LegacyTexas Financial Group is a bank holding company. Through its wholly owned subsidiary, LegacyTexas Bank, Co.'s principal business consists of accepting 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. Co. provides a range of deposit accounts that provide a range of interest rates and terms, generally including savings, money market, certificate of deposit and demand accounts. The LTXB stock yearly return is shown above.
The yearly return on the LTXB stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2020 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the LTXB annual return calculation with any dividends reinvested as applicable (on ex-dates).
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