CBTX Inc (NASDAQ:CBTX) has been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 1 year consensus price target of $40.00 for the company, according to Zacks. Zacks has also given CBTX an industry rank of 156 out of 255 based on the ratings given to related companies.
A number of equities analysts have weighed in on CBTX shares. Stephens restated a “buy” rating and issued a $33.00 target price on shares of CBTX in a research note on Friday, July 27th. Zacks Investment Research upgraded CBTX from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $35.00 target price on shares of CBTX in a research note on Friday, July 27th.
CBTX traded down $0.21 during trading on Friday, reaching $36.13. 67,100 shares of the company were exchanged, compared to its average volume of 88,994. The stock has a market capitalization of $944.00 million and a price-to-earnings ratio of 25.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. CBTX has a 12-month low of $27.00 and a 12-month high of $38.71.
CBTX (NASDAQ:CBTX) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $34.38 million for the quarter. CBTX had a return on equity of 8.29% and a net margin of 23.26%. research analysts forecast that CBTX will post 1.75 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in CBTX by 59,416.7% in the 1st quarter. Royal Bank of Canada now owns 3,571 shares of the company’s stock worth $105,000 after acquiring an additional 3,565 shares during the last quarter. UBS Group AG increased its stake in CBTX by 836.6% in the 1st quarter. UBS Group AG now owns 4,786 shares of the company’s stock worth $141,000 after acquiring an additional 4,275 shares during the last quarter. TIAA CREF Investment Management LLC bought a new position in CBTX in the 4th quarter worth about $134,000. Deutsche Bank AG bought a new position in CBTX in the 4th quarter worth about $184,000. Finally, California Public Employees Retirement System bought a new position in CBTX in the 2nd quarter worth about $228,000. Institutional investors and hedge funds own 23.77% 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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