A number of other equities analysts also recently weighed in on CBTX. Zacks Investment Research raised shares of CBTX from a hold rating to a buy rating and set a $36.00 price target on the stock in a report on Thursday, January 31st. ValuEngine cut CBTX from a hold rating to a sell rating in a research note on Wednesday, December 5th.
CBTX traded up $0.43 during mid-day trading on Monday, reaching $33.74. 26,377 shares of the stock were exchanged, compared to its average volume of 39,918. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $880.89 million, a price-to-earnings ratio of 17.85 and a beta of 1.03. CBTX has a 1 year low of $27.25 and a 1 year high of $38.71.
CBTX (NASDAQ:CBTX) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The company had revenue of $37.08 million for the quarter. CBTX had a net margin of 31.52% and a return on equity of 10.25%. As a group, equities analysts anticipate that CBTX will post 1.97 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in CBTX in the 3rd quarter valued at about $516,000. BlackRock Inc. increased its position in shares of CBTX by 11.2% during the third quarter. BlackRock Inc. now owns 1,079,975 shares of the company’s stock valued at $38,382,000 after buying an additional 108,825 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of CBTX by 272.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 40,536 shares of the company’s stock valued at $1,340,000 after buying an additional 29,658 shares during the period. King Luther Capital Management Corp increased its position in shares of CBTX by 2,048.2% during the third quarter. King Luther Capital Management Corp now owns 1,280,405 shares of the company’s stock valued at $45,506,000 after buying an additional 1,220,800 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of CBTX by 6.0% during the third quarter. Teachers Advisors LLC now owns 37,185 shares of the company’s stock valued at $1,322,000 after buying an additional 2,112 shares during the period. Institutional investors and hedge funds own 28.56% of the company’s stock.
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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