Shares of Spirit of Texas Bancshares Inc (NASDAQ:STXB) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $28.00 for the company, according to Zacks. Zacks has also given Spirit of Texas Bancshares an industry rank of 89 out of 255 based on the ratings given to related companies.

A number of research firms recently weighed in on STXB. Stephens restated a “buy” rating and issued a $26.00 price target on shares of Spirit of Texas Bancshares in a research note on Tuesday, November 19th. Zacks Investment Research upgraded Spirit of Texas Bancshares from a “sell” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Saturday. Finally, ValuEngine upgraded Spirit of Texas Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd.

Shares of NASDAQ:STXB traded down $0.17 during trading on Friday, reaching $22.65. The company had a trading volume of 887 shares, compared to its average volume of 54,282. The firm has a market capitalization of $367.84 million, a price-to-earnings ratio of 21.57 and a beta of -0.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.04 and a quick ratio of 1.03. The stock’s fifty day moving average price is $22.86 and its 200 day moving average price is $21.87. Spirit of Texas Bancshares has a fifty-two week low of $20.23 and a fifty-two week high of $23.48.

Spirit of Texas Bancshares (NASDAQ:STXB) last released its earnings results on Wednesday, October 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.06). Spirit of Texas Bancshares had a net margin of 17.90% and a return on equity of 8.46%. The company had revenue of $23.16 million during the quarter, compared to analyst estimates of $23.90 million. On average, equities analysts anticipate that Spirit of Texas Bancshares will post 1.53 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of STXB. BlackRock Inc. boosted its position in Spirit of Texas Bancshares by 34.9% during the second quarter. BlackRock Inc. now owns 651,803 shares of the company’s stock worth $14,665,000 after purchasing an additional 168,728 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Spirit of Texas Bancshares during the third quarter worth $2,242,000. Stephens Inc. AR purchased a new stake in Spirit of Texas Bancshares during the third quarter worth $984,000. Emerald Mutual Fund Advisers Trust boosted its position in Spirit of Texas Bancshares by 17.2% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 307,100 shares of the company’s stock worth $6,618,000 after purchasing an additional 45,000 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in Spirit of Texas Bancshares by 4.1% during the second quarter. RMB Capital Management LLC now owns 986,236 shares of the company’s stock worth $22,190,000 after purchasing an additional 38,952 shares in the last quarter. Institutional investors own 43.43% of the company’s stock.

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.

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