King Luther Capital Management Corp grew its holdings in shares of CBTX Inc (NASDAQ:CBTX) by 2,048.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,280,405 shares of the company’s stock after buying an additional 1,220,800 shares during the period. King Luther Capital Management Corp owned approximately 4.93% of CBTX worth $45,506,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of CBTX by 59,416.7% during the 1st quarter. Royal Bank of Canada now owns 3,571 shares of the company’s stock worth $105,000 after buying an additional 3,565 shares in the last quarter. UBS Group AG boosted its holdings in shares of CBTX by 836.6% during the 1st quarter. UBS Group AG now owns 4,786 shares of the company’s stock worth $141,000 after buying an additional 4,275 shares in the last quarter. California Public Employees Retirement System bought a new position in shares of CBTX during the 2nd quarter worth approximately $228,000. Engineers Gate Manager LP bought a new position in shares of CBTX during the 3rd quarter worth approximately $501,000. Finally, Stephens Inc. AR bought a new position in shares of CBTX during the 2nd quarter worth approximately $471,000. Hedge funds and other institutional investors own 28.85% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised CBTX from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, November 16th. Stephens set a $37.00 target price on CBTX and gave the stock a “buy” rating in a research report on Friday, November 16th. Finally, ValuEngine lowered CBTX from a “hold” rating to a “sell” rating in a research report on Wednesday.
In other news, Director Joe Sr Penland, Sr. bought 30,670 shares of the stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $34.99 per share, with a total value of $1,073,143.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.10% of the stock is owned by corporate insiders.
Shares of NASDAQ:CBTX opened at $32.35 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.01. CBTX Inc has a twelve month low of $27.00 and a twelve month high of $38.71. The company has a market cap of $839.86 million and a PE ratio of 23.27.
CBTX (NASDAQ:CBTX) last issued its earnings results on Thursday, October 25th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. CBTX had a return on equity of 8.53% and a net margin of 24.61%. The company had revenue of $35.05 million for the quarter. Equities analysts predict that CBTX Inc will post 1.81 EPS for the current fiscal year.
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CBTX, Inc operates as the bank holding company for CommunityBank of Texas National Association that provides commercial banking solutions to small and mid-sized businesses, and professionals in the United States. The company's deposit products include checking and savings accounts, certificates of deposit, and money market accounts; and loan portfolio comprises consumer loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit.
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