CBTX Inc (NASDAQ:CBTX) Director Joe Sr Penland, Sr. purchased 13,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $18.11 per share, with a total value of $235,430.00.
NASDAQ CBTX traded down $0.28 on Friday, reaching $18.11. 27,379 shares of the company’s stock traded hands, compared to its average volume of 69,768. The stock has a market cap of $461.56 million, a PE ratio of 9.58 and a beta of 1.23. CBTX Inc has a 12 month low of $12.50 and a 12 month high of $31.73. The stock has a 50-day simple moving average of $17.23 and a 200 day simple moving average of $25.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05.
CBTX (NASDAQ:CBTX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The business had revenue of $36.55 million during the quarter, compared to analysts’ expectations of $37.15 million. CBTX had a net margin of 27.64% and a return on equity of 9.01%. As a group, analysts anticipate that CBTX Inc will post 1.16 EPS for the current year.
A number of equities research analysts recently weighed in on CBTX shares. Stephens raised shares of CBTX from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 12th. BidaskClub cut shares of CBTX from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Zacks Investment Research downgraded shares of CBTX from a “hold” rating to a “sell” rating in a report on Monday, April 27th. TheStreet cut CBTX from a “b” rating to a “d” rating in a research note on Monday, March 23rd. Finally, ValuEngine lowered CBTX from a “hold” rating to a “sell” rating in a research note on Tuesday, April 14th. Three research analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $33.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can bought a new position in shares of CBTX during the fourth quarter valued at about $45,000. Bank of Montreal Can boosted its holdings in CBTX by 42.3% during the 4th quarter. Bank of Montreal Can now owns 2,247 shares of the company’s stock valued at $70,000 after acquiring an additional 668 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in CBTX during the 1st quarter worth approximately $42,000. Citigroup Inc. grew its position in CBTX by 47.5% during the 4th quarter. Citigroup Inc. now owns 3,766 shares of the company’s stock worth $117,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in CBTX by 71.6% in the fourth quarter. Victory Capital Management Inc. now owns 5,544 shares of the company’s stock valued at $173,000 after purchasing an additional 2,314 shares during the last quarter. Institutional investors and hedge funds own 30.33% 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 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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