Zacks: CBTX Inc (CBTX) Given $40.00 Average Price Target by Brokerages

Shares of CBTX Inc (NASDAQ:CBTX) have earned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus target price of $40.00 for the company, according to Zacks. Zacks has also assigned CBTX an industry rank of 186 out of 257 based on the ratings given to related companies.

A number of research analysts recently commented on CBTX shares. Stephens reiterated a “buy” rating and issued a $33.00 price objective on shares of CBTX in a report on Friday, July 27th. Zacks Investment Research cut CBTX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 price target on shares of CBTX in a research note on Friday, July 27th.

A number of large investors have recently added to or reduced their stakes in CBTX. Royal Bank of Canada lifted its stake in CBTX by 59,416.7% during the first quarter. Royal Bank of Canada now owns 3,571 shares of the company’s stock worth $105,000 after purchasing an additional 3,565 shares in the last quarter. UBS Group AG lifted its stake in CBTX by 836.6% during the first quarter. UBS Group AG now owns 4,786 shares of the company’s stock worth $141,000 after purchasing an additional 4,275 shares in the last quarter. California Public Employees Retirement System acquired a new position in CBTX during the second quarter worth $228,000. Stephens Inc. AR acquired a new position in CBTX during the second quarter worth $471,000. Finally, Spark Investment Management LLC lifted its stake in CBTX by 90.8% during the second quarter. Spark Investment Management LLC now owns 14,600 shares of the company’s stock worth $482,000 after purchasing an additional 6,949 shares in the last quarter. Institutional investors own 23.44% of the company’s stock.

CBTX traded up $0.68 during trading hours on Friday, reaching $34.26. The company’s stock had a trading volume of 33,723 shares, compared to its average volume of 90,337. CBTX has a fifty-two week low of $27.00 and a fifty-two week high of $38.71. The stock has a market capitalization of $868.41 million and a PE ratio of 24.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.01 and a current ratio of 1.01.

CBTX (NASDAQ:CBTX) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. CBTX had a return on equity of 8.53% and a net margin of 24.61%. The firm had revenue of $35.05 million for the quarter. As a group, equities research analysts forecast that CBTX will post 1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, September 28th. CBTX’s dividend payout ratio (DPR) is 14.39%.

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'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.

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