Insider Selling: Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) CEO Sells 2,000 Shares of Stock


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Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) CEO Dean O. Bass sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $23.11, for a total transaction of $46,220.00.

STXB traded down $0.38 during trading on Tuesday, hitting $22.83. The company had a trading volume of 87,010 shares, compared to its average volume of 42,287. Spirit of Texas Bancshares, Inc. has a 1-year low of $9.21 and a 1-year high of $24.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $391.24 million, a PE ratio of 16.08 and a beta of 1.11. The business has a 50-day moving average of $22.76 and a 200-day moving average of $18.81.

Spirit of Texas Bancshares (NASDAQ:STXB) last issued its earnings results on Tuesday, April 20th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.14. Spirit of Texas Bancshares had a net margin of 18.95% and a return on equity of 7.08%. Research analysts forecast that Spirit of Texas Bancshares, Inc. will post 1.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 29th. Shareholders of record on Thursday, March 25th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, March 24th. Spirit of Texas Bancshares’s dividend payout ratio is presently 25.71%.

Several hedge funds and other institutional investors have recently modified their holdings of STXB. The Manufacturers Life Insurance Company bought a new position in Spirit of Texas Bancshares during the first quarter worth $211,000. Nkcfo LLC bought a new position in shares of Spirit of Texas Bancshares in the 1st quarter worth about $201,000. LSV Asset Management boosted its holdings in shares of Spirit of Texas Bancshares by 131.9% in the 1st quarter. LSV Asset Management now owns 26,056 shares of the company’s stock valued at $581,000 after buying an additional 14,822 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Spirit of Texas Bancshares by 9.1% in the first quarter. Janney Montgomery Scott LLC now owns 18,799 shares of the company’s stock worth $419,000 after acquiring an additional 1,570 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of Spirit of Texas Bancshares in the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 35.07% 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. It offers checking, money market, savings, and individual retirement accounts, as well as various certificates of deposit. 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 and nonowner-occupied commercial real estate loans, multifamily loans, and farmland loans; consumer loans and leases; and municipal and other loans.

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Insider Buying and Selling by Quarter for Spirit of Texas Bancshares (NASDAQ:STXB)

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