Spirit of Texas Bancshares Inc (NASDAQ:STXB) has earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $25.50 for the company and are predicting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Spirit of Texas Bancshares an industry rank of 160 out of 256 based on the ratings given to related companies.
A number of brokerages have weighed in on STXB. Stephens set a $26.00 price objective on Spirit of Texas Bancshares and gave the company a “buy” rating in a report on Tuesday, February 5th. Zacks Investment Research lowered Spirit of Texas Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, 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 objective on the stock.
A number of hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its holdings in shares of Spirit of Texas Bancshares by 229.2% during the 4th quarter. Legal & General Group Plc now owns 1,445 shares of the company’s stock worth $33,000 after acquiring an additional 1,006 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Spirit of Texas Bancshares by 628.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,128 shares of the company’s stock worth $45,000 after acquiring an additional 1,836 shares during the period. Citigroup Inc. raised its holdings in shares of Spirit of Texas Bancshares by 292.5% during the 4th quarter. Citigroup Inc. now owns 2,316 shares of the company’s stock worth $53,000 after acquiring an additional 1,726 shares during the period. Strs Ohio raised its holdings in shares of Spirit of Texas Bancshares by 316.7% during the 4th quarter. Strs Ohio now owns 2,500 shares of the company’s stock worth $56,000 after acquiring an additional 1,900 shares during the period. Finally, American International Group Inc. raised its holdings in shares of Spirit of Texas Bancshares by 337.3% during the 4th quarter. American International Group Inc. now owns 6,043 shares of the company’s stock worth $138,000 after acquiring an additional 4,661 shares during the period. Institutional investors own 28.80% of the company’s stock.
Shares of STXB stock opened at $22.57 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $309.37 million and a price-to-earnings ratio of 21.50. 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 announced its quarterly earnings data on Monday, April 29th. The company reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $18.49 million for the quarter, compared to analyst estimates of $19.00 million. Spirit of Texas Bancshares had a return on equity of 8.21% and a net margin of 15.80%. Sell-side analysts expect that Spirit of Texas Bancshares will post 1.68 EPS for the current 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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