CBTX Inc (NASDAQ:CBTX) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a 12 month consensus target price of $35.00 for the company, according to Zacks. Zacks has also assigned CBTX an industry rank of 151 out of 256 based on the ratings given to related companies.
Several research firms recently commented on CBTX. Zacks Investment Research raised CBTX from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Stephens reaffirmed a “hold” rating and set a $31.00 target price on shares of CBTX in a report on Tuesday, July 30th.
A number of institutional investors have recently bought and sold shares of CBTX. Vanguard Group Inc. increased its position in CBTX by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 849,007 shares of the company’s stock valued at $23,891,000 after acquiring an additional 13,973 shares during the period. Jacobs Levy Equity Management Inc. increased its position in CBTX by 97.8% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 28,979 shares of the company’s stock worth $815,000 after purchasing an additional 14,327 shares during the period. BlackRock Inc. increased its position in CBTX by 6.7% during the 2nd quarter. BlackRock Inc. now owns 1,190,043 shares of the company’s stock worth $33,488,000 after purchasing an additional 75,107 shares during the period. RMB Capital Management LLC increased its position in CBTX by 0.8% during the 2nd quarter. RMB Capital Management LLC now owns 647,076 shares of the company’s stock worth $18,209,000 after purchasing an additional 5,000 shares during the period. Finally, AlphaOne Investment Services LLC increased its position in CBTX by 48.5% during the 2nd quarter. AlphaOne Investment Services LLC now owns 23,046 shares of the company’s stock worth $649,000 after purchasing an additional 7,526 shares during the period. 28.23% of the stock is currently owned by hedge funds and other institutional investors.
CBTX stock traded down $0.68 during midday trading on Wednesday, hitting $27.88. 2,182 shares of the company were exchanged, compared to its average volume of 37,474. The company has a market cap of $739.98 million, a price-to-earnings ratio of 14.89 and a beta of 1.04. CBTX has a fifty-two week low of $26.11 and a fifty-two week high of $38.45. The stock’s fifty day simple moving average is $28.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.05 and a quick ratio of 1.05.
CBTX (NASDAQ:CBTX) last posted its earnings results on Thursday, July 25th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.47 by $0.10. The firm had revenue of $41.60 million for the quarter. CBTX had a return on equity of 10.54% and a net margin of 31.41%. Equities research analysts expect that CBTX will post 1.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, June 28th. CBTX’s dividend payout ratio (DPR) is 21.16%.
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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