CBTX (NASDAQ:CBTX)‘s stock had its “hold” rating reaffirmed by investment analysts at Stephens in a research report issued to clients and investors on Tuesday, AnalystRatings.com reports. They currently have a $31.00 price target on the stock. Stephens’ price target would suggest a potential upside of 1.67% from the stock’s previous close.

The analysts wrote, “We’re pleased to see CBTX announce a share repurchase authorization of $40 million that could potentially return a portion of the Bank’s excess capital to shareholders (current TCE of 13.0%). Our lowered EPS forecast assumes operating expenses remain elevated due to the ongoing FinCEN investigation through mid-2020, although we have very limited visibility on this timeline. Our $31 price target represents a 16x multiple on our 2020 EPS forecast of $1.91.””

Separately, Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th.

Shares of CBTX stock traded up $0.25 on Tuesday, hitting $30.49. 3,673 shares of the company’s stock traded hands, compared to its average volume of 31,063. The firm has a 50-day moving average price of $28.62. The company has a market cap of $800.52 million, a PE ratio of 16.13 and a beta of 1.03. CBTX has a one year low of $26.11 and a one year high of $38.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.20.

CBTX (NASDAQ:CBTX) last issued its earnings results on Thursday, July 25th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.47 by $0.10. The company had revenue of $41.60 million during the quarter. CBTX had a net margin of 31.41% and a return on equity of 10.54%. Research analysts expect that CBTX will post 1.84 earnings per share for the current year.

Several institutional investors have recently modified their holdings of CBTX. California Public Employees Retirement System increased its position in CBTX by 13.2% during the fourth quarter. California Public Employees Retirement System now owns 7,803 shares of the company’s stock worth $229,000 after buying an additional 908 shares during the period. BlackRock Inc. increased its position in CBTX by 5.5% during the fourth quarter. BlackRock Inc. now owns 1,139,230 shares of the company’s stock worth $33,494,000 after buying an additional 59,255 shares during the period. Bank of New York Mellon Corp increased its position in CBTX by 30.3% during the fourth quarter. Bank of New York Mellon Corp now owns 88,598 shares of the company’s stock worth $2,605,000 after buying an additional 20,616 shares during the period. Northern Trust Corp increased its position in CBTX by 6.5% during the fourth quarter. Northern Trust Corp now owns 222,727 shares of the company’s stock worth $6,548,000 after buying an additional 13,547 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new position in CBTX during the fourth quarter worth approximately $47,000. Institutional investors own 28.79% of the company’s stock.

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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