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 to small and medium-sized businesses and individuals.


Snowflake Analysis

Excellent 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.6%

STXB

2.0%

US Banks

1.1%

US Market


1 Year Return

-42.8%

STXB

-27.5%

US Banks

4.6%

US Market

Return vs Industry: STXB underperformed the US Banks industry which returned -28.3% over the past year.

Return vs Market: STXB underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

STXBIndustryMarket
7 Day9.6%2.0%1.1%
30 Day22.7%-0.05%5.5%
90 Day-34.5%-30.8%-4.9%
1 Year-42.8%-42.8%-25.1%-27.5%7.0%4.6%
3 Yearn/a-15.5%-22.1%28.6%20.1%
5 Yearn/a6.0%-6.6%52.5%35.3%

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?

7.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STXB ($12.5) is trading below our estimate of fair value ($13.57)

Significantly Below Fair Value: STXB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: STXB is poor value based on its PE Ratio (9.5x) compared to the Banks industry average (9.3x).

PE vs Market: STXB is good value based on its PE Ratio (9.5x) compared to the US market (15.1x).


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 (0.6x) compared to the US Banks industry average (0.8x).


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?

-11.5%

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 (-11.5% per year).

Earnings vs Market: STXB's earnings are forecast to decline over the next 3 years (-11.5% per year).

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

Revenue vs Market: STXB's revenue (6.5% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: STXB's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if STXB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STXB has high quality earnings.

Growing Profit Margin: STXB's current net profit margins (22%) are higher than last year (19.5%).


Past Earnings Growth Analysis

Earnings Trend: STXB's earnings have grown significantly by 42.7% per year over the past 5 years.

Accelerating Growth: STXB's earnings growth over the past year (81.2%) exceeds its 5-year average (42.7% per year).

Earnings vs Industry: STXB earnings growth over the past year (81.2%) exceeded the Banks industry 2.9%.


Return on Equity

High ROE: STXB's Return on Equity (6.2%) 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 (7.4x) is low.

Allowance for Bad Loans: STXB has a low allowance for bad loans (99%).

Low Risk Liabilities: 94% 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 (79%).

Low Risk Deposits: STXB's Loans to Deposits ratio (97%) 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?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate STXB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate STXB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STXB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if STXB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of STXB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Dean Bass (68yo)

12.33yrs

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 served as its Chairman since 2008 until April 2020. He has been Chairman of  ...


CEO Compensation Analysis

Compensation vs Market: Dean's total compensation ($USD1.06M) is about average for companies of similar size in the US market ($USD1.42M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dean Bass
Chief Executive Officer12.33yrsUS$1.06m1.14% $2.5m
David McGuire
President & Director11.33yrsUS$1.01m0.84% $1.9m
Jerry Golemon
Executive VP3.33yrsUS$441.88k0.030% $65.3k
Allison Johnson
Interim CFO & Chief Accounting Officer0.33yrno data0.0014% $3.1k

7.3yrs

Average Tenure

59yo

Average Age

Experienced Management: STXB's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David McGuire
President & Director11.33yrsUS$1.01m0.84% $1.9m
Steven Morris
Acting Independent Chairman of the Board0.083yrUS$86.57k0.78% $1.7m
Robert Beall
Independent Director7.33yrsUS$57.07k1.41% $3.1m
Thomas Sooy
Independent Director10.33yrsUS$83.57k0.15% $340.1k
H. Patel
Independent Director3.58yrsUS$51.57k0.39% $849.4k
Nelda Blair
Independent Director1yrUS$12.50k0.037% $81.2k
Akash Patel
Independent Director11.33yrsUS$54.57k1.04% $2.3m
Thomas Jones
Independent Director2.83yrsUS$53.57k0.20% $440.0k
Leo Metcalf
Independent Director10.33yrsUS$80.57k1.02% $2.3m
William Nix
Director1.5yrsno data3.63% $8.0m

5.5yrs

Average Tenure

62yo

Average Age

Experienced Board: STXB's board of directors are considered experienced (5.5 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 been diluted in the past year, with total shares outstanding growing by 27.8%.


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$220.160m
  • Shares outstanding: 17.61m
  • 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 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. In addition, it offers debit and credit cards, safe deposit boxes, wire transfer and treasury management services, and online banking services; and invests in U.S. Treasury bills and notes, as well as in securities of federally sponsored agencies, such as Federal Home Loan Bank bonds. The company operates through a network of 23 full-service branches located in the Houston, Dallas/Fort Worth, and Bryan/College Station metropolitan areas, as well as North Central Texas. Spirit of Texas Bancshares, Inc. was founded in 2008 and is headquartered in Conroe, Texas. Spirit of Texas Bancshares, Inc. operates as a subsidiary of KIDD PARTNERS, LTD. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 03:06
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
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.