LegacyTexas Financial Group Inc. LTXB saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LTXB, as the stock is now down nearly 16% in the past one-month time frame
This slump shouldn’t be too much of a surprise to investors, as the bank holding company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
LTXB currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the Finaancial savings and loan sector is Flagstar Bancorp Inc. FBC, holding a Zacks Rank #1 (Strong Buy).
Is LTXB going up? Or down? Predict to see what others think: Up or Down
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