Group Inc (NASDAQ:LTXB) on Thursday, July 21 with “Market Perform” rating. As per Friday, November 18, the company rating was downgraded by Compass Point.

The stock decreased 0.60% or $0.24 during the last trading session, hitting $39.47. About 167,027 shares traded hands. LegacyTexas Financial Group Inc (NASDAQ:LTXB) has risen 65.18% since April 21, 2016 and is uptrending. It has outperformed by 59.85% the S&P500.

LegacyTexas Financial Group, Inc. is a bank holding company. The company has a market cap of $1.91 billion. LegacyTexas Bank is its wholly owned principal operating subsidiary. It has a 20.67 P/E ratio. 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.

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.”

Analysts await LegacyTexas Financial Group Inc (NASDAQ:LTXB) to report earnings on January, 24. They expect $0.56 earnings per share, up 60.00% or $0.21 from last year’s $0.35 per share. LTXB’s profit will be $27.10M for 17.62 P/E if the $0.56 EPS becomes a reality. After $0.58 actual earnings per share reported by LegacyTexas Financial Group Inc for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

More news for LegacyTexas Financial Group Inc (NASDAQ:LTXB) were recently published by: Prnewswire.com, which released: “LegacyTexas Financial Group, Inc. Announces Pricing of $50 Million of ..” on September 15, 2016. Marketwatch.com‘s article titled: “Legacy Texas Financial downgraded to outperform from strong buy at Raymond James” and published on January 06, 2015 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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