NasdaqGS:STXB

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Spirit of Texas Bancshares

Executive Summary

Spirit of Texas Bancshares, Inc. operates as the holding company for Spirit of Texas Bank SSB that provides various commercial and retail banking services. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Spirit of Texas Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: STXB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: STXB's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-7.5%

STXB

-2.7%

US Banks

0.6%

US Market


1 Year Return

-28.3%

STXB

-16.6%

US Banks

22.7%

US Market

Return vs Industry: STXB underperformed the US Banks industry which returned -19.6% over the past year.

Return vs Market: STXB underperformed the US Market which returned 21% over the past year.


Shareholder returns

STXBIndustryMarket
7 Day-7.5%-2.7%0.6%
30 Day24.5%20.9%13.1%
90 Day26.3%17.0%4.5%
1 Year-27.9%-28.3%-13.6%-16.6%25.5%22.7%
3 Yearn/a-6.0%-13.8%49.0%39.1%
5 Yearn/a38.8%21.5%98.3%76.5%

Long-Term Price Volatility Vs. Market

How volatile is Spirit of Texas Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Spirit of Texas Bancshares undervalued compared to its fair value and its price relative to the market?

11.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STXB ($15.82) is trading above our estimate of fair value ($13.07)

Significantly Below Fair Value: STXB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: STXB is good value based on its PE Ratio (11.2x) compared to the US Banks industry average (11.3x).

PE vs Market: STXB is good value based on its PE Ratio (11.2x) compared to the US market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: STXB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: STXB is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is Spirit of Texas Bancshares forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STXB's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: STXB's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: STXB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: STXB's revenue (4.3% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: STXB's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STXB's Return on Equity is forecast to be low in 3 years time (6.4%).


Next Steps

Past Performance

How has Spirit of Texas Bancshares performed over the past 5 years?

41.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STXB has high quality earnings.

Growing Profit Margin: STXB's current net profit margins (23.6%) are higher than last year (22.1%).


Past Earnings Growth Analysis

Earnings Trend: STXB's earnings have grown significantly by 41.1% per year over the past 5 years.

Accelerating Growth: STXB's earnings growth over the past year (42.8%) exceeds its 5-year average (41.1% per year).

Earnings vs Industry: STXB earnings growth over the past year (42.8%) exceeded the Banks industry -4.1%.


Return on Equity

High ROE: STXB's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Spirit of Texas Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: STXB's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: STXB has a sufficient allowance for bad loans (140%).

Low Risk Liabilities: 89% of STXB's liabilities are made up of primarily low risk sources of funding.

Loan Level: STXB has an appropriate level of Loans to Assets ratio (83%).

Low Risk Deposits: STXB's Loans to Deposits ratio (107%) is appropriate.

Level of Bad Loans: STXB has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is Spirit of Texas Bancshares's current dividend yield, its reliability and sustainability?

1.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STXB's dividend (1.77%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: STXB's dividend (1.77%) is low compared to the top 25% of dividend payers in the US market (4.18%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether STXB's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if STXB's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (4.9%), STXB's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STXB's dividends in 3 years are forecast to be well covered by earnings (19.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Dean Bass (69 yo)

12.83yrs

Tenure

US$1,058,830

Compensation

Mr. Dean O. Bass is the Chief Executive Officer at Spirit of Texas Bancshares, Inc. and Spirit of Texas Bank, SSB since 2008 and serves as its Chairman since 2008. He has been Chairman of Spirit of Texas B...


CEO Compensation Analysis

Compensation vs Market: Dean's total compensation ($USD1.06M) is about average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Dean's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dean Bass
Chairman & CEO12.83yrsUS$1.06m1.16%
$ 3.2m
David McGuire
President & Director11.83yrsUS$1.01m0.86%
$ 2.3m
Jerry Golemon
Executive VP3.83yrsUS$441.88k0.034%
$ 93.8k
Allison Johnson
Executive VP & CFO0.83yrno data0.0014%
$ 4.0k

7.8yrs

Average Tenure

60yo

Average Age

Experienced Management: STXB's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dean Bass
Chairman & CEO12.83yrsUS$1.06m1.16%
$ 3.2m
David McGuire
President & Director11.83yrsUS$1.01m0.86%
$ 2.3m
Steven Morris
Independent Director12.83yrsUS$86.57k0.81%
$ 2.2m
Robert Beall
Independent Director7.83yrsUS$57.07k1.55%
$ 4.2m
Thomas Sooy
Independent Director10.83yrsUS$83.57k0.16%
$ 433.6k
H. Patel
Independent Director4.08yrsUS$51.57k0.39%
$ 1.1m
Nelda Blair
Independent Director1.5yrsUS$12.50k0.038%
$ 102.8k
Akash Patel
Independent Director11.83yrsUS$54.57k1.05%
$ 2.9m
Thomas Jones
Independent Director3.33yrsUS$53.57k0.20%
$ 556.9k
Allen Jones
Independent Director1.58yrsUS$6.00k0.96%
$ 2.6m
Leo Metcalf
Independent Director10.83yrsUS$80.57k1.04%
$ 2.9m
William Nix
Director2yrsno data3.69%
$ 10.1m

9.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: STXB's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: STXB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Spirit of Texas Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spirit of Texas Bancshares, Inc.
  • Ticker: STXB
  • Exchange: NasdaqGS
  • Founded: 2008
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$273.530m
  • Shares outstanding: 17.29m
  • Website: https://www.sotb.com

Number of Employees


Location

  • Spirit of Texas Bancshares, Inc.
  • 1836 Spirit of Texas Way
  • Conroe
  • Texas
  • 77301
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STXBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 2018

Biography

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 in...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:29
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.