NasdaqGS:STXB

Stock Analysis Report

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

Fundamentals

Flawless balance sheet with high growth potential.


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


Market Performance


7 Day Return

1.8%

STXB

4.1%

US Banks

1.0%

US Market


1 Year Return

7.5%

STXB

7.2%

US Banks

8.0%

US Market

Return vs Industry: STXB matched the US Banks industry which returned 7.2% over the past year.

Return vs Market: STXB matched the US Market which returned 8% over the past year.


Shareholder returns

STXBIndustryMarket
7 Day1.8%4.1%1.0%
30 Day2.1%2.8%-0.07%
90 Day-4.5%2.9%-1.0%
1 Year7.5%7.5%10.3%7.2%10.4%8.0%
3 Yearn/a53.9%43.3%46.2%36.7%
5 Yearn/a71.9%53.1%64.3%46.2%

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?

17.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STXB ($21.77) is trading above our estimate of fair value ($9.62)

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


Price To Earnings Ratio

PE vs Industry: STXB is poor value based on its PE Ratio (17.1x) compared to the Banks industry average (12.6x).

PE vs Market: STXB is good value based on its PE Ratio (17.1x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: STXB is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: STXB is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


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?

54.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STXB's forecast earnings growth (54.6% per year) is above the savings rate (2.7%).

Earnings vs Market: STXB's earnings (54.6% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STXB's revenue (31.4% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: STXB's revenue (31.4% per year) is forecast to grow faster 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?

38.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: STXB's earnings have grown significantly by 38.4% per year over the past 5 years.

Accelerating Growth: STXB's earnings growth over the past year (106.7%) exceeds its 5-year average (38.4% per year).

Earnings vs Industry: STXB earnings growth over the past year (106.7%) exceeded the Banks industry 30.1%.


Return on Equity

High ROE: STXB's Return on Equity (6.1%) is considered low.


Return on Assets

ROA vs Industry: STXB's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate STXB's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: STXB has a low level of unsold assets or inventory.

Debt Coverage by Assets: STXB's debt is covered by short term assets (assets are 2.177320x debt).


Financial Institutions Analysis

Asset Level: STXB's level of assets compared to its equity is low.

Allowance for Bad Loans: STXB has a sufficient allowance for bad loans.

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

Loan Level: STXB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: STXB's loans are broadly funded by customer deposits.

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

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Spirit of Texas Bancshares's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

Dean Bass (68yo)

11.8yrs

Tenure

US$816,084

Compensation

Mr. Dean O. Bass is the Chairman and Chief Executive Officer at Spirit of Texas Bancshares, Inc. since 2008. He was employed by Royal Oaks Bank, SSB, serving as its President and CEO. From 1996 to 2000 he  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Dean's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Dean's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.8yrs

Average Tenure

62yo

Average Age

Experienced Management: STXB's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

9.8yrs

Average Tenure

65yo

Average Age

Experienced Board: STXB's board of directors are considered experienced (9.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$2,00928 Aug 19
Akash Patel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares98
Max PriceUS$20.50
BuyUS$107,50001 Aug 19
Steven Morris
EntityIndividual
Shares5,000
Max PriceUS$21.50
BuyUS$107,50001 Aug 19
Leo Metcalf
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$21.50
BuyUS$645,00001 Aug 19
Robert Beall
EntityIndividual
Role
Member of the Board of Directors
Director
Shares30,000
Max PriceUS$21.50
BuyUS$86,00001 Aug 19
Nelda Blair
EntityIndividual
Shares4,000
Max PriceUS$21.50
BuyUS$133,19004 Jun 19
Robert Beall
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,000
Max PriceUS$22.25
BuyUS$20,18415 Mar 19
Leo Metcalf
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares941
Max PriceUS$21.45
BuyUS$21,60006 Mar 19
Steven Morris
EntityIndividual
Shares1,000
Max PriceUS$21.60
BuyUS$21,65025 Feb 19
Steven Morris
EntityIndividual
Shares1,000
Max PriceUS$21.65

Ownership Breakdown


Management Team

  • Jeff Powell (61yo)

    Executive VP & CFO

    • Tenure: 2.3yrs
    • Compensation: US$444.87k
  • David McGuire (55yo)

    President & Director

    • Tenure: 0yrs
    • Compensation: US$809.92k
  • Dean Bass (68yo)

    Chairman of the Board & CEO

    • Tenure: 11.8yrs
    • Compensation: US$816.08k
  • Jerry Golemon (63yo)

    Executive VP & COO

    • Tenure: 2.8yrs
    • Compensation: US$414.99k

Board Members

  • Robert Beall (61yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$63.14k
  • Tom Sooy (72yo)

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: US$90.14k
  • David McGuire (55yo)

    President & Director

    • Tenure: 0yrs
    • Compensation: US$809.92k
  • Dean Bass (68yo)

    Chairman of the Board & CEO

    • Tenure: 11.8yrs
    • Compensation: US$816.08k
  • H. Patel (75yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$60.54k
  • Steve Morris (67yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$89.84k
  • Akash Patel (36yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$64.14k
  • Thomas Jones (63yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$61.34k
  • Tommy Metcalf (71yo)

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: US$85.84k
  • Kendall Nix (57yo)

    Director

    • Tenure: 0.9yrs

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$343.842m
  • Shares outstanding: 15.79m
  • 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 individua ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:39
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.