Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, STXB to report 3Q20 income of $ 0.30 per share.
For the full year, analysts anticipate top line of $ 115.18 million, while looking forward to income of $ 1.22 per share bottom line.
Previous Quarter Performance
Spirit of Texas Bancshares, Inc. communicated income for the second quarter of $ 0.44 per share, from the revenue of $ 28.62 million. The quarterly earnings elevated 7.32 percent while revenues up 25.58 percent compared with the same quarter last year.
Wall street analysts are predicting, STXB to report 2Q20 income of $ 0.29 per share from revenue of $ 27.51 million. The bottom line results beat street analysts by $ 0.15 or 51.72 percent, at the same time, top line results outshined analysts by $ 1.11 million or 4.03 percent.
Stock Performance
Shares of Spirit of Texas Bancshares, Inc. traded low $ -0.09 or -0.68 percent on Monday, reaching $ 13.23 with volume of 10.30 thousand shares. Spirit of Texas Bancshares, Inc. has traded high as $ 13.35 and has cracked $ 13.16 on the downward trend
According to the previous trading day, closing price of $ 13.23, representing a 48.66 % increase from the 52 week low of $ 8.96 and a 43.27 % decrease over the 52 week high of $ 23.48.
The company has a market capital of $ 229.47 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Spirit of Texas Bancshares, Inc. will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sotb.com
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.
