CBTX (NASDAQ:CBTX) Lowered to D at TheStreet

TheStreet lowered shares of CBTX (NASDAQ:CBTX) from a b rating to a d rating in a research report released on Monday morning, TheStreetRatingsTable reports.

Other analysts have also recently issued reports about the company. BidaskClub raised CBTX from a strong sell rating to a sell rating in a research report on Wednesday, March 18th. Zacks Investment Research cut CBTX from a hold rating to a sell rating in a research report on Wednesday, March 11th.

Shares of CBTX traded up $1.03 during mid-day trading on Monday, reaching $17.50. The company’s stock had a trading volume of 116,528 shares, compared to its average volume of 68,733. CBTX has a 12-month low of $12.50 and a 12-month high of $33.26. The stock has a market cap of $427.06 million, a PE ratio of 8.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50 day moving average is $24.18 and its 200 day moving average is $28.22.

CBTX (NASDAQ:CBTX) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. CBTX had a return on equity of 9.75% and a net margin of 29.37%. The business had revenue of $37.50 million for the quarter. As a group, sell-side analysts anticipate that CBTX will post 1.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. CBTX’s dividend payout ratio (DPR) is presently 19.80%.

Institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can acquired a new stake in CBTX during the 4th quarter worth approximately $45,000. Bank of Montreal Can lifted its position in CBTX by 42.3% during the 4th quarter. Bank of Montreal Can now owns 2,247 shares of the company’s stock worth $70,000 after acquiring an additional 668 shares during the period. Citigroup Inc. lifted 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 period. Victory Capital Management Inc. lifted its position in CBTX by 71.6% during the 4th quarter. Victory Capital Management Inc. now owns 5,544 shares of the company’s stock worth $173,000 after acquiring an additional 2,314 shares during the period. Finally, Raymond James & Associates acquired a new stake in CBTX during the 4th quarter worth approximately $216,000. 30.40% of the stock is owned by institutional investors.

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 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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