Shares of Spirit of Texas Bancshares Inc (NASDAQ:STXB) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Spirit of Texas Bancshares’ rating score has improved by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $27.00 for the company, according to Zacks. Zacks has also assigned Spirit of Texas Bancshares an industry rank of 65 out of 255 based on the ratings given to related companies.

A number of research analysts recently commented on STXB shares. Keefe, Bruyette & Woods started coverage on Spirit of Texas Bancshares in a research note on Tuesday, May 29th. They issued an “outperform” rating and a $25.00 target price for the company. Piper Jaffray Companies started coverage on Spirit of Texas Bancshares in a research note on Tuesday, May 29th. They issued a “neutral” rating for the company. Stephens started coverage on Spirit of Texas Bancshares in a research note on Tuesday, May 29th. They issued an “overweight” rating and a $26.00 target price for the company. Finally, Zacks Investment Research upgraded Spirit of Texas Bancshares from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, September 4th.

A number of large investors have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust bought a new stake in Spirit of Texas Bancshares in the second quarter valued at $5,399,000. BlackRock Inc. bought a new stake in Spirit of Texas Bancshares in the second quarter valued at $2,179,000. State of Wisconsin Investment Board bought a new stake in Spirit of Texas Bancshares in the second quarter valued at $2,060,000. Gerber Kawasaki Wealth & Investment Management bought a new stake in Spirit of Texas Bancshares in the second quarter valued at $514,000. Finally, Northern Trust Corp bought a new stake in Spirit of Texas Bancshares in the second quarter valued at $413,000. Hedge funds and other institutional investors own 24.74% of the company’s stock.

Spirit of Texas Bancshares stock opened at $21.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.13 and a quick ratio of 1.13. Spirit of Texas Bancshares has a 1 year low of $20.04 and a 1 year high of $22.56.

Spirit of Texas Bancshares (NASDAQ:STXB) last issued its earnings results on Tuesday, July 24th. The company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $13.39 million during the quarter. research analysts predict that Spirit of Texas Bancshares will post 1.18 earnings per share for the current fiscal year.

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, 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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