Spirit of Texas Bancshares Inc (NASDAQ:STXB) Director Robert S. Beall Purchases 2,519 Shares of Stock

Spirit of Texas Bancshares Inc (NASDAQ:STXB) Director Robert S. Beall purchased 2,519 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $20.15 per share, for a total transaction of $50,757.85.

NASDAQ:STXB opened at $20.15 on Friday. Spirit of Texas Bancshares Inc has a one year low of $20.04 and a one year high of $23.48. 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 company’s 50-day simple moving average is $22.00 and its 200 day simple moving average is $21.74. The firm has a market capitalization of $330.88 million, a P/E ratio of 14.44 and a beta of -0.09.

Spirit of Texas Bancshares (NASDAQ:STXB) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $27.28 million for the quarter. Spirit of Texas Bancshares had a return on equity of 8.52% and a net margin of 19.25%. On average, equities research analysts expect that Spirit of Texas Bancshares Inc will post 1.73 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of STXB. Parametric Portfolio Associates LLC raised its holdings in Spirit of Texas Bancshares by 14.2% in the second quarter. Parametric Portfolio Associates LLC now owns 12,589 shares of the company’s stock worth $283,000 after buying an additional 1,567 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Spirit of Texas Bancshares by 34.9% during the second quarter. BlackRock Inc. now owns 651,803 shares of the company’s stock valued at $14,665,000 after purchasing an additional 168,728 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Spirit of Texas Bancshares by 3.3% during the second quarter. Vanguard Group Inc. now owns 482,620 shares of the company’s stock valued at $10,859,000 after purchasing an additional 15,483 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Spirit of Texas Bancshares by 99,108.0% during the second quarter. Royal Bank of Canada now owns 24,802 shares of the company’s stock valued at $558,000 after purchasing an additional 24,777 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Spirit of Texas Bancshares during the third quarter valued at approximately $28,000. 43.50% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Spirit of Texas Bancshares from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday. ValuEngine raised shares of Spirit of Texas Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Stephens reissued a “buy” rating and set a $26.00 price objective on shares of Spirit of Texas Bancshares in a research note on Tuesday, November 19th. Finally, BidaskClub lowered shares of Spirit of Texas Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Spirit of Texas Bancshares currently has an average rating of “Buy” and an average price target of $23.96.

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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