CBTX Inc (NASDAQ:CBTX) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 403,700 shares, a decrease of 20.7% from the April 30th total of 509,100 shares. Based on an average daily volume of 36,100 shares, the days-to-cover ratio is currently 11.2 days. Currently, 2.3% of the shares of the company are sold short.
Shares of CBTX traded down $0.08 during mid-day trading on Wednesday, hitting $28.39. The company’s stock had a trading volume of 23,100 shares, compared to its average volume of 36,127. CBTX has a one year low of $26.11 and a one year high of $38.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $734.48 million, a price-to-earnings ratio of 15.02 and a beta of 1.09.
CBTX (NASDAQ:CBTX) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). CBTX had a net margin of 31.19% and a return on equity of 10.14%. The business had revenue of $36.82 million during the quarter. Equities analysts predict that CBTX will post 1.84 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of CBTX by 5.5% in the fourth quarter. BlackRock Inc. now owns 1,139,230 shares of the company’s stock valued at $33,494,000 after purchasing an additional 59,255 shares in the last quarter. RMB Capital Management LLC raised its stake in shares of CBTX by 4.0% in the fourth quarter. RMB Capital Management LLC now owns 654,286 shares of the company’s stock valued at $19,236,000 after purchasing an additional 24,867 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of CBTX by 84.0% in the third quarter. Vanguard Group Inc. now owns 630,472 shares of the company’s stock valued at $22,407,000 after purchasing an additional 287,888 shares in the last quarter. Millennium Management LLC raised its stake in shares of CBTX by 19.5% in the fourth quarter. Millennium Management LLC now owns 380,016 shares of the company’s stock valued at $11,172,000 after purchasing an additional 62,004 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its stake in shares of CBTX by 44.3% in the first quarter. Wasatch Advisors Inc. now owns 227,772 shares of the company’s stock valued at $7,396,000 after purchasing an additional 69,966 shares in the last quarter. 28.84% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised CBTX from a “sell” rating to a “hold” rating in a research report on Wednesday. Stephens reissued a “hold” rating and issued a $35.00 price objective on shares of CBTX in a research report on Wednesday, May 1st.
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CBTX Company Profile
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 offers various deposit products, including demand, savings, money market, and time accounts; and loans, such as commercial and industrial loans, commercial real estate loans, construction and development loans, 1-4 family residential mortgage loans, multi-family residential loans, consumer loans, and agricultural loans.
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