Spirit of Texas Bancshares Inc (NASDAQ:STXB) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price 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 assigned Spirit of Texas Bancshares an industry rank of 156 out of 256 based on the ratings given to its competitors.
A number of research firms recently weighed in on STXB. Zacks Investment Research lowered shares of Spirit of Texas Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Stephens set a $26.00 target price on shares of Spirit of Texas Bancshares and gave the stock a “buy” rating in a report on Tuesday, February 5th. Finally, Sandler O’Neill began coverage on shares of Spirit of Texas Bancshares in a report on Monday, April 15th. They set a “buy” rating and a $21.32 target price on the stock.
Spirit of Texas Bancshares stock traded up $0.15 during midday trading on Thursday, reaching $22.57. 8,857 shares of the stock were exchanged, compared to its average volume of 20,787. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $307.43 million and a PE ratio of 21.50. Spirit of Texas Bancshares has a 52 week low of $16.70 and a 52 week high of $23.53.
Spirit of Texas Bancshares (NASDAQ:STXB) last posted its earnings results on Monday, April 29th. The company reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. The business had revenue of $18.49 million for the quarter, compared to analyst estimates of $19.00 million. Spirit of Texas Bancshares had a net margin of 15.80% and a return on equity of 7.76%. Research analysts forecast that Spirit of Texas Bancshares will post 1.68 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in 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 increased its holdings 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 worth $45,000 after buying an additional 1,836 shares during the last quarter. Citigroup Inc. increased its holdings 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 worth $53,000 after buying an additional 1,726 shares during the last quarter. Strs Ohio increased its holdings in shares of Spirit of Texas Bancshares by 316.7% in the 4th quarter. Strs Ohio now owns 2,500 shares of the company’s stock worth $56,000 after buying an additional 1,900 shares during the last quarter. Finally, American International Group Inc. increased its holdings 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 worth $138,000 after buying an additional 4,661 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.
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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