Spirit of Texas Bancshares (NASDAQ:STXB) Releases Earnings Results, Beats Estimates By $0.17 EPS

Spirit of Texas Bancshares (NASDAQ:STXB) announced its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.17, MarketWatch Earnings reports. Spirit of Texas Bancshares had a return on equity of 11.70% and a net margin of 28.37%.

Shares of NASDAQ:STXB opened at $22.26 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. Spirit of Texas Bancshares has a 52-week low of $10.45 and a 52-week high of $24.94. The firm has a fifty day moving average of $23.13. The stock has a market capitalization of $381.76 million, a P/E ratio of 9.36 and a beta of 1.11.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Friday, June 25th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, June 24th. This represents a $0.36 dividend on an annualized basis and a yield of 1.62%. Spirit of Texas Bancshares’s payout ratio is 19.89%.

A number of brokerages recently weighed in on STXB. Stephens raised Spirit of Texas Bancshares from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $26.00 in a report on Thursday, July 8th. Zacks Investment Research lowered Spirit of Texas Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 2nd.

In related news, Director Steven Gregory Kidd sold 50,133 shares of the stock in a transaction dated Friday, May 21st. The stock was sold at an average price of $23.05, for a total transaction of $1,155,565.65. Also, CEO Dean O. Bass sold 2,000 shares of the stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $23.11, for a total value of $46,220.00. Insiders sold 83,322 shares of company stock worth $1,928,253 over the last 90 days. Company insiders own 25.24% of the company’s stock.

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. 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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Earnings History for Spirit of Texas Bancshares (NASDAQ:STXB)

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