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.
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.
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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