STXB - Spirit of Texas Bancshares, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
9.15
-0.05 (-0.54%)
At close: 4:00PM EDT
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Previous Close9.20
Open9.10
Bid8.00 x 800
Ask11.50 x 1400
Day's Range9.06 - 10.23
52 Week Range8.98 - 23.48
Volume54,392
Avg. Volume64,660
Market Cap165.948M
Beta (5Y Monthly)N/A
PE Ratio (TTM)6.54
EPS (TTM)1.40
Earnings DateJan 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est20.00
  • How Does Spirit of Texas Bancshares's (NASDAQ:STXB) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Spirit of Texas Bancshares's (NASDAQ:STXB) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, Spirit of Texas Bancshares (NASDAQ:STXB) shares are down a considerable 32% in...

  • Insider Buying: The Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Independent Director Just Bought US$198k Worth Of Shares
    Simply Wall St.

    Insider Buying: The Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Independent Director Just Bought US$198k Worth Of Shares

    Potential Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) shareholders may wish to note that the Independent Director...

  • PR Newswire

    Spirit Of Texas Bancshares, Inc. Completes Acquisition Of Five Simmons Bank Locations

    On February 28, 2020, Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit"), the holding company for Spirit of Texas Bank, completed its purchase of certain assets and assumption of certain liabilities associated with five Simmons Bank ("Simmons") locations in Austin, San Antonio and Tilden, Texas. Under the terms of the definitive agreement, Spirit purchased loans of approximately $271 million and assumed deposits of approximately $148 million.

  • Robert Beall Is The Independent Director of Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) And They Just Spent US$51k On Shares
    Simply Wall St.

    Robert Beall Is The Independent Director of Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) And They Just Spent US$51k On Shares

    Whilst it may not be a huge deal, we thought it was good to see that the Spirit of Texas Bancshares, Inc...

  • Why Spirit of Texas Bancshares, Inc.'s (NASDAQ:STXB) High P/E Ratio Isn't Necessarily A Bad Thing
    Simply Wall St.

    Why Spirit of Texas Bancshares, Inc.'s (NASDAQ:STXB) High P/E Ratio Isn't Necessarily A Bad Thing

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...

  • Bank earnings roundup: Prosperity Bank posts growth, Allegiance Bank issues first quarterly dividend
    American City Business Journals

    Bank earnings roundup: Prosperity Bank posts growth, Allegiance Bank issues first quarterly dividend

    Prosperity Bancshares Houston-based Prosperity Bancshares Inc. (NYSE: PB), parent company of Prosperity Bank, reported net income of $86.13 million for the fourth quarter of 2019. For 2019 as a whole, Prosperity posted net income of $332.56 million, compared to net income of $321.81 million in 2018. Net income per diluted common share totaled $4.52 for 2019, compared to $4.61 for 2018.

  • PR Newswire

    Spirit Of Texas Bancshares, Inc. Reports Fourth Quarter 2019 Financial Results

    Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) ("Spirit" or the "Company"), reported net income of $6.2 million in the fourth quarter of 2019 representing diluted earnings per share of $0.35. Net income and diluted earnings per share increased over the same period in the prior year by 148% and 59%, respectively.

  • PR Newswire

    Spirit Of Texas Director Nelda Luce Blair Named To Texas Public Safety Commission By Governor Greg Abbott

    Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit"), the holding company for Spirit of Texas Bank, today announced that its independent director, Nelda Luce Blair, has been appointed by Governor Greg Abbott to the Texas Public Safety Commission (the "Commission") for a term running through January 1, 2026.

  • PR Newswire

    Spirit Of Texas Bancshares, Inc. Announces 2019 Fourth Quarter Earnings Release And Conference Call Schedule

    Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, announced today that it will disclose its 2019 fourth quarter and year-end financial results on Wednesday, January 29, 2020 after the market closes. Management has scheduled a conference call and webcast on Thursday, January 30, 2020 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) to discuss these financial results.

  • Houston-area community bank CFO dies unexpectedly
    American City Business Journals

    Houston-area community bank CFO dies unexpectedly

    The CFO of Conroe-based Spirit of Texas Bancshares Inc. (Nasdaq: STXB) and its banking subsidiary, Spirit of Texas Bank, has died. Jeffrey A. Powell was 61 years old as of last April, when the company filed its most recent proxy statement with the U.S. Securities and Exchange Commission. Powell had been executive vice president and CFO of the company and the bank since July 2017.

  • PR Newswire

    Spirit Of Texas Bancshares, Inc. Announces Passing Of Chief Financial Officer Jeffery A. Powell

    Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, announced today that Jeffery A. Powell unexpectedly passed away on January 13, 2020. Mr. Powell had served as Executive Vice President and Chief Financial Officer of the Company and its banking subsidiary, Spirit of Texas Bank, since July 2017.

  • Why These 3 Bank Stocks Can Take Off in 2020
    TipRanks

    Why These 3 Bank Stocks Can Take Off in 2020

    Bank stocks underperformed the broader market in 2019. A changing landscape with increasing competition from fintech disruptors, low interest rates, and one-off credit events all played their part in stifling the industry’s growth. While the BANK index generated returns of more than 20%, the number still fell short of the S&P 500’s 29% increase.2020 brings with it new uncertainties, too; A U.S. presidential election, EPS volatility expected from CECL (current expected credit loss), the unavoidable change in the credit cycle, all attaching risk to financial stocks.While the sector is trading at one of the lowest multiples over the last two decades compared to the S&P 500, there are particular banking stocks that present a compelling opportunity.Investment firm Stephen sees several important stock plays in the banking industry for investors to consider in coming months. Using TipRanks’ Stock Comparison, we were able to read the fine print on 3 top picks the firm thinks investors should take note of in 2020. Additionally, we’ve confirmed that Stephen is in the majority on Wall Street in recommending these equities.Sterling Bancorp (STL)We’ll start off with a trip down to Montebello, New York, the home of regional bank holding company, Sterling Bancorp. STL focuses on providing financial services to small and midsize business owners, families, and consumers, primarily in the greater New York metropolitan area. Sterling stock beat the financial sector’s returns in 2019 and matched the S&P 500’s yearly 29% gain.Stephen’s Matthew Breese believes Sterling’s “profitability metrics as measured by ROA and ROTCE remain in the top quartile of peers.” The 4-star analyst argued these have helped drive “first/second quartile EPS and TBV growth over the last year and five years, respectively.”Furthermore, the analyst points out that Sterling’s balance sheet and EPS growth could be bolstered by portfolio purchases as well as further M&A activity. Historically, STL has been opportunistic in this regard and could pursue a similar strategy through 2021.Breese added “With accretable yield expected to fall to ~15bp of the NIM by early 2020, we anticipate net interest income will fall by ~2% in 2020 before inflecting and growing in 2021 by ~2%. Helping drive the inflection point is organic loan growth, anticipated at ~6%-8% through 2021… We think shares of STL are undervalued trading at~9x 2021 EPS vs. its historical 10-year P/E of 13.7x. In addition, when we compare STL to less profitable peers, the stock looks attractive, trading at a 3x-4x discount to peers on a P/E basis despite a ROA that’s superior by ~30bp.”Accordingly, the 4-star analyst reiterated an Overweight rating on STL. The accompanying price target of $25 suggests upside potential of 23%. (To watch Breese’s track record, click here)In general, the rest of the Street is on the same page. 5 "buy" ratings compared to 1 "hold" assigned in the last three months give it a Strong Buy analyst consensus. At the $25.75 average price target, shares could surge 24% over the next twelve months. (See Sterling Bancorp stock analysis on TipRanks)Spirit Of Texas Bancshares (STXB)Moving to the south, we head over to the Lone Star State, the home of Spirit Of Texas Bancshares. STXB is a fellow holding company with 36 locations across the state.The bank has been busy on the shopping front and in November, completed the acquisition of Chandler Bancorp, a deal which cost Spirit $17,900,000 million. The purchase marks Spirit’s tenth acquisition in Texas and third since going public in 2018. Full integration is expected by mid-2020, and Stephens’ Matt Olney believes that following the merger STXB “can improve its efficiency ratio to below 60% (currently at 62%).”An additional positive indicator for Olney is STXB’s loan portfolio, the majority of which is a combination of fixed rate or variable rate currently at a floor rate. Olney expects “earning asset yields to remain relatively stable which should help protect the Bank's strong NIM (net interest margin) of 4.63%.”Following a 3Q19 secondary equity capital raise, STXB’s “capital position remains strong.” Olney further added, “We believe STXB remains well capitalized for M&A opportunities and we expect the company to remain acquisitive and is targeting banks in the $300 million-$1billion in asset range. We estimate there are 100+ banks in their footprint within this specific range. Assuming the next deal is well structured, we anticipate the EPS accretion could be between mid to high-single-upper digits to low double digits.”As a result, the analyst left his Overweight rating and $28 price target as is. Should the target be met, investors’ boots will be stuffed with a 22% gain over the next 12 months. (To watch Olney’s track record, click here)Where do other analysts stand on the Spirit of Texas’ prospects for 2020? While the rest of the Street remains fairly quiet, the two fellow analysts chiming in with a view both put Spirit in the Buy category. The bank’s Strong Buy consensus rating comes with an average price target of $26.17 and indicates upside potential of 14%. (See STXB stock analysis on TipRanks)Ameris Bancorp (ABCB)For our final stock, we head up to Georgia, the base of regional bank, Ameris Bancorp. With $17.8 billion in total assets, the financial holding company has a foothold in the Southeastern states, with retail and commercial customers in Georgia, Alabama, Florida, South Carolina, and Tennessee.In July ’19, Ameris completed the acquisition of Fidelity Southern Corporation in a deal valued at $750.7 million. The deal adds Fidelity’s 62 bank branches to Ameris’ roster, 46 of which are located in Georgia and 16 in Florida. Stephen analyst Tyler Stafford believes the merger “added a high-quality deposit base (0.65% cost) and provides substantial liquidity.”Ameris had a highly profitable ROA (return on assets) of 1.54% in 2019. Stafford thinks this will “accelerate to 1.58% in 2021 given the added benefits of the LION acquisition.” The 4-star analyst also notes that “ABCB should see tailwinds in its mortgage division in the current interest rate environment.” Stafford models for mortgage fees/total revenue of 18%/16% in 2020 and 2021.“While ABCB has grown from about $5 billion to $17 billion in assets over the past 4 years (organically and through M&A), we believe the company is on the M&A sidelines over the next ~4-6 quarters as it focuses on capitalizing on the LION acquisition/Atlanta market disruption,” Stafford added.Based on the above, Stafford reiterated an Overweight rating on Ameris alongside a price target of $51, which implies potential upside of 19% from current levels. (To watch Stafford’s track record, click here)Overall, the Georgia bank has three other analysts currently following its progress, and all rate ABCB a Buy. Thus, Ameris qualifies as a Strong Buy. The average price target comes in at $50 and indicates upside potential of 17%. (See Ameris price targets and analyst ratings on TipRanks)

  • Bank branches in San Antonio to be acquired by Conroe-based bank
    American City Business Journals

    Bank branches in San Antonio to be acquired by Conroe-based bank

    Spirit of Texas Bancshares Inc., holding company for Spirit of Texas Bank, has agreed to buy four branch offices and one mortgage loan office from Simmons Bank, as well as certain deposits, loans and other assets, Spirit of Texas Bank announced Monday. The assets being acquired are in San Antonio, Austin and Tilden. The five locations being acquired will increase Conroe-based Spirit's (Nasdaq: STXB) number of locations across Texas to 41 while establishing a physical presence in San Antonio and Austin.

  • Houston-area bank buys more branches in Texas
    American City Business Journals

    Houston-area bank buys more branches in Texas

    After closing a deal in early November, a Houston-area bank has announced its 11th acquisition in the state of Texas and its fourth since going public in 2018.

  • PR Newswire

    Spirit Of Texas Bank Agrees To Acquire Deposits, Loans And Other Assets Of Five Simmons Bank Locations In Key Texas Markets

    Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company" or "Spirit"), the holding company for Spirit of Texas Bank (the "Bank"), today announced that the Bank has entered into a branch purchase and assumption agreement with Simmons Bank ("Simmons"), pursuant to which the Bank will acquire four Simmons branch offices and one Simmons mortgage loan office located in Austin, San Antonio and Tilden, Texas, as well as certain of their deposits, loans and other assets. The addition of these five locations will increase Spirit's number of locations to 41 across the State of Texas and establish a physical presence in two of the key Texas growth markets. Completion of the transaction is expected in the first quarter of 2020 and is subject to certain closing conditions, including customary regulatory approvals.

  • Hedge Funds Have Never Been This Bullish On Spirit of Texas Bancshares, Inc. (STXB)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Spirit of Texas Bancshares, Inc. (STXB)

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • Houston-area bank closes acquisition of East Texas bank, expands board
    American City Business Journals

    Houston-area bank closes acquisition of East Texas bank, expands board

    The acquisition marks the Conroe-based community bank's third deal since going public in May 2018.

  • PR Newswire

    Spirit of Texas Bancshares, Inc. Completes Acquisition Of Chandler Bancorp, Inc.

    CONROE, Texas, Nov. 5, 2019 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (STXB) ("Spirit"), the holding company for Spirit of Texas Bank, completed its acquisition of Chandler Bancorp, Inc. and its subsidiary, Citizens State Bank (together, "Citizens"), on November 5, 2019. Under the terms of the definitive agreement, Spirit issued 2,100,000 shares of common stock and paid an aggregate of $17,900,000 million in cash to the sole shareholder of Chandler Bancorp. "The completion of this transaction is a significant milestone for our company, as it marks our tenth acquisition in Texas and our third since become a public company in May 2018," said Dean O. Bass, Spirit's Chairman and Chief Executive Officer.

  • Houston-area banks post mixed Q3 earnings as interest rate cuts impact revenues
    American City Business Journals

    Houston-area banks post mixed Q3 earnings as interest rate cuts impact revenues

    Prosperity Bancshares, Cadence Bancorporation and Spirit of Texas Bancshares announced third-quarter financial results this week.

  • PR Newswire

    Spirit of Texas Bancshares, Inc. Reports Third Quarter 2019 Financial Results

    Organic loan growth of $69.4 million for the quarter CONROE, Texas , Oct. 22, 2019 /PRNewswire/ --  Spirit of Texas Bancshares, Inc. (NASDAQ: STXB)   ("Spirit" or the "Company"), the ...

  • Have Insiders Been Buying Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Shares This Year?
    Simply Wall St.

    Have Insiders Been Buying Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Shares This Year?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • PR Newswire

    Spirit of Texas Bancshares, Inc. Announces 2019 Third Quarter Earnings Release And Conference Call Schedule

    CONROE, Texas , Oct. 10, 2019 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, announced today that it will ...

  • Should You Be Tempted To Sell Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) Because Of Its P/E Ratio?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Spirit of...

  • Spirit of Texas Bancshares (STXB) Q2 2019 Earnings Call Transcript
    Motley Fool

    Spirit of Texas Bancshares (STXB) Q2 2019 Earnings Call Transcript

    STXB earnings call for the period ending June 30, 2019.