Spirit of Texas Bancshares Inc (NASDAQ:STXB)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $22.56 and last traded at $22.50, with a volume of 200 shares. The stock had previously closed at $22.00.

A number of equities analysts recently commented on STXB shares. Stephens reaffirmed a “buy” rating and issued a $26.00 target price on shares of Spirit of Texas Bancshares in a report on Wednesday, July 25th. Piper Jaffray Companies started coverage on Spirit of Texas Bancshares in a report on Tuesday, May 29th. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods started coverage on Spirit of Texas Bancshares in a report on Tuesday, May 29th. They issued an “outperform” rating and a $25.00 target price on the stock.

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.73.

Spirit of Texas Bancshares (NASDAQ:STXB) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $13.39 million for the quarter. equities research analysts anticipate that Spirit of Texas Bancshares Inc will post 1.18 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of STXB. ELCO Management Co. LLC bought a new stake in Spirit of Texas Bancshares during the second quarter valued at about $409,000. Gerber Kawasaki Wealth & Investment Management bought a new stake in Spirit of Texas Bancshares during the second quarter valued at about $514,000. State of Wisconsin Investment Board bought a new stake in Spirit of Texas Bancshares during the second quarter valued at about $2,060,000. BlackRock Inc. bought a new stake in Spirit of Texas Bancshares during the second quarter valued at about $2,179,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Spirit of Texas Bancshares during the second quarter valued at about $5,399,000. 4.17% of the stock is currently owned by institutional investors and hedge funds.

About Spirit of Texas Bancshares (NASDAQ:STXB)

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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