Clover Partners L.P. lifted its holdings in Spirit of Texas Bancshares Inc (NASDAQ:STXB) by 219.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,855 shares of the company’s stock after purchasing an additional 54,855 shares during the quarter. Spirit of Texas Bancshares comprises 2.4% of Clover Partners L.P.’s holdings, making the stock its 22nd biggest position. Clover Partners L.P.’s holdings in Spirit of Texas Bancshares were worth $1,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STXB. Chicago Equity Partners LLC acquired a new position in shares of Spirit of Texas Bancshares in the 3rd quarter valued at approximately $403,000. Northern Trust Corp acquired a new position in shares of Spirit of Texas Bancshares in the 2nd quarter valued at approximately $413,000. Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Spirit of Texas Bancshares in the 2nd quarter valued at approximately $514,000. State of Wisconsin Investment Board bought a new stake in Spirit of Texas Bancshares in the 2nd quarter valued at approximately $2,060,000. Finally, BlackRock Inc. bought a new stake in Spirit of Texas Bancshares in the 2nd quarter valued at approximately $2,179,000. Institutional investors and hedge funds own 25.65% of the company’s stock.

Several equities research analysts have commented on the company. Piper Jaffray Companies restated a “neutral” rating and issued a $22.00 target price on shares of Spirit of Texas Bancshares in a research note on Tuesday. Stephens restated a “buy” rating and issued a $26.00 target price on shares of Spirit of Texas Bancshares in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Spirit of Texas Bancshares from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, September 4th.

NASDAQ STXB opened at $19.28 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.43. Spirit of Texas Bancshares Inc has a 52 week low of $16.70 and a 52 week high of $22.56.

Spirit of Texas Bancshares (NASDAQ:STXB) last released its earnings results on Tuesday, October 23rd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). The firm had revenue of $14.26 million during the quarter. Spirit of Texas Bancshares had a net margin of 12.89% and a return on equity of 6.96%. Analysts anticipate that Spirit of Texas Bancshares Inc will post 1.18 earnings per share for the current year.

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About Spirit of Texas Bancshares

Spirit of Texas Bancshares, Inc operates as the holding company for Spirit of Texas Bank SSB that provides various commercial and retail banking services to small and medium-sized businesses and individuals. It offers checking accounts, money market accounts, savings accounts, certificates of deposit, and IRA accounts, 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-occupied commercial real estate loans, other commercial real estate loans, and multifamily loans and farmland; consumer loans and leases; and municipal and other loans.

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Institutional Ownership by Quarter for Spirit of Texas Bancshares (NASDAQ:STXB)

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