CBTX Inc (NASDAQ:CBTX) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 300,400 shares, a decline of 17.5% from the June 15th total of 364,100 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is currently 7.7 days. Approximately 1.7% of the company’s stock are short sold.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in CBTX by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 224,766 shares of the company’s stock worth $6,608,000 after purchasing an additional 6,661 shares during the last quarter. California Public Employees Retirement System grew its position in CBTX by 13.2% in the 4th quarter. California Public Employees Retirement System now owns 7,803 shares of the company’s stock worth $229,000 after purchasing an additional 908 shares during the last quarter. Northern Trust Corp lifted its stake in shares of CBTX by 6.5% in the 4th quarter. Northern Trust Corp now owns 222,727 shares of the company’s stock worth $6,548,000 after acquiring an additional 13,547 shares during the period. Callahan Advisors LLC lifted its stake in shares of CBTX by 55.1% in the 1st quarter. Callahan Advisors LLC now owns 70,862 shares of the company’s stock worth $2,301,000 after acquiring an additional 25,162 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of CBTX by 30.3% in the 4th quarter. Bank of New York Mellon Corp now owns 88,598 shares of the company’s stock worth $2,605,000 after acquiring an additional 20,616 shares during the period. Hedge funds and other institutional investors own 28.79% of the company’s stock.

Several research firms have recently weighed in on CBTX. Stephens reissued a “hold” rating and issued a $35.00 target price on shares of CBTX in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th.

Shares of NASDAQ:CBTX traded up $1.47 during trading on Friday, reaching $30.79. 83,344 shares of the company’s stock traded hands, compared to its average volume of 34,704. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 1.02. CBTX has a 12 month low of $26.11 and a 12 month high of $38.71. The company’s 50 day moving average is $28.40. The stock has a market cap of $800.51 million, a PE ratio of 16.29 and a beta of 1.03.

CBTX (NASDAQ:CBTX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. CBTX had a net margin of 31.41% and a return on equity of 10.69%. The business had revenue of $41.60 million during the quarter. On average, research analysts anticipate that CBTX will post 1.84 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, June 28th. CBTX’s dividend payout ratio (DPR) is 21.16%.

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 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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