Spirit of Texas Bancshares (NASDAQ:STXB) received a $26.00 price target from equities researchers at Stephens in a research note issued on Tuesday, February 5th. The firm presently has a “buy” rating on the stock. Stephens’ price target suggests a potential upside of 19.27% from the stock’s previous close.
Several other research firms have also commented on STXB. Zacks Investment Research lowered shares of Spirit of Texas Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. Piper Jaffray Companies raised shares of Spirit of Texas Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $22.00 to $25.00 in a report on Monday, December 3rd.
Shares of NASDAQ:STXB traded up $0.20 during trading on Tuesday, reaching $21.80. 9,808 shares of the stock traded hands, compared to its average volume of 15,294. Spirit of Texas Bancshares has a 52-week low of $16.70 and a 52-week high of $23.53. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The stock has a market cap of $215.38 million and a price-to-earnings ratio of 20.76.
Spirit of Texas Bancshares (NASDAQ:STXB) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $16.89 million for the quarter, compared to analysts’ expectations of $16.10 million. Spirit of Texas Bancshares had a net margin of 14.71% and a return on equity of 8.95%. As a group, sell-side analysts anticipate that Spirit of Texas Bancshares will post 1.73 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Spirit of Texas Bancshares by 331.6% during the fourth quarter. BlackRock Inc. now owns 459,086 shares of the company’s stock worth $10,457,000 after acquiring an additional 352,717 shares during the last quarter. RMB Capital Management LLC lifted its stake in Spirit of Texas Bancshares by 22.5% in the 4th quarter. RMB Capital Management LLC now owns 929,037 shares of the company’s stock worth $21,163,000 after acquiring an additional 170,903 shares in the last quarter. Creative Planning purchased a new stake in Spirit of Texas Bancshares in the 4th quarter worth about $2,372,000. Geode Capital Management LLC purchased a new stake in shares of Spirit of Texas Bancshares during the 4th quarter worth about $2,371,000. Finally, Vanguard Group Inc increased its holdings in shares of Spirit of Texas Bancshares by 134.9% during the 3rd quarter. Vanguard Group Inc now owns 164,964 shares of the company’s stock valued at $3,562,000 after acquiring an additional 94,745 shares during the last quarter. 36.43% of the stock is owned by institutional investors.
Spirit of Texas Bancshares Company Profile
Spirit of Texas Bancshares, Inc operates as the holding company for Spirit of Texas Bank SSB that provides various commercial and retail banking services to small and medium-sized businesses and individuals. It offers checking accounts, money market accounts, savings accounts, certificates of deposit, and IRA accounts, The company also provides commercial and industrial loans; 1-4 single family residential real estate loans; construction, land, and development loans; commercial real estate loans, such as owner-occupied commercial real estate loans, other commercial real estate loans, and multifamily loans and farmland; consumer loans and leases; and municipal and other loans.
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