CBTX (NASDAQ:CBTX)‘s stock had its “buy” rating reissued by investment analysts at Stephens in a note issued to investors on Friday, July 27th. They presently have a $33.00 price target on the stock. Stephens’ target price would indicate a potential downside of 13.25% from the company’s current price.

Separately, Zacks Investment Research lowered shares of CBTX from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th.

Shares of CBTX traded down $0.01, hitting $38.04, during midday trading on Friday, according to MarketBeat Ratings. 23,212 shares of the company’s stock traded hands, compared to its average volume of 77,343. CBTX has a 1 year low of $27.00 and a 1 year high of $38.71. The firm has a market capitalization of $987.88 million and a P/E ratio of 25.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

CBTX (NASDAQ:CBTX) last released its quarterly earnings results on Thursday, July 26th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. CBTX had a net margin of 23.26% and a return on equity of 8.29%. The firm had revenue of $34.38 million during the quarter. equities research analysts anticipate that CBTX will post 1.62 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of CBTX by 59,416.7% during the 1st quarter. Royal Bank of Canada now owns 3,571 shares of the company’s stock valued at $105,000 after purchasing an additional 3,565 shares during the last quarter. California State Teachers Retirement System purchased a new stake in CBTX in the 4th quarter worth approximately $130,000. TIAA CREF Investment Management LLC purchased a new stake in CBTX in the 4th quarter worth approximately $134,000. UBS Group AG increased its holdings 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 in the last quarter. Finally, Deutsche Bank AG purchased a new stake in CBTX in the 4th quarter worth approximately $184,000. 16.15% of the stock is owned by hedge funds and other institutional investors.

About CBTX

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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