Companies in the Financial sector have received a lot of coverage today as analysts weigh in on LegacyTexas Financial (LTXB) and Centerstate Banks (CSFL).
LegacyTexas Financial (LTXB)
In a report released yesterday, Matt Olney from Stephens maintained a Hold rating on LegacyTexas Financial, with a price target of $45. The company’s shares closed yesterday at $41.22.
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.6% and a 45.1% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
Currently, the analyst consensus on LegacyTexas Financial is a Hold with an average price target of $43.50.
See today’s analyst top recommended stocks >>
Centerstate Banks (CSFL)
Stephens analyst Tyler Stafford maintained a Buy rating on Centerstate Banks yesterday and set a price target of $30. The company’s shares closed yesterday at $24.80.
Stafford commented:
“We have an Overweight rating. See below for +/-. KEY POINTS: Positives. Core NIM (ex. $12.9 mil. accretion) expanded 3 bps q/q to 3.90% (vs. our 3.88%) and core FTE NII of $101.9 mil. came in slightly above our $101.6 mil. IB deposit cost pressure declined (+8 bps vs. +12 bps in 4Q) and core loan yields expanded 9 bps. While averages were down -2% q/q, EOP NIB deposits increased +8% (+32% LQA). Negatives. Loan growth was essentially flat (+0.4% LQA), missing our 6.8% and Street’s 7.6% estimate. Fee income of $29.3 mil. was a miss to our and Street at $31.5 mil. while expenses of $78.1 mil. missed our $76.2 mil. and Street’s $76.8 mil.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.7% and a 59.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centerstate Banks with a $30 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
