In a report released today, Matt Olney from Stephens reiterated a Hold rating on LegacyTexas Financial (LTXB), with a price target of $39. The company’s shares closed yesterday at $38.07.
Olney commented:
“We expect LTXB to return to the investor penalty box in near-term as it demonstrates improving credit trends. We are decreasing our EPS forecast to account for the NIM compression and soft fees. We are decreasing our price target to $39 (was $45) which represents 12x our updated 2020 EPS forecast. We reiterate our Equal-Weight rating.”
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.6% and a 46.1% 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.
LegacyTexas Financial has an analyst consensus of Moderate Buy, with a price target consensus of $43.33.
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The company has a one-year high of $47.18 and a one-year low of $30.19. Currently, LegacyTexas Financial has an average volume of 315.1K.
Based on the recent corporate insider activity of 34 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.
