Legacy Texas Financial Group, Inc. operates as the bank holding company for LegacyTexas Bank and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LTXB’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Legacy Texas could be a solid choice for investors.
Current Quarter Estimates for LTXB
In the past 30 days, 5 estimates have gone higher for Legacy Texas while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 51 cents a share 30 days ago, to 56 cents today, a move of 9.8%.
Current Year Estimates for LTXB
Meanwhile, Legacy Texas’ current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.94 per share 30 days ago to $2.09 per share today, an increase of 7.7%.
LEGACY TX FINL Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 10.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Can Legacy Texas (LTXB) Run Higher on Strong Earnings Estimate Revisions?
Legacy Texas Financial Group, Inc. operates as the bank holding company for LegacyTexas Bank and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LTXB’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Legacy Texas could be a solid choice for investors.
Current Quarter Estimates for LTXB
In the past 30 days, 5 estimates have gone higher for Legacy Texas while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 51 cents a share 30 days ago, to 56 cents today, a move of 9.8%.
Current Year Estimates for LTXB
Meanwhile, Legacy Texas’ current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.94 per share 30 days ago to $2.09 per share today, an increase of 7.7%.
LEGACY TX FINL Price and Consensus
LEGACY TX FINL Price and Consensus | LEGACY TX FINL Quote
Bottom Line
The stock has also started to move higher lately, adding 10.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>