CBTX (NASDAQ:CBTX) Hits New 52-Week High at $29.06

CBTX, Inc. (NASDAQ:CBTX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.06 and last traded at $28.94, with a volume of 1125 shares. The stock had previously closed at $28.51.

CBTX has been the topic of a number of research analyst reports. TheStreet upgraded shares of CBTX from a “c” rating to a “b-” rating in a research report on Monday, November 9th. Stephens downgraded shares of CBTX from an “overweight” rating to an “equal weight” rating and set a $29.00 price objective on the stock. in a research report on Friday, January 29th. Zacks Investment Research upgraded shares of CBTX from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research report on Monday, January 4th. Finally, Keefe, Bruyette & Woods downgraded shares of CBTX from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Friday, January 29th.

The firm has a market capitalization of $719.01 million, a PE ratio of 24.79 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $27.39 and its 200 day simple moving average is $21.64.

CBTX (NASDAQ:CBTX) last announced its earnings results on Tuesday, January 26th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.14. CBTX had a net margin of 18.21% and a return on equity of 5.35%. On average, analysts predict that CBTX, Inc. will post 0.92 EPS for the current year.

A number of hedge funds have recently made changes to their positions in CBTX. Dupont Capital Management Corp increased its holdings in CBTX by 24.4% during the third quarter. Dupont Capital Management Corp now owns 19,036 shares of the company’s stock valued at $311,000 after buying an additional 3,736 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in CBTX by 510.3% during the third quarter. BNP Paribas Arbitrage SA now owns 4,101 shares of the company’s stock valued at $67,000 after buying an additional 3,429 shares during the last quarter. California Public Employees Retirement System increased its holdings in CBTX by 2.8% during the third quarter. California Public Employees Retirement System now owns 40,240 shares of the company’s stock valued at $658,000 after buying an additional 1,100 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of CBTX in the third quarter worth $339,000. Finally, Stieven Capital Advisors L.P. purchased a new stake in shares of CBTX in the third quarter worth $796,000. 33.53% of the stock is owned by institutional investors and hedge funds.

CBTX Company Profile (NASDAQ:CBTX)

CBTX, Inc operates as the bank holding company for CommunityBank of Texas, National Association that provides commercial banking products and services to small and mid-sized businesses, and professionals in the United States. It offers various deposit products, including demand, savings, money market, and time deposits; 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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