CBTX Inc (NASDAQ:CBTX) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price objective of $31.00 for the company, according to Zacks. Zacks has also given CBTX an industry rank of 145 out of 256 based on the ratings given to its competitors.

A number of research analysts have recently weighed in on CBTX shares. Stephens restated a “hold” rating and set a $31.00 price objective on shares of CBTX in a research report on Tuesday, July 30th. Zacks Investment Research cut CBTX from a “hold” rating to a “sell” rating in a report on Friday, August 16th.

Shares of NASDAQ:CBTX traded up $0.71 during midday trading on Friday, reaching $28.17. 33,078 shares of the company were exchanged, compared to its average volume of 36,606. The stock has a market cap of $707.88 million, a PE ratio of 14.90 and a beta of 1.09. The business’s fifty day moving average is $28.29 and its two-hundred day moving average is $29.73. CBTX has a one year low of $25.92 and a one year high of $38.44. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20.

CBTX (NASDAQ:CBTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The company had revenue of $41.60 million for the quarter. CBTX had a net margin of 31.41% and a return on equity of 10.54%. As a group, sell-side analysts expect that CBTX will post 1.8 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. raised its position in shares of CBTX by 17.8% during the 2nd quarter. Wasatch Advisors Inc. now owns 268,380 shares of the company’s stock valued at $7,552,000 after buying an additional 40,608 shares in the last quarter. AlphaOne Investment Services LLC increased its position in CBTX by 48.5% during the second quarter. AlphaOne Investment Services LLC now owns 23,046 shares of the company’s stock valued at $649,000 after acquiring an additional 7,526 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of CBTX by 2.0% in the second quarter. Acadian Asset Management LLC now owns 55,973 shares of the company’s stock valued at $1,576,000 after acquiring an additional 1,083 shares during the period. Bank of America Corp DE raised its stake in shares of CBTX by 18.8% in the fourth quarter. Bank of America Corp DE now owns 33,482 shares of the company’s stock valued at $984,000 after acquiring an additional 5,288 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of CBTX by 371,300.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,714 shares of the company’s stock worth $121,000 after acquiring an additional 3,713 shares during the last quarter. 28.12% of the stock is currently owned by institutional investors and hedge funds.

CBTX Company Profile

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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