CBTX (CBTX) Rating Reiterated by Stephens

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CBTX (NASDAQ:CBTX)‘s stock had its “buy” rating reissued by investment analysts at Stephens in a research report issued on Monday. They presently have a $37.00 price target on the stock. Stephens’ target price would suggest a potential upside of 12.36% from the company’s current price.

A number of other research analysts have also recently commented on CBTX. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price target on shares of CBTX in a research report on Friday, July 27th. Zacks Investment Research cut shares of CBTX from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th.

Shares of NASDAQ CBTX opened at $32.93 on Monday. CBTX has a one year low of $27.00 and a one year high of $38.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a market cap of $836.51 million and a price-to-earnings ratio of 23.78.

CBTX (NASDAQ:CBTX) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. CBTX had a net margin of 24.61% and a return on equity of 8.62%. The business had revenue of $35.05 million for the quarter. As a group, sell-side analysts predict that CBTX will post 1.75 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of CBTX by 59,416.7% in the first quarter. Royal Bank of Canada now owns 3,571 shares of the company’s stock worth $105,000 after purchasing an additional 3,565 shares during the last quarter. UBS Group AG grew its holdings in shares of CBTX by 836.6% in the first quarter. UBS Group AG now owns 4,786 shares of the company’s stock worth $141,000 after purchasing an additional 4,275 shares during the last quarter. California Public Employees Retirement System bought a new position in shares of CBTX in the second quarter worth approximately $228,000. Stephens Inc. AR bought a new position in shares of CBTX in the second quarter worth approximately $471,000. Finally, Spark Investment Management LLC grew its holdings in shares of CBTX by 90.8% in the second quarter. Spark Investment Management LLC now owns 14,600 shares of the company’s stock worth $482,000 after purchasing an additional 6,949 shares during the last quarter. Hedge funds and other institutional investors own 23.43% of the company’s stock.

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'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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