Overall market sentiment has been high on Spirit of Texas Bancshares Inc (STXB) stock lately. STXB receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With STXB Stock Today?
Spirit of Texas Bancshares Inc (STXB) stock is trading at $22.97 as of 1:46 PM on Tuesday, May 18, a decline of -$0.43, or -1.84% from the previous closing price of $23.40. The stock has traded between $22.86 and $23.36 so far today. Volume today is 42,572 compared to average volume of 39,608.
More About Spirit of Texas Bancshares Inc
Spirit of Texas Bancshares Inc offers a broad range of commercial and retail banking services. The company offers business checking accounts, lending, treasury management, mortgages, personal financial security, and mobile and online banking services. Its only reportable segment being the business, community banking, provides a broad range of retail and commercial banking services.