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. In addition, it offers a range of ancillary banking services, including treasury management, wire transfer, ATM access, and co-branded credit card services; consumer and commercial online banking services; merchant services, including credit card processing; and mobile applications, safe deposit boxes, and debit and credit cards. Further, the company invests in U.S. Treasury bills and notes, as well as in securities of federally sponsored agencies, such as Federal Home Loan Bank bonds. As of March 2, 2021, it had 36 locations in the Houston, Dallas/Fort Worth, Bryan/College Station, San AntonioÂNew Braunfels, Austin, Tyler, and Corpus Christi metropolitan areas, as well as in North Central and North East Texas. The company serves individuals, professionals, small and medium-sized businesses, and commercial companies. Spirit of Texas Bancshares, Inc. was founded in 2008 and is headquartered in Conroe, Texas.
IPO Year: 2018
Exchange: NASDAQ
Website: sotb.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/30/2021 | $29.00 → $34.00 | Outperform → Market Perform | Keefe, Bruyette & Woods |
11/22/2021 | $28.50 → $32.00 | Overweight → Neutral | Piper Sandler |
7/8/2021 | $25.00 → $26.00 | Equal-Weight → Overweight | Stephens |
Keefe, Bruyette & Woods downgraded Spirit of Texas Bancshare from Outperform to Market Perform and set a new price target of $34.00 from $29.00 previously
Piper Sandler downgraded Spirit of Texas Bancshare from Overweight to Neutral and set a new price target of $32.00 from $28.50 previously
Stephens upgraded Spirit of Texas Bancshares from Equal-Weight to Overweight and set a new price target of $26.00 from $25.00 previously
SC 13G/A - Spirit of Texas Bancshares, Inc. (0001499453) (Subject)
SC 13G/A - Spirit of Texas Bancshares, Inc. (0001499453) (Subject)
SC 13G/A - Spirit of Texas Bancshares, Inc. (0001499453) (Subject)
15-12B - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
EFFECT - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
EFFECT - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
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POS AM - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
8-K - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
25-NSE - Spirit of Texas Bancshares, Inc. (0001499453) (Subject)
10-K - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
8-K - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
8-K - Spirit of Texas Bancshares, Inc. (0001499453) (Filer)
CONROE, Texas, Feb. 25, 2022 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on February 24, 2022, its Board of Directors declared a quarterly cash dividend in the amount of $0.12 per share of the Company's common stock. The dividend is payable on March 25, 2022 to shareholders of record at the close of business on March 11, 2022. About Spirit of Texas Bancshares, Inc. Spirit, through its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, profession
CONROE, Texas, Jan. 26, 2022 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit," the "Company," "we," "our," or "us"), reported net income of $9.1 million in the fourth quarter of 2021, representing diluted earnings per share of $0.51, compared to net income of $12.5 million in the fourth quarter of 2020, representing diluted earnings per share of $0.72. During the fourth quarter of 2020, net income was impacted by $3.7 million in gain on sale of Main Street Lending loans and $4.5 million in net accretion of deferred origination fees on Paycheck Protection Program ("PPP") loans forgiven by the U.S. Small Business Administration ("SBA"), compared to the fourth quarter
CONROE, Texas, Jan. 11, 2022 /PRNewswire/ -- 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 2021 fourth quarter financial results on Wednesday, January 26, 2022 after the market closes. Management has scheduled a conference call and webcast on Thursday, January 27, 2022 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Spirit of Texas Bancshares' Fourth Quarter 2021 Earnings Conference Call When: Thursday, January 27, 2022 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0867 and ask for the Spirit of T
CONROE, Texas, Nov. 22, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on November 18, 2021, its Board of Directors declared a quarterly cash dividend in the amount of $0.12 per share of the Company's common stock. The dividend is payable on December 15, 2021 to shareholders of record at the close of business on December 1, 2021. About Spirit of Texas Bancshares, Inc. Spirit of Texas Bancshares, Inc. (NASDAQ:STXB), through its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services ta
PINE BLUFF, Ark. and CONROE, Texas, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Simmons First National Corporation (NASDAQ:SFNC) ("Simmons" or "Company") and Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit") announced today the execution of a definitive merger agreement (the "Merger Agreement") pursuant to which Simmons will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Proposed Transaction"), in a transaction consisting of a mixture of cash and Simmons' common stock with an aggregate value of approximately $581 million, based on the Simmons' closing stock price of $31.73 on November 17, 2021. Under the terms and subject to the conditions of the Merger Agre
CONROE, Texas, Oct. 27, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit," the "Company," "we," "our," or "us"), reported net income of $10.5 million in the third quarter of 2021, representing diluted earnings per share of $0.59, compared to net income of $7.1 million in the third quarter of 2020, representing diluted earnings per share of $0.41. Financial results for the third quarter of 2021 were favorably impacted by $2.2 million net accretion of deferred origination fees on Paycheck Protection Program ("PPP") loans forgiven by the U.S. Small Business Administration ("SBA") and lower provision expense due to improved credit quality of the loan portfolio. T
CONROE, Texas, Oct. 18, 2021 /PRNewswire/ -- 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 2021 third quarter financial results on Wednesday, October 27, 2021 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 28, 2021 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Spirit of Texas Bancshares' Third Quarter 2021 Earnings Conference Call When: Thursday, October 28, 2021 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0867 and ask for the Spirit o
CONROE, Texas, Aug. 20, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on August 19, 2021 its Board of Directors increased its quarterly cash dividend for the Company's common stock by 33% to $0.12 per share. The dividend is payable on September 24, 2021 to shareholders of record at the close of business on September 10, 2021. About Spirit of Texas Bancshares, Inc. Spirit, through its wholly owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professio
CONROE, Texas, July 21, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit," the "Company," "we," "our," or "us") reported net income of $12.4 million in the second quarter of 2021, representing diluted earnings per share of $0.70, compared to net income of $7.7 million in the second quarter of 2020, representing diluted earnings per share of $0.44. Financial results for the second quarter of 2021 were favorably impacted by $2.4 million net accretion of origination fees from the U.S. Small Business Administration (the "SBA") on Paycheck Protection Program ("PPP") loans. Second Quarter 2021 Financial and Operational Highlights Non-interest income increased by $1.2
CONROE, Texas, June 14, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.09 per share of the Company's common stock. The dividend is payable on June 30, 2021 to shareholders of record at the close of business on June 25, 2021. About Spirit of Texas Bancshares, Inc. Spirit, through its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals.
CONROE, Texas, Feb. 25, 2022 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on February 24, 2022, its Board of Directors declared a quarterly cash dividend in the amount of $0.12 per share of the Company's common stock. The dividend is payable on March 25, 2022 to shareholders of record at the close of business on March 11, 2022. About Spirit of Texas Bancshares, Inc. Spirit, through its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, profession
CONROE, Texas, Jan. 26, 2022 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit," the "Company," "we," "our," or "us"), reported net income of $9.1 million in the fourth quarter of 2021, representing diluted earnings per share of $0.51, compared to net income of $12.5 million in the fourth quarter of 2020, representing diluted earnings per share of $0.72. During the fourth quarter of 2020, net income was impacted by $3.7 million in gain on sale of Main Street Lending loans and $4.5 million in net accretion of deferred origination fees on Paycheck Protection Program ("PPP") loans forgiven by the U.S. Small Business Administration ("SBA"), compared to the fourth quarter
CONROE, Texas, Jan. 11, 2022 /PRNewswire/ -- 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 2021 fourth quarter financial results on Wednesday, January 26, 2022 after the market closes. Management has scheduled a conference call and webcast on Thursday, January 27, 2022 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Spirit of Texas Bancshares' Fourth Quarter 2021 Earnings Conference Call When: Thursday, January 27, 2022 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0867 and ask for the Spirit of T
PINE BLUFF, Ark., Dec. 02, 2021 (GLOBE NEWSWIRE) -- On November 19, 2021, Simmons First National Corporation (NASDAQ:SFNC) ("Simmons" or "Company") and Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit") announced the execution of a definitive merger agreement (the "Merger Agreement") pursuant to which Simmons will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Proposed Transaction"), in a transaction consisting of a mixture of cash and Simmons' common stock with an aggregate value of approximately $581 million, based on the Simmons' closing stock price of $31.73 on November 17, 2021. As previously disclosed, under the terms of the Merger Agreeme
CONROE, Texas, Nov. 22, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on November 18, 2021, its Board of Directors declared a quarterly cash dividend in the amount of $0.12 per share of the Company's common stock. The dividend is payable on December 15, 2021 to shareholders of record at the close of business on December 1, 2021. About Spirit of Texas Bancshares, Inc. Spirit of Texas Bancshares, Inc. (NASDAQ:STXB), through its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services ta
PINE BLUFF, Ark. and CONROE, Texas, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Simmons First National Corporation (NASDAQ:SFNC) ("Simmons" or "Company") and Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit") announced today the execution of a definitive merger agreement (the "Merger Agreement") pursuant to which Simmons will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB (the "Proposed Transaction"), in a transaction consisting of a mixture of cash and Simmons' common stock with an aggregate value of approximately $581 million, based on the Simmons' closing stock price of $31.73 on November 17, 2021. Under the terms and subject to the conditions of the Merger Agre
CONROE, Texas, Oct. 27, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit," the "Company," "we," "our," or "us"), reported net income of $10.5 million in the third quarter of 2021, representing diluted earnings per share of $0.59, compared to net income of $7.1 million in the third quarter of 2020, representing diluted earnings per share of $0.41. Financial results for the third quarter of 2021 were favorably impacted by $2.2 million net accretion of deferred origination fees on Paycheck Protection Program ("PPP") loans forgiven by the U.S. Small Business Administration ("SBA") and lower provision expense due to improved credit quality of the loan portfolio. T
CONROE, Texas, Oct. 18, 2021 /PRNewswire/ -- 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 2021 third quarter financial results on Wednesday, October 27, 2021 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 28, 2021 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Spirit of Texas Bancshares' Third Quarter 2021 Earnings Conference Call When: Thursday, October 28, 2021 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0867 and ask for the Spirit o
CONROE, Texas, Aug. 20, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (the "Company"), the bank holding company for Spirit of Texas Bank, today announced that on August 19, 2021 its Board of Directors increased its quarterly cash dividend for the Company's common stock by 33% to $0.12 per share. The dividend is payable on September 24, 2021 to shareholders of record at the close of business on September 10, 2021. About Spirit of Texas Bancshares, Inc. Spirit, through its wholly owned subsidiary, Spirit of Texas Bank SSB (the "Bank"), provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professio
CONROE, Texas, July 21, 2021 /PRNewswire/ -- Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit," the "Company," "we," "our," or "us") reported net income of $12.4 million in the second quarter of 2021, representing diluted earnings per share of $0.70, compared to net income of $7.7 million in the second quarter of 2020, representing diluted earnings per share of $0.44. Financial results for the second quarter of 2021 were favorably impacted by $2.4 million net accretion of origination fees from the U.S. Small Business Administration (the "SBA") on Paycheck Protection Program ("PPP") loans. Second Quarter 2021 Financial and Operational Highlights Non-interest income increased by $1.2
Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works. TEGNA Inc. (NYSE:TGNA) Founded in 1906 and headquartered in Tysons, Virginia, TEGNA is a digital media and marketing services company. It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. We first added TEGNA as a potential deal in the works on August 16, 2019, when Apollo Global Management (NYSE:APO) approached the company about a deal. TEGNA’s price after this announcement was $14.28. On January 21, 2020, another large investor in Tegna (NYSE:TGNA) wanted the c
Spirit of Texas Bancshare (NASDAQ:STXB) reported its Q4 earnings results on Wednesday, January 26, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Also check out these big stocks insiders are buying Earnings Spirit of Texas Bancshare reported in-line EPS of $0.55 versus an estimate of $0.55, which did not surprise analysts. Revenue was up $5.87 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01, which was followed by a 0.04% increase in the share price the next day. Here's a look at Spirit of Texas Bancshare's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
Spirit of Texas Bancshare (NASDAQ:STXB) reported quarterly earnings of $0.51 per share which missed the analyst consensus estimate of $0.55 by 7.27 percent. This is a 29.17 percent decrease over earnings of $0.72 per share from the same period last year.
Companies Reporting Before The Bell • Blue Foundry (NASDAQ:BLFY) is projected to report earnings for its fourth quarter. • First BanCorp (NYSE:FBP) is likely to report quarterly earnings at $0.32 per share on revenue of $183.96 million. • O2Micro Intl (NASDAQ:OIIM) is likely to report quarterly earnings at $0.05 per share on revenue of $24.00 million. • Myovant Sciences (NYSE:MYOV) is likely to report earnings for its third quarter. Check out these big stocks insiders are selling • Sharps Compliance (NASDAQ:SMED) is likely to report quarterly earnings at $0.07 per share on revenue of $17.99 million. • Universal Stainless (NASDAQ:USAP) is projected to report quarterly loss at $0.13
Upgrades Sidoti & Co. upgraded the previous rating for DMC Global Inc (NASDAQ:BOOM) from Neutral to Buy. In the third quarter, DMC Glb showed an EPS of $0.02, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $70.00 and a 52-week-low of $35.50. At the end of the last trading period, DMC Glb closed at $37.04. For MAG Silver Corp (AMEX:MAG), TD Securities upgraded the previous rating of Hold to Buy. MAG Silver earned $0.02 in the third quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.43 and a 52-week-low of $14.15. MAG Silver closed at $16.35 at the end of the last trading period. Daiwa Capital upgraded th
Keefe, Bruyette & Woods analyst Brady Gailey downgrades Spirit of Texas Bancshare (NASDAQ:STXB) from Outperform to Market Perform and raises the price target from $29 to $34.
Upgrades According to Evercore ISI Group, the prior rating for Kimco Realty Corp (NYSE:KIM) was changed from In-Line to Outperform. In the third quarter, Kimco Realty showed an EPS of $0.32, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $24.95 and a 52-week-low of $14.03. At the end of the last trading period, Kimco Realty closed at $23.87. According to HSBC, the prior rating for VNET Group Inc (NASDAQ:VNET) was changed from Hold to Buy. In the third quarter, VNET Group showed an EPS of $0.03, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $44.45 and a 52-week-low of $11.75. At the end of the last trading period, VNET Group
Piper Sandler analyst Brad Milsaps downgrades Spirit of Texas Bancshare (NASDAQ:STXB) from Overweight to Neutral and raises the price target from $28.5 to $32.
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)
4 - Spirit of Texas Bancshares, Inc. (0001499453) (Issuer)