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LegacyTexas Financial Group

Nasdaq:LTXB
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LTXB
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

LegacyTexas Financial Group, Inc. operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. The last earnings update was 84 days ago. More info.


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LTXB Share Price and Events
7 Day Returns
-0.1%
NasdaqGS:LTXB
-0.2%
US Banks
1.1%
US Market
1 Year Returns
7.2%
NasdaqGS:LTXB
-5.9%
US Banks
4.7%
US Market
LTXB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LegacyTexas Financial Group (LTXB) -0.1% 9.5% 3.6% 7.2% 45.9% 66.2%
US Banks -0.2% 2.8% -0.2% -5.9% 45.5% 46.9%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • LTXB outperformed the Banks industry which returned -5.9% over the past year.
  • LTXB outperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
LTXB
Industry
5yr Volatility vs Market

LTXB Value

 Is LegacyTexas Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LegacyTexas Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LegacyTexas Financial Group.

NasdaqGS:LTXB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $25.81 * 12.9%
$3.33
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $25.81
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:LTXB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (51.99%))
0.89
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.89 * 5.96%)
8.04%

Discounted Cash Flow Calculation for NasdaqGS:LTXB using Excess Returns Model Model

The calculations below outline how an intrinsic value for LegacyTexas Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:LTXB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 8.04%) * $25.81)
$1.26
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.26 / (8.04% - 2.73%)
$23.68
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $25.81 + $23.68
$49.49
NasdaqGS:LTXB Discount to Share Price
Calculation Result
Value per share (USD) From above. $49.49
Current discount Discount to share price of $41.84
= -1 x ($41.84 - $49.49) / $49.49
15.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LegacyTexas Financial Group is available for.
Intrinsic value
15%
Share price is $41.84 vs Future cash flow value of $49.49
Current Discount Checks
For LegacyTexas Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LegacyTexas Financial Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • LegacyTexas Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LegacyTexas Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LegacyTexas Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LTXB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.33
NasdaqGS:LTXB Share Price ** NasdaqGS (2019-07-16) in USD $41.84
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.77x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LegacyTexas Financial Group.

NasdaqGS:LTXB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LTXB Share Price ÷ EPS (both in USD)

= 41.84 ÷ 3.33

12.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LegacyTexas Financial Group is good value based on earnings compared to the US Banks industry average.
  • LegacyTexas Financial Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does LegacyTexas Financial Group's expected growth come at a high price?
Raw Data
NasdaqGS:LTXB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
5.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.26x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NasdaqGS:LTXB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.56x ÷ 5.3%

2.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LegacyTexas Financial Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LegacyTexas Financial Group's assets?
Raw Data
NasdaqGS:LTXB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $23.70
NasdaqGS:LTXB Share Price * NasdaqGS (2019-07-16) in USD $41.84
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NasdaqGS:LTXB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LTXB Share Price ÷ Book Value per Share (both in USD)

= 41.84 ÷ 23.70

1.77x

* Primary Listing of LegacyTexas Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LegacyTexas Financial Group is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess LegacyTexas Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. LegacyTexas Financial Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LTXB Future Performance

 How is LegacyTexas Financial Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LegacyTexas Financial Group expected to grow at an attractive rate?
  • LegacyTexas Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • LegacyTexas Financial Group's earnings growth is positive but not above the United States of America market average.
  • LegacyTexas Financial Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LTXB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LTXB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 5.3%
NasdaqGS:LTXB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:LTXB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LTXB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 409 162 5
2019-12-31 388 148 6
NasdaqGS:LTXB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 351 221 157
2018-12-31 346 190 154
2018-09-30 333 185 111
2018-06-30 321 152 97
2018-03-31 325 141 97
2017-12-31 316 189 89
2017-09-30 311 187 100
2017-06-30 308 197 98
2017-03-31 302 173 93
2016-12-31 307 132 97
2016-09-30 293 138 88
2016-06-30 277 109 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LegacyTexas Financial Group's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • LegacyTexas Financial Group's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:LTXB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from LegacyTexas Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LTXB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.38 3.50 3.16 7.00
2019-12-31 3.10 3.16 2.99 6.00
NasdaqGS:LTXB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.33
2018-12-31 3.27
2018-09-30 2.36
2018-06-30 2.07
2018-03-31 2.07
2017-12-31 1.91
2017-09-30 2.14
2017-06-30 2.12
2017-03-31 2.02
2016-12-31 2.11
2016-09-30 1.92
2016-06-30 1.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if LegacyTexas Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess LegacyTexas Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LegacyTexas Financial Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LTXB Past Performance

  How has LegacyTexas Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LegacyTexas Financial Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LegacyTexas Financial Group has delivered over 20% year on year earnings growth in the past 5 years.
  • LegacyTexas Financial Group's 1-year earnings growth exceeds its 5-year average (62.2% vs 27.7%)
  • LegacyTexas Financial Group's earnings growth has exceeded the US Banks industry average in the past year (62.2% vs 40.7%).
Earnings and Revenue History
LegacyTexas Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LegacyTexas Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LTXB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 351.36 156.96 157.52
2018-12-31 345.95 153.69 156.37
2018-09-30 332.75 110.75 153.58
2018-06-30 320.54 96.69 151.35
2018-03-31 325.03 96.75 148.66
2017-12-31 315.56 89.18 144.82
2017-09-30 310.73 99.73 143.91
2017-06-30 307.99 98.20 143.34
2017-03-31 302.47 93.48 142.79
2016-12-31 307.30 97.32 140.18
2016-09-30 292.91 88.49 139.60
2016-06-30 277.14 79.17 138.35
2016-03-31 268.90 76.15 136.45
2015-12-31 260.43 70.38 136.47
2015-09-30 234.78 59.46 120.95
2015-06-30 206.47 50.91 106.01
2015-03-31 175.59 39.54 93.11
2014-12-31 147.03 30.94 79.70
2014-09-30 143.00 32.67 81.77
2014-06-30 140.36 31.56 82.22
2014-03-31 137.52 30.89 81.14
2013-12-31 136.85 31.29 79.96
2013-09-30 140.44 34.46 78.02
2013-06-30 144.49 37.65 76.97
2013-03-31 147.23 36.07 78.50
2012-12-31 143.06 35.14 76.41
2012-09-30 138.19 34.56 74.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • LegacyTexas Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LegacyTexas Financial Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if LegacyTexas Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess LegacyTexas Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LegacyTexas Financial Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LTXB Health

 How is LegacyTexas Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of LegacyTexas Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LegacyTexas Financial Group Company Filings, last reported 3 months ago.

NasdaqGS:LTXB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,121.09 994.97 277.47
2018-12-31 1,094.37 1,012.62 271.35
2018-09-30 1,039.60 1,110.41 257.66
2018-06-30 1,001.45 1,244.99 263.20
2018-03-31 979.49 818.51 297.93
2017-12-31 959.87 1,264.11 295.56
2017-09-30 950.09 1,214.86 329.14
2017-06-30 925.28 1,360.65 320.21
2017-03-31 899.92 1,042.92 357.17
2016-12-31 885.37 1,055.85 291.00
2016-09-30 866.85 1,345.04 280.11
2016-06-30 843.30 1,513.39 425.05
2016-03-31 823.05 1,356.64 318.13
2015-12-31 804.08 1,608.45 616.34
2015-09-30 792.64 1,236.56 242.05
2015-06-30 776.92 1,295.08 192.78
2015-03-31 761.06 1,288.48 284.05
2014-12-31 568.22 887.97 132.09
2014-09-30 564.13 824.74 90.32
2014-06-30 557.41 899.95 165.99
2014-03-31 550.10 633.04 121.91
2013-12-31 544.46 664.13 88.01
2013-09-30 540.09 536.24 74.10
2013-06-30 533.43 825.21 57.78
2013-03-31 530.97 589.22 52.51
2012-12-31 520.87 917.21 68.70
2012-09-30 516.35 877.17 60.73
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • LegacyTexas Financial Group has an acceptable proportion of non-loan assets held.
  • LegacyTexas Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at LegacyTexas Financial Group are broadly funded by customer deposits.
  • LegacyTexas Financial Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • LegacyTexas Financial Group has a sufficient allowance for bad loans.
  • LegacyTexas Financial Group has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess LegacyTexas Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LegacyTexas Financial Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LTXB Dividends

 What is LegacyTexas Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.39%
Current annual income from LegacyTexas Financial Group dividends. Estimated to be 2.46% next year.
If you bought $2,000 of LegacyTexas Financial Group shares you are expected to receive $48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LegacyTexas Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • LegacyTexas Financial Group's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:LTXB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LTXB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.07 7.00
2019-12-31 0.99 7.00
NasdaqGS:LTXB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-22 1.000 2.522
2018-10-16 0.880 2.392
2018-07-17 0.640 1.449
2018-04-17 0.640 1.534
2018-01-23 0.640 1.470
2017-10-24 0.640 1.561
2017-07-18 0.600 1.582
2017-04-18 0.600 1.617
2016-10-18 0.600 1.511
2016-07-19 0.600 1.968
2016-04-19 0.560 2.164
2016-01-26 0.560 2.967
2015-10-20 0.560 2.142
2015-07-21 0.560 1.911
2015-04-21 0.520 1.894
2015-01-27 0.520 2.269
2014-10-21 0.480 2.022
2014-07-22 0.480 1.902
2014-04-22 0.480 1.851
2014-02-04 0.480 1.832
2013-10-22 0.480 1.956
2013-07-23 0.400 1.921
2013-04-24 0.400 2.018
2012-12-11 0.400 1.940
2012-10-25 0.400 1.960
2012-07-20 0.320 1.707
2012-01-27 0.240 1.555
2011-10-28 0.200 1.552
2011-07-22 0.200 1.651
2011-04-25 0.200 1.530
2011-01-21 0.200 1.545
2010-10-22 0.160 1.477
2010-07-26 0.143 1.537
2010-07-23 0.143 1.483
2010-04-23 0.143 1.316
2010-01-22 0.143 1.293
2009-10-21 0.143 1.479
2009-07-22 0.143 1.487
2009-04-24 0.143 1.358
2009-01-21 0.228 2.417
2008-10-22 0.228 2.035
2008-07-23 0.228 1.938

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of LegacyTexas Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess LegacyTexas Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LegacyTexas Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LegacyTexas Financial Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LTXB Management

 What is the CEO of LegacyTexas Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Hanigan
COMPENSATION $2,752,281
AGE 62
TENURE AS CEO 7.3 years
CEO Bio

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 President and Chief Executive Officer of LegacyTexas Bank (formerly, Viewpoint Bank, National Association) since April 2012 and serves as its Director since April 2, 2012. He has over 37 years of Texas banking experience, including Bank One-Texas and its predecessor organizations, Premier Bank in Houston and Creekwood Capital Corporation in Houston. He served as the Chairman of the Board and Chief Executive Officer of Highlands Bancshares, Inc. He served as the Chief Executive Officer of The First National Bank of Jacksboro since May 2010. He served as the Chairman and Chief Executive Officer of Guaranty Financial Group Inc. from July 9, 2009 to August 2009. He served as the President of Guaranty Financial Group Inc. from November 2008 to August 2009. He served as the President of Guaranty Retail Bank at Guaranty Bank (Springfield, MO). He served as the Chairman and Chief Executive Officer of Highlands Bank since 2010. He served as the Chief Operating Officer of Guaranty Financial Group Inc. from November 2008 to July 2009. He served as the President and Chief Operating Officer of Guaranty Bank from November 2008 to July 2009 and also served as its Chairman, Chief Executive Officer and Chief Banking Officer since 2009. He served as the Chief Banking Officer of Guaranty Financial Group Inc. until November 2008. he served as Senior Executive Vice President of Retail Bank at Guaranty Bank and Guaranty Financial Group Inc., from April 2007 to November 2008 and also served as its Senior Executive Vice President of Insurance until November 2008. He joined Guaranty Bank in 1996 and held in numerous capacities including Chief Lending Officer and Executive in charge of Retail Banking and Directed Corporate Banking Business for Guaranty Bank from 1999 to 2007. He served as Senior Executive Vice President from 2000 to 2007 at Guaranty, with oversight of all corporate banking operations and responsibilities for middle market, oil and gas, syndications, treasury management and asset-based lending. He began his career with Bank of the Southwest in Houston in June 1980. He served as a Director of Guaranty Financial Group Inc. from July 2009 to August 2009. In 2009, he was appointed and served on the host committee for the 2010 NBA All-Star Game in Arlington. He serves on the board of The Real Estate Council. Mr. Hanigan holds both his Bachelor degree and Master of Business Administration degrees from Arizona State University.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the LegacyTexas Financial Group management team in years:

7.1
Average Tenure
63
Average Age
  • The average tenure for the LegacyTexas Financial Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kevin Hanigan

TITLE
President
COMPENSATION
$3M
AGE
62
TENURE
7.3 yrs

John Davenport

TITLE
COMPENSATION
$1M
AGE
51
TENURE
4.5 yrs

Scott Almy

TITLE
Executive VP
COMPENSATION
$1M
AGE
52
TENURE
4.5 yrs

Chuck Eikenberg

TITLE
Executive Vice President of Community Banking
COMPENSATION
$1M
AGE
64
TENURE
7.3 yrs

Tom Swiley

TITLE
Executive VP & Chief Lending Officer
COMPENSATION
$1M
AGE
69
TENURE
7 yrs

Mark Williamson

TITLE
Chief Credit Officer & Executive VP
COMPENSATION
$731K
AGE
64
TENURE
9.5 yrs
Board of Directors Tenure

Average tenure and age of the LegacyTexas Financial Group board of directors in years:

6.2
Average Tenure
65.5
Average Age
  • The tenure for the LegacyTexas Financial Group board of directors is about average.
Board of Directors

Tony LeVecchio

TITLE
Chairman of the Board
COMPENSATION
$212K
AGE
72
TENURE
5.2 yrs

Kevin Hanigan

TITLE
President
COMPENSATION
$3M
AGE
62
TENURE
7.3 yrs

George Fisk

TITLE
Vice Chairman of the Board
COMPENSATION
$145K
AGE
71
TENURE
4.5 yrs

Karen O'Shea

TITLE
Director
COMPENSATION
$142K
AGE
69
TENURE
13.5 yrs

James McCall

TITLE
Director
COMPENSATION
$124K
AGE
60
TENURE
8 yrs

Bruce Hunt

TITLE
Director
COMPENSATION
$126K
AGE
61
TENURE
7.3 yrs

Arcilia Acosta

TITLE
Director
COMPENSATION
$134K
AGE
53
TENURE
4.5 yrs

R. Wilkinson

TITLE
Director
COMPENSATION
$128K
AGE
72
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Mar 19 Sell John Davenport Individual 27. Mar 19 27. Mar 19 -1,743 $36.46 $-63,550
28. Mar 19 Sell Charles Eikenberg Individual 27. Mar 19 27. Mar 19 -1,537 $36.46 $-56,040
28. Mar 19 Sell Scott Almy Individual 27. Mar 19 27. Mar 19 -1,691 $36.44 $-61,614
05. Mar 19 Sell Scott Almy Individual 04. Mar 19 04. Mar 19 -259 $41.27 $-10,688
05. Mar 19 Sell Charles Eikenberg Individual 04. Mar 19 04. Mar 19 -260 $41.24 $-10,724
25. Feb 19 Sell Charles Eikenberg Individual 22. Feb 19 22. Feb 19 -5,000 $43.80 $-219,025
06. Feb 19 Sell James McCall Individual 05. Feb 19 05. Feb 19 -28,000 $40.72 $-1,140,160
30. Nov 18 Sell George Fisk Individual 28. Nov 18 28. Nov 18 -4,000 $39.00 $-156,000
17. Aug 18 Sell Karen O'Shea Individual 15. Aug 18 15. Aug 18 -1,500 $44.20 $-66,300
X
Management checks
We assess LegacyTexas Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LegacyTexas Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LTXB News

Simply Wall St News

Is LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) An Attractive Dividend Stock?

For the purpose of this article, we only scrutinise the last decade of LegacyTexas Financial Group's dividend payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see LegacyTexas Financial Group has grown its earnings per share at 32% per annum over the past five years. Earnings per share have grown rapidly, and the company is retaining a majority of its earnings. We think this is ideal from an investment perspective, if the company is able to reinvest these earnings effectively. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … We like that it has been delivering solid improvement in its earnings per share, and relatively consistent dividend payments.

Simply Wall St -

Should You Investigate LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) At US$39.31?

Let’s take a look at LegacyTexas Financial Group’s outlook and value based on the most recent financial data to see if the opportunity still exists. … Since LegacyTexas Financial Group’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. … If you are no longer interested in LegacyTexas Financial Group, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Should You Be Adding LegacyTexas Financial Group (NASDAQ:LTXB) To Your Watchlist Today?

Impressively, LegacyTexas Financial Group has grown EPS by 26% per year, compound, in the last three years. … Not all of LegacyTexas Financial Group's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … While we note LegacyTexas Financial Group's EBIT margins were flat over the last year, revenue grew by a solid 8.1% to US$351m.

Simply Wall St -

Should You Be Worried About Insider Transactions At LegacyTexas Financial Group, Inc. (NASDAQ:LTXB)?

So we'll take a look at whether insiders have been buying or selling shares in LegacyTexas Financial Group, Inc. … LegacyTexas Financial Group Insider Transactions Over The Last Year. … Insiders in LegacyTexas Financial Group didn't buy any shares in the last year

Simply Wall St -

Should You Be Concerned About LegacyTexas Financial Group, Inc.’s (NASDAQ:LTXB) Liquidity?

LegacyTexas Financial Group, Inc.’s (NASDAQ:LTXB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.9b. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like LegacyTexas Financial Group to vulnerabilities. … We can gauge LegacyTexas Financial Group’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now.

Simply Wall St -

Read This Before You Buy LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Because Of Its P/E Ratio

To keep it practical, we'll show how LegacyTexas Financial Group, Inc.'s (NASDAQ:LTXB) P/E ratio could help you assess the value on offer. … Based on the last twelve months, LegacyTexas Financial Group's P/E ratio is 11.84. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How Does Investing In LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) Impact The Volatility Of Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Did You Miss LegacyTexas Financial Group's Impressive 124% Share Price Gain?

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … LegacyTexas Financial Group was able to grow its EPS at 29% per year over three years, sending the share price higher. … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

Are You Considering All The Risks For LegacyTexas Financial Group, Inc.’s (NASDAQ:LTXB)?

LegacyTexas Financial Group, Inc. … Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting LegacyTexas Financial Group’s bottom line.

Simply Wall St -

LegacyTexas Financial Group, Inc. (NASDAQ:LTXB): Ex-Dividend Is In 2 Days

Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … How I analyze a dividend stock? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

LTXB Company Info

Description

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.

Details
Name: LegacyTexas Financial Group, Inc.
LTXB
Exchange: NasdaqGS
Founded: 1952
$1,989,068,453
47,539,877
Website: http://www.legacytexasfinancialgroup.com
Address: LegacyTexas Financial Group, Inc.
5851 Legacy Circle,
Suite 1200,
Plano,
Texas, 75024,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LTXB Common Stock Nasdaq Global Select US USD 03. Oct 2006
DB 60L Common Stock Deutsche Boerse AG DE EUR 03. Oct 2006
Number of employees
Current staff
Staff numbers
866
LegacyTexas Financial Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 23:59
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/04/23
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.