The stock of LegacyTexas Financial Group Inc (NASDAQ:LTXB) reached all time high today, Nov, 14 and still has $52.22 target or 38.00% above today’s $37.84 share price. This indicates more upside for the $1.87B company. This technical setup was reported by Barchart.com. If the $52.22 PT is reached, the company will be worth $710.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 313,771 shares traded hands or 2.51% up from the average. LegacyTexas Financial Group Inc (NASDAQ:LTXB) has risen 100.91% since April 12, 2016 and is uptrending. It has outperformed by 95.92% the S&P500.
LegacyTexas Financial Group Inc (NASDAQ:LTXB) Ratings Coverage
Out of 6 analysts covering LegacyTexas Group (NASDAQ:LTXB), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. LegacyTexas Group has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Compass Point maintained the stock with “Buy” rating in Thursday, July 21 report. The rating was upgraded by Raymond James on Wednesday, April 20 to “Strong Buy”. On Thursday, July 21 the stock rating was downgraded by Raymond James to “Outperform”. The company was upgraded on Wednesday, May 18 by FBR Capital. As per Thursday, July 23, the company rating was maintained by FBR Capital. Compass Point initiated the stock with “Buy” rating in Tuesday, June 7 report. As per Thursday, July 21, the company rating was maintained by Hovde Group. Stephens upgraded LegacyTexas Financial Group Inc (NASDAQ:LTXB) on Thursday, April 21 to “Overweight” rating.
According to Zacks Investment Research, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas.”
More important recent LegacyTexas Financial Group Inc (NASDAQ:LTXB) news were published by: Prnewswire.com which released: “LegacyTexas Financial Group, Inc. Announces Declaration of Quarterly Cash Dividend” on October 18, 2016, also Prnewswire.com published article titled: “LegacyTexas Financial Group, Inc. Announces Pricing of $50 Million of …”, Prnewswire.com published: “LegacyTexas Financial Group, Inc. Announces Dates of Third Quarter Earnings …” on October 05, 2016. More interesting news about LegacyTexas Financial Group Inc (NASDAQ:LTXB) was released by: Marketwatch.com and their article: “Legacy Texas Financial downgraded to outperform from strong buy at Raymond James” with publication date: January 06, 2015.
LTXB Company Profile
LegacyTexas Financial Group, Inc., incorporated on March 10, 2010, is a bank holding company. LegacyTexas Bank is its wholly owned principal operating subsidiary. The Firm is engaged in attracting retail deposits from the general public and the business community and investing those funds, along with borrowed funds, in commercial real estate loans, secured and unsecured commercial and industrial loans, as well as permanent loans secured by first and second mortgages on one- to four-family residences and consumer loans. The Warehouse Purchase Program allows mortgage banking firm clients to close one- to four-family real estate loans in their own name and manage its cash flow needs until the loans are sold to investors. It offers insurance and title services, as well as brokerage services for the purchase and sale of non-deposit investment and insurance products through a third-party brokerage arrangement.
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