Stephens Analysts Give Spirit of Texas Bancshares (STXB) a $26.00 Price Target

Stephens set a $26.00 price target on Spirit of Texas Bancshares (NASDAQ:STXB) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Spirit of Texas Bancshares from a sell rating to a hold rating in a research note on Friday, December 7th. Piper Jaffray Companies reiterated a neutral rating and issued a $22.00 target price on shares of Spirit of Texas Bancshares in a research note on Tuesday, November 20th.

STXB stock traded down $0.12 during trading on Tuesday, reaching $21.35. The company had a trading volume of 274 shares, compared to its average volume of 16,713. The stock has a market capitalization of $209.44 million and a PE ratio of 20.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. Spirit of Texas Bancshares has a twelve month low of $16.70 and a twelve month high of $23.53.

Spirit of Texas Bancshares (NASDAQ:STXB) last released its earnings results on Wednesday, January 30th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $16.89 million during the quarter, compared to analysts’ expectations of $16.10 million. Spirit of Texas Bancshares had a net margin of 14.71% and a return on equity of 8.95%. On average, equities research analysts expect that Spirit of Texas Bancshares will post 1.73 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in STXB. BlackRock Inc. purchased a new stake in shares of Spirit of Texas Bancshares during the second quarter worth $2,179,000. Creative Planning acquired a new position in shares of Spirit of Texas Bancshares during the 4th quarter valued at about $2,372,000. Vanguard Group Inc boosted its position in shares of Spirit of Texas Bancshares by 134.9% during the 3rd quarter. Vanguard Group Inc now owns 164,964 shares of the company’s stock valued at $3,562,000 after acquiring an additional 94,745 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Spirit of Texas Bancshares by 134.9% during the 3rd quarter. Vanguard Group Inc. now owns 164,964 shares of the company’s stock valued at $3,562,000 after acquiring an additional 94,745 shares during the last quarter. Finally, Clover Partners L.P. boosted its position in shares of Spirit of Texas Bancshares by 219.4% during the 3rd quarter. Clover Partners L.P. now owns 79,855 shares of the company’s stock valued at $1,724,000 after acquiring an additional 54,855 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

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, 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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