Insider Buying: Spirit of Texas Bancshares Inc (NASDAQ:STXB) Director Buys 2,519 Shares of Stock

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

NASDAQ:STXB traded down $0.35 during midday trading on Friday, hitting $20.15. 20,910 shares of the stock were exchanged, compared to its average volume of 46,181. The company has a market capitalization of $330.87 million, a price-to-earnings ratio of 14.39 and a beta of -0.09. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.25. Spirit of Texas Bancshares Inc has a one year low of $20.04 and a one year high of $23.48. The business has a 50-day moving average price of $22.06 and a two-hundred day moving average price of $21.75.

Spirit of Texas Bancshares (NASDAQ:STXB) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Spirit of Texas Bancshares had a net margin of 19.25% and a return on equity of 8.52%. The firm had revenue of $27.28 million for the quarter. Sell-side analysts forecast that Spirit of Texas Bancshares Inc will post 1.73 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Spirit of Texas Bancshares by 32.3% in the fourth quarter. Bank of America Corp DE now owns 9,216 shares of the company’s stock valued at $212,000 after buying an additional 2,251 shares during the period. Bank of New York Mellon Corp grew its holdings in Spirit of Texas Bancshares by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 57,895 shares of the company’s stock worth $1,331,000 after acquiring an additional 7,462 shares during the period. Goldman Sachs Group Inc. grew its holdings in Spirit of Texas Bancshares by 25.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,012 shares of the company’s stock worth $414,000 after acquiring an additional 3,709 shares during the period. UBS Group AG grew its holdings in Spirit of Texas Bancshares by 51.9% during the fourth quarter. UBS Group AG now owns 17,878 shares of the company’s stock worth $411,000 after acquiring an additional 6,107 shares during the period. Finally, Mendon Capital Advisors Corp raised its position in Spirit of Texas Bancshares by 27.9% in the fourth quarter. Mendon Capital Advisors Corp now owns 645,266 shares of the company’s stock worth $14,841,000 after acquiring an additional 140,927 shares in the last quarter. 43.50% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on STXB shares. Zacks Investment Research upgraded shares of Spirit of Texas Bancshares from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report 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 restated a “buy” rating and set a $26.00 price target on shares of Spirit of Texas Bancshares in a research report 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 analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.96.

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.

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

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