Brokerages Expect Spirit of Texas Bancshares Inc (STXB) to Announce $0.37 Earnings Per Share

Spirit of Texas Bancshares Inc (NASDAQ:STXB) has been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus target price of $25.50 for the company and are anticipating that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also given Spirit of Texas Bancshares an industry rank of 170 out of 256 based on the ratings given to related companies.

Several brokerages recently commented on STXB. Stephens set a $26.00 price target on Spirit of Texas Bancshares and gave the company a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research cut Spirit of Texas Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Sandler O’Neill began coverage on Spirit of Texas Bancshares in a research report on Monday, April 15th. They set a “buy” rating and a $21.32 price target for the company.

Shares of STXB stock traded up $0.36 on Wednesday, hitting $22.43. 16,087 shares of the stock were exchanged, compared to its average volume of 21,083. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $306.54 million and a P/E ratio of 21.36. 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 posted its quarterly earnings data on Monday, April 29th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $18.49 million during the quarter, compared to analysts’ expectations of $19.00 million. Spirit of Texas Bancshares had a return on equity of 8.21% and a net margin of 15.80%. Equities analysts expect that Spirit of Texas Bancshares will post 1.68 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. RMB Capital Management LLC increased its stake in shares of Spirit of Texas Bancshares by 22.5% during the fourth quarter. RMB Capital Management LLC now owns 929,037 shares of the company’s stock worth $21,163,000 after purchasing an additional 170,903 shares during the period. BlackRock Inc. grew its position in Spirit of Texas Bancshares by 331.6% during the fourth quarter. BlackRock Inc. now owns 459,086 shares of the company’s stock worth $10,457,000 after buying an additional 352,717 shares in the last quarter. Vanguard Group Inc grew its position in Spirit of Texas Bancshares by 134.9% during the third quarter. Vanguard Group Inc now owns 164,964 shares of the company’s stock worth $3,562,000 after buying an additional 94,745 shares in the last quarter. Vanguard Group Inc. grew its position in Spirit of Texas Bancshares by 134.9% during the third quarter. Vanguard Group Inc. now owns 164,964 shares of the company’s stock worth $3,562,000 after buying an additional 94,745 shares in the last quarter. Finally, Banc Funds Co. LLC grew its position in Spirit of Texas Bancshares by 10.3% during the fourth quarter. Banc Funds Co. LLC now owns 145,100 shares of the company’s stock worth $3,156,000 after buying an additional 13,500 shares in the last quarter. Hedge funds and other institutional investors own 28.73% of the company’s stock.

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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