LegacyTexas Financial Gets a Hold from KBW

By Ryan Adsit

KBW analyst Christopher Mcgratty reiterated a Hold rating on LegacyTexas Financial (NASDAQ: LTXB) yesterday and set a price target of $45. The company’s shares closed yesterday at $37.61.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 13.3% and a 65.1% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Carolina Financial Corporation, and First Connecticut Bancorp Inc.

LegacyTexas Financial has an analyst consensus of Moderate Buy, with a price target consensus of $47.

LegacyTexas Financial’s market cap is currently $1.77B and has a P/E ratio of 18.80. The company has a book value ratio of 2.0036.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.

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Legacy Texas Financial Group, Inc. operates as the holding company which engages in providing financial services. Its services include personal banking, commercial banking, business banking, corporate banking, commercial real estate, warehouse lending, mortgage, insurance, and title services. It also offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement. The company was founded 1952 and is headquartered in Plano, TX.