In a report released today, Michael Rose from Raymond James upgraded LegacyTexas Financial (NASDAQ: LTXB) to Buy. The company’s shares closed yesterday at $39.02.
According to TipRanks.com, Rose is a 5-star analyst with an average return of 12.2% and a 74.0% success rate. Rose covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Cadence Bancorporation, and Bank Of The Ozarks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LegacyTexas Financial with a $47 average price target.
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Based on LegacyTexas Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $25.69 million. In comparison, last year the company had a net profit of $27.84 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.
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Legacy Texas Financial Group, Inc. is a bank holding company, which engages in the provision of financial services. It offers personal banking, commercial banking, business banking, corporate banking, commercial real estate, warehouse lending, mortgage, insurance, and title services.
