Spirit of Texas Bancshares Inc (NASDAQ:STXB) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $27.00 for the company, according to Zacks. Zacks has also assigned Spirit of Texas Bancshares an industry rank of 96 out of 255 based on the ratings given to related companies.
STXB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Spirit of Texas Bancshares from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, September 4th. Stephens reaffirmed a “buy” rating and set a $26.00 price objective on shares of Spirit of Texas Bancshares in a research note on Wednesday, July 25th.
STXB stock traded down $0.10 during mid-day trading on Monday, reaching $21.00. 12,067 shares of the stock traded hands, compared to its average volume of 33,852. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.45. Spirit of Texas Bancshares has a 52-week low of $20.04 and a 52-week high of $22.56.
Spirit of Texas Bancshares (NASDAQ:STXB) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $13.39 million for the quarter. As a group, equities research analysts predict that Spirit of Texas Bancshares will post 1.18 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Spirit of Texas Bancshares in the second quarter worth approximately $5,399,000. BlackRock Inc. bought a new position in Spirit of Texas Bancshares during the second quarter valued at approximately $2,179,000. State of Wisconsin Investment Board bought a new position in Spirit of Texas Bancshares during the second quarter valued at approximately $2,060,000. Gerber Kawasaki Wealth & Investment Management bought a new position in Spirit of Texas Bancshares during the second quarter valued at approximately $514,000. Finally, Northern Trust Corp bought a new position in Spirit of Texas Bancshares during the second quarter valued at approximately $413,000. 24.74% of the stock is owned by institutional investors and hedge funds.
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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