Stephens analyst Matt Olney assigned a Hold rating to LegacyTexas Financial (NASDAQ: LTXB) yesterday and set a price target of $41. The company’s shares closed yesterday at $39.02.
According to TipRanks.com, Olney is a 4-star analyst with an average return of 8.2% and a 67.2% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Financial Bankshares, and Allegiance Bancshares Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LegacyTexas Financial with a $45.33 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.
