Spirit Of Texas Bancshares (STXB) Receives a Buy from Stephens

Stephens analyst Matt Olney reiterated a Buy rating on Spirit Of Texas Bancshares (STXB) today and set a price target of $26.00. The company’s shares closed last Monday at $21.91.

According to TipRanks.com, Olney is a 3-star analyst with an average return of 0.6% and a 48.9% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Business First Bancshares, and Texas Capital Bancshares.

Spirit Of Texas Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $26.00.

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Based on Spirit Of Texas Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.33 million. In comparison, last year the company had a net profit of $2.77 million.

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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.

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