Shares of CBTX Inc (NASDAQ:CBTX) have been given an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus price target of $40.00 for the company, according to Zacks. Zacks has also given CBTX an industry rank of 173 out of 257 based on the ratings given to its competitors.
A number of research firms have commented on CBTX. Zacks Investment Research upgraded shares of CBTX from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 target price on shares of CBTX in a research note on Friday, July 27th. Finally, Stephens restated a “buy” rating and set a $33.00 target price on shares of CBTX in a research note on Friday, July 27th.
CBTX (NASDAQ:CBTX) last released its earnings results on Thursday, October 25th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. CBTX had a net margin of 24.61% and a return on equity of 8.53%. The company had revenue of $35.05 million for the quarter. Sell-side analysts forecast that CBTX will post 1.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, September 28th. CBTX’s payout ratio is currently 14.39%.
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of CBTX by 59,416.7% during the first quarter. Royal Bank of Canada now owns 3,571 shares of the company’s stock valued at $105,000 after buying an additional 3,565 shares during the last quarter. UBS Group AG raised its position in shares of CBTX by 836.6% during the first quarter. UBS Group AG now owns 4,786 shares of the company’s stock valued at $141,000 after buying an additional 4,275 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of CBTX during the second quarter valued at approximately $228,000. Engineers Gate Manager LP bought a new stake in shares of CBTX during the third quarter valued at approximately $501,000. Finally, Stephens Inc. AR bought a new stake in shares of CBTX during the second quarter valued at approximately $471,000. Hedge funds and other institutional investors own 23.44% of the company’s stock.
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.
Further Reading: Earnings Per Share
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