Spirit of Texas Bancshares Inc (NASDAQ:STXB) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $25.50 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned Spirit of Texas Bancshares an industry rank of 200 out of 256 based on the ratings given to its competitors.
Several research firms have commented on STXB. Sandler O’Neill began coverage on Spirit of Texas Bancshares in a report on Monday, April 15th. They issued a “buy” rating and a $21.32 price target for the company. Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Finally, Stephens reaffirmed a “buy” rating and issued a $25.00 price target on shares of Spirit of Texas Bancshares in a report on Thursday, June 13th.
Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Spirit of Texas Bancshares by 229.2% in the 4th quarter. Legal & General Group Plc now owns 1,445 shares of the company’s stock valued at $33,000 after purchasing an additional 1,006 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Spirit of Texas Bancshares by 628.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,128 shares of the company’s stock valued at $45,000 after purchasing an additional 1,836 shares during the period. Citigroup Inc. grew its stake in shares of Spirit of Texas Bancshares by 292.5% in the 4th quarter. Citigroup Inc. now owns 2,316 shares of the company’s stock valued at $53,000 after purchasing an additional 1,726 shares during the period. American International Group Inc. grew its stake in shares of Spirit of Texas Bancshares by 337.3% in the 4th quarter. American International Group Inc. now owns 6,043 shares of the company’s stock valued at $138,000 after purchasing an additional 4,661 shares during the period. Finally, Rhumbline Advisers bought a new stake in shares of Spirit of Texas Bancshares in the 4th quarter valued at approximately $217,000. Institutional investors own 29.44% of the company’s stock.
Spirit of Texas Bancshares stock traded down $0.09 during trading hours on Monday, hitting $22.29. The stock had a trading volume of 14,800 shares, compared to its average volume of 21,482. The company’s 50-day simple moving average is $22.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $308.40 million, a P/E ratio of 21.23 and a beta of -0.23. Spirit of Texas Bancshares has a fifty-two week low of $16.70 and a fifty-two week high of $23.53.
Spirit of Texas Bancshares (NASDAQ:STXB) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $18.49 million during the quarter, compared to analysts’ expectations of $19.00 million. Spirit of Texas Bancshares had a return on equity of 7.76% and a net margin of 15.80%. On average, equities analysts anticipate that Spirit of Texas Bancshares will post 1.71 earnings per share for the current fiscal year.
About Spirit of Texas Bancshares
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.
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