As of November 1, 2019, LegacyTexas Financial Group, Inc.
Solid track record with excellent balance sheet.
Share Price & News
How has LegacyTexas Financial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LTXB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LTXB underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: LTXB underperformed the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is LegacyTexas Financial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall StIs LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) An Attractive Dividend Stock?
9 months ago | Simply Wall StShould You Investigate LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) At US$39.31?
9 months ago | Simply Wall StShould You Be Adding LegacyTexas Financial Group (NASDAQ:LTXB) To Your Watchlist Today?
Is LegacyTexas Financial Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LTXB ($42.54) is trading above our estimate of fair value ($28.14)
Significantly Below Fair Value: LTXB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LTXB is poor value based on its PE Ratio (12.9x) compared to the Banks industry average (12.8x).
PE vs Market: LTXB is good value based on its PE Ratio (12.9x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: LTXB is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: LTXB is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).
How is LegacyTexas Financial Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LTXB's forecast earnings growth (7.4% per year) is above the savings rate (2.7%).
Earnings vs Market: LTXB's earnings (7.4% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: LTXB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LTXB's revenue (7.6% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: LTXB's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LTXB's Return on Equity is forecast to be high in 3 years time
How has LegacyTexas Financial Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LTXB has high quality earnings.
Growing Profit Margin: LTXB's current net profit margins (43.6%) are higher than last year (33.3%).
Past Earnings Growth Analysis
Earnings Trend: LTXB's earnings have grown significantly by 25.9% per year over the past 5 years.
Accelerating Growth: LTXB's earnings growth over the past year (40.5%) exceeds its 5-year average (25.9% per year).
Earnings vs Industry: LTXB earnings growth over the past year (40.5%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: LTXB's Return on Equity (13.2%) is considered low.
Return on Assets
Return on Capital Employed
How is LegacyTexas Financial Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: LTXB has a low level of unsold assets or inventory.
Debt Coverage by Assets: LTXB's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: LTXB's level of assets compared to its equity is low.
Allowance for Bad Loans: LTXB has a sufficient allowance for bad loans.
Low Risk Liabilities: LTXB's liabilities are made up of primarily low risk sources of funding.
Loan Level: LTXB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LTXB has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: LTXB has an appropriate level of bad loans (0.39%)
What is LegacyTexas Financial Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LTXB's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: LTXB's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: LTXB's dividend payments have been volatile in the past 10 years.
Growing Dividend: LTXB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.5%), LTXB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Hanigan (62yo)
Mr. Kevin J. Hanigan has been a Director, Chief Executive Officer and President at LegacyTexas Financial Group Inc. (formerly, ViewPoint Financial Group, Inc) since April 2, 2012. Mr. Hanigan has been the ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD2.75M) is about average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.
|Executive VP||4.8yrs||US$1.04m||0.11% $2.3m|
|Executive Vice President of Community Banking||7.6yrs||US$1.01m||0.087% $1.8m|
|Executive VP & Chief Lending Officer||7.3yrs||US$1.02m||0.17% $3.4m|
|Chief Credit Officer & Executive VP||9.8yrs||US$581.43k||no data|
Experienced Management: LTXB's management team is seasoned and experienced (7.5 years average tenure).
|Chairman of the Board||5.5yrs||US$212.42k||0.12% $2.5m|
|Independent Director||13.8yrs||US$142.17k||0.12% $2.4m|
|Independent Director||4.8yrs||US$127.54k||0.13% $2.6m|
|Vice Chairman of the Board||4.8yrs||US$145.37k||0.41% $8.3m|
|Independent Director||4.8yrs||US$134.00k||0.062% $1.3m|
|Independent Director||8.3yrs||US$124.32k||0.071% $1.4m|
|Independent Director||7.6yrs||US$125.82k||0.12% $2.5m|
Experienced Board: LTXB's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
LegacyTexas Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: LegacyTexas Financial Group, Inc.
- Ticker: LTXB
- Exchange: NasdaqGS
- Founded: 1952
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.032b
- Shares outstanding: 47.77m
- Website: https://www.legacytexasfinancialgroup.com
Number of Employees
- LegacyTexas Financial Group, Inc.
- 5851 Legacy Circle
- Suite 1200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LTXB||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 2006|
|60L||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2006|
LegacyTexas Financial Group, Inc. operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand, savings, money market, certificates of deposit, and individual retirement accounts. The company’s lending products comprise commercial and consumer real estate loans; secured and unsecured commercial and industrial loans; permanent loans secured by first and second mortgages on one- to four-family residences; construction and lands; and secured and unsecured consumer loans, including new and used automobile loans, recreational vehicle loans, and loans secured by savings deposits. It also provides insurance and title services. As of December 31, 2018, the company had 3 administrative offices, 42 full-service branches, and 1 commercial loan production office located in Houston, Texas, as well as a Warehouse Purchase Program office located in Littleton, Colorado. The company was formerly known as ViewPoint Financial Group, Inc. and changed its name to LegacyTexas Financial Group, Inc. in January 2015. LegacyTexas Financial Group, Inc. was founded in 1952 and is headquartered in Plano, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/11/02 00:02|
|End of Day Share Price||2019/10/31 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.