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.
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.
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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