CBTX (CBTX) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of CBTX (NASDAQ:CBTX) from a hold rating to a sell rating in a report released on Tuesday morning.

According to Zacks, “CBTX, Inc. is a bank holding company. It provides personal and commercial banking, real estate loans, and investment services as well as offers deposits, debit and credit cards, cash management, treasury, and online banking services. CBTX, Inc. is based in TX, United States. “

Several other equities analysts have also recently weighed in on CBTX. Stephens reaffirmed a buy rating and issued a $37.00 price target on shares of CBTX in a research report on Wednesday, December 19th. ValuEngine cut shares of CBTX from a hold rating to a sell rating in a research report on Wednesday, December 5th.

Shares of CBTX stock traded up $0.04 on Tuesday, reaching $30.76. 25,888 shares of the company were exchanged, compared to its average volume of 38,600. The stock has a market capitalization of $807.41 million, a PE ratio of 22.13 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.01 and a quick ratio of 1.01. CBTX has a one year low of $27.00 and a one year high of $38.71.

CBTX (NASDAQ:CBTX) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. The company had revenue of $35.05 million for the quarter. CBTX had a net margin of 24.61% and a return on equity of 8.53%. On average, analysts anticipate that CBTX will post 1.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a $0.05 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.20 annualized dividend and a yield of 0.65%. CBTX’s payout ratio is 14.39%.

In other CBTX news, Director Joe Sr Penland, Sr. purchased 30,670 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average price of $34.99 per share, with a total value of $1,073,143.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 29.10% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc increased its stake in CBTX by 84.0% in the 3rd quarter. Vanguard Group Inc now owns 630,472 shares of the company’s stock valued at $22,407,000 after buying an additional 287,888 shares during the last quarter. Vanguard Group Inc. increased its stake in CBTX by 84.0% in the 3rd quarter. Vanguard Group Inc. now owns 630,472 shares of the company’s stock valued at $22,407,000 after buying an additional 287,888 shares during the last quarter. Morgan Stanley increased its stake in CBTX by 5.2% in the 3rd quarter. Morgan Stanley now owns 42,560 shares of the company’s stock valued at $1,513,000 after buying an additional 2,095 shares during the last quarter. Teachers Advisors LLC increased its stake in CBTX by 6.0% in the 3rd quarter. Teachers Advisors LLC now owns 37,185 shares of the company’s stock valued at $1,322,000 after buying an additional 2,112 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in CBTX in the 3rd quarter valued at about $493,000. Hedge funds and other institutional investors own 28.84% 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.

Further Reading: What is a Leveraged Buyout (LBO)?

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