CBTX Inc (CBTX) Given Consensus Rating of “Hold” by Brokerages

Share on StockTwits

Shares of CBTX Inc (NASDAQ:CBTX) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. CBTX’s rating score has declined by 200% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price target of $35.00 for the company, according to Zacks. Zacks has also given CBTX an industry rank of 160 out of 256 based on the ratings given to its competitors.

A number of brokerages recently weighed in on CBTX. Zacks Investment Research raised shares of CBTX from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Stephens reaffirmed a “hold” rating and set a $35.00 price target on shares of CBTX in a research report on Wednesday, May 1st.

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings 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 buying an additional 6,661 shares in the last quarter. Jane Street Group LLC acquired a new position in CBTX in the 3rd quarter worth $516,000. BlackRock Inc. lifted its holdings in CBTX by 11.2% in the 3rd quarter. BlackRock Inc. now owns 1,079,975 shares of the company’s stock worth $38,382,000 after buying an additional 108,825 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in CBTX by 6.6% in the 4th quarter. GSA Capital Partners LLP now owns 18,059 shares of the company’s stock worth $531,000 after buying an additional 1,111 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in CBTX by 219.1% in the 4th quarter. Acadian Asset Management LLC now owns 45,724 shares of the company’s stock worth $1,344,000 after buying an additional 31,393 shares in the last quarter. Hedge funds and other institutional investors own 29.34% of the company’s stock.

CBTX stock traded down $0.11 during trading on Thursday, reaching $28.09. 44,128 shares of the company’s stock were exchanged, compared to its average volume of 35,855. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03. CBTX has a 52-week low of $26.11 and a 52-week high of $38.71. The stock has a market cap of $712.38 million, a price-to-earnings ratio of 14.86 and a beta of 0.93.

CBTX (NASDAQ:CBTX) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). CBTX had a return on equity of 10.14% and a net margin of 31.19%. The business had revenue of $36.82 million for the quarter. Analysts forecast that CBTX will post 1.96 earnings per share for the current year.

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.

See Also: Are analyst ratings accurate?

Get a free copy of the Zacks research report on CBTX (CBTX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CBTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBTX and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

State of Wisconsin Investment Board Raises Stake in Anixter International Inc.
State of Wisconsin Investment Board Raises Stake in Anixter International Inc.
Psychemedics Corp.  VP Sells $90,883.94 in Stock
Psychemedics Corp. VP Sells $90,883.94 in Stock
NIO  Shares Gap Down to $2.52
NIO Shares Gap Down to $2.52
Douglas Britt Sells 10,313 Shares of Flex Ltd  Stock
Douglas Britt Sells 10,313 Shares of Flex Ltd Stock
Anthony G. Quinn Purchases 12,217 Shares of Aeglea Bio Therapeutics Inc  Stock
Anthony G. Quinn Purchases 12,217 Shares of Aeglea Bio Therapeutics Inc Stock
Citadel  Price Tops $0.0014
Citadel Price Tops $0.0014


© 2006-2019 Ticker Report