Spirit of Texas Bancshares Inc (NASDAQ:STXB) Director Leo T. Metcalf III purchased 941 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $21.45 per share, with a total value of $20,184.45. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
STXB stock traded down $0.02 during midday trading on Friday, hitting $21.23. 97,129 shares of the company’s stock were exchanged, compared to its average volume of 22,477. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The stock has a market cap of $210.97 million and a price-to-earnings ratio of 20.22. Spirit of Texas Bancshares Inc has a 1-year low of $16.70 and a 1-year high of $23.53.
Spirit of Texas Bancshares (NASDAQ:STXB) last posted its earnings results on Wednesday, January 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 8.95% and a net margin of 14.71%. As a group, sell-side analysts anticipate that Spirit of Texas Bancshares Inc will post 1.7 EPS for the current year.
Several equities research analysts recently commented on STXB shares. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Spirit of Texas Bancshares in a report on Tuesday, November 20th. Zacks Investment Research cut Spirit of Texas Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. Finally, Stephens set a $26.00 price target on Spirit of Texas Bancshares and gave the company a “buy” rating in a report on Tuesday, February 5th.
A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new stake in Spirit of Texas Bancshares during the fourth quarter worth $2,371,000. Legal & General Group Plc increased its stake in Spirit of Texas Bancshares by 229.2% during the fourth 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 last quarter. Howard Financial Services LTD. acquired a new stake in Spirit of Texas Bancshares during the fourth quarter worth $405,000. Bank of America Corp DE increased its stake in Spirit of Texas Bancshares by 1,519.2% during the fourth quarter. Bank of America Corp DE now owns 12,889 shares of the company’s stock worth $294,000 after acquiring an additional 12,093 shares during the last quarter. Finally, RMB Capital Management LLC increased its stake in 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 acquiring an additional 170,903 shares during the last quarter. 40.65% of the stock is owned by institutional investors.
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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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