Stephens analyst Matt Olney maintained a Buy rating on Spirit Of Texas Bancshares Inc (STXB) today and set a price target of $25. The company’s shares closed yesterday at $22.21.
According to TipRanks.com, Olney is a 3-star analyst with an average return of 1.6% and a 52.5% success rate. Olney covers the Financial sector, focusing on stocks such as Business First Bancshares Inc, Hancock Whitney Corporation, and First Western Financial Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spirit Of Texas Bancshares Inc with a $25.50 average price target, a 14.8% upside from current levels. In a report issued on April 15, Sandler O’Neill also initiated coverage with a Buy rating on the stock with a $25 price target.
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Spirit Of Texas Bancshares Inc’s market cap is currently $268.8M and has a P/E ratio of 22.60. The company has a Price to Book ratio of 1.35.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STXB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spirit of Texas Bancshares, Inc. is a bank holding company, which offers commercial and retail banking services. Its product offerings consist of a range of commercial products, including term loans and operating lines of credit to commercial and industrial companies; commercial real estate loans; construction and development loans; SBA loans; commercial deposit accounts; and treasury management services; and retail offerings include consumer loans, 1-4 single family residential real estate loans and retail deposit products. The company was founded by Dean O. Bass in November 2008 and is headquartered in Conroe, TX.
