Shares of CBTX Inc (NASDAQ:CBTX) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a one year consensus target price of $30.00 for the company, according to Zacks. Zacks has also assigned CBTX an industry rank of 146 out of 255 based on the ratings given to related companies.
Several research firms recently commented on CBTX. TheStreet raised CBTX from a “c” rating to a “b-” rating in a research note on Thursday, November 7th. Zacks Investment Research downgraded CBTX from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th.
Several institutional investors and hedge funds have recently modified their holdings of CBTX. Bank of Montreal Can acquired a new stake in shares of CBTX in the 2nd quarter worth $44,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CBTX in the 2nd quarter worth $96,000. JPMorgan Chase & Co. increased its stake in shares of CBTX by 17.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,109 shares of the company’s stock worth $145,000 after acquiring an additional 766 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of CBTX in the 2nd quarter worth $209,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of CBTX in the 2nd quarter worth $232,000. 28.38% of the stock is owned by institutional investors and hedge funds.
NASDAQ CBTX traded down $0.07 during mid-day trading on Thursday, hitting $29.83. The stock had a trading volume of 70,413 shares, compared to its average volume of 35,661. The firm’s 50 day moving average is $29.35 and its 200 day moving average is $28.53. CBTX has a twelve month low of $25.92 and a twelve month high of $34.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $779.97 million, a price-to-earnings ratio of 15.78 and a beta of 1.10.
CBTX (NASDAQ:CBTX) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. CBTX had a return on equity of 10.27% and a net margin of 30.50%. The firm had revenue of $38.69 million during the quarter. As a group, equities research analysts expect that CBTX will post 1.86 earnings per share for the current year.
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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