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

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

Shares of STXB opened at $20.15 on Friday. Spirit of Texas Bancshares Inc has a twelve month low of $20.04 and a twelve month high of $23.48. The company has a market cap of $330.88 million, a P/E ratio of 14.44 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. The company’s fifty day simple moving average is $22.00 and its 200-day simple moving average is $21.74.

Spirit of Texas Bancshares (NASDAQ:STXB) last announced its earnings results on Wednesday, January 29th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter. Analysts predict that Spirit of Texas Bancshares Inc will post 1.73 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Spirit of Texas Bancshares by 99,108.0% in the 2nd quarter. Royal Bank of Canada now owns 24,802 shares of the company’s stock worth $558,000 after buying an additional 24,777 shares during the period. Rhumbline Advisers grew its holdings in Spirit of Texas Bancshares by 14.3% during the 3rd quarter. Rhumbline Advisers now owns 17,750 shares of the company’s stock worth $383,000 after acquiring an additional 2,222 shares in the last quarter. State Street Corp grew its holdings in Spirit of Texas Bancshares by 4.3% during the 3rd quarter. State Street Corp now owns 209,312 shares of the company’s stock worth $4,511,000 after acquiring an additional 8,670 shares in the last quarter. California State Teachers Retirement System grew its holdings in Spirit of Texas Bancshares by 16.0% during the 3rd quarter. California State Teachers Retirement System now owns 20,980 shares of the company’s stock worth $452,000 after acquiring an additional 2,893 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in Spirit of Texas Bancshares during the 3rd quarter worth about $92,000. 43.50% of the stock is currently owned by institutional investors and hedge funds.

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