Shares of CBTX Inc (NASDAQ:CBTX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. CBTX’s rating score has improved by 57.1% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price target of $37.00 for the company, according to Zacks. Zacks has also given CBTX an industry rank of 64 out of 255 based on the ratings given to related companies.
Several equities analysts have recently issued reports on CBTX shares. Stephens reaffirmed a “buy” rating and issued a $37.00 price target on shares of CBTX in a research report on Wednesday, December 19th. Zacks Investment Research raised CBTX from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, January 31st. Finally, ValuEngine raised CBTX from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.
In related news, Director Joe Sr Penland, Sr. purchased 30,670 shares of the stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average price of $34.99 per share, with a total value of $1,073,143.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.10% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. California Public Employees Retirement System purchased a new position in CBTX in the 2nd quarter worth about $228,000. MetLife Investment Advisors LLC purchased a new position in CBTX in the 3rd quarter worth about $493,000. Engineers Gate Manager LP purchased a new position in CBTX in the 3rd quarter worth about $501,000. Acadian Asset Management LLC purchased a new position in CBTX in the 3rd quarter worth about $509,000. Finally, Jane Street Group LLC purchased a new position in CBTX in the 3rd quarter worth about $516,000. 28.86% of the stock is owned by institutional investors and hedge funds.
CBTX stock traded up $0.42 on Monday, hitting $32.57. 24,000 shares of the stock traded hands, compared to its average volume of 39,750. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $834.66 million, a P/E ratio of 17.23 and a beta of 1.03. CBTX has a 1 year low of $27.00 and a 1 year high of $38.71.
CBTX (NASDAQ:CBTX) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $37.08 million during the quarter. CBTX had a return on equity of 10.25% and a net margin of 31.52%. Analysts predict that CBTX will post 1.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Monday, December 31st. CBTX’s dividend payout ratio is presently 10.58%.
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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