CBTX (NASDAQ:CBTX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “CBTX, Inc. is a bank holding company. It provides personal and commercial banking, real estate loans, and investment services as well as offers deposits, debit and credit cards, cash management, treasury, and online banking services. CBTX, Inc. is based in TX, United States. “

Other equities analysts have also issued research reports about the company. Stephens reiterated a “buy” rating and set a $33.00 price objective on shares of CBTX in a research note on Friday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price objective on shares of CBTX in a research note on Friday, July 27th.

Shares of NASDAQ CBTX traded down $0.37 during trading on Friday, reaching $37.33. 58,950 shares of the company traded hands, compared to its average volume of 89,866. The firm has a market capitalization of $987.62 million and a P/E ratio of 26.86. CBTX has a 12-month low of $27.00 and a 12-month high of $38.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

CBTX (NASDAQ:CBTX) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $34.38 million during the quarter. CBTX had a return on equity of 8.29% and a net margin of 23.26%. analysts forecast that CBTX will post 1.62 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of CBTX by 664.3% during the 2nd quarter. BlackRock Inc. now owns 971,150 shares of the company’s stock valued at $32,097,000 after buying an additional 844,081 shares during the last quarter. RMB Capital Management LLC increased its stake in shares of CBTX by 77.2% in the 1st quarter. RMB Capital Management LLC now owns 496,919 shares of the company’s stock valued at $14,629,000 after purchasing an additional 216,435 shares in the last quarter. Millennium Management LLC increased its stake in shares of CBTX by 27.1% in the 2nd quarter. Millennium Management LLC now owns 422,338 shares of the company’s stock valued at $13,958,000 after purchasing an additional 90,048 shares in the last quarter. Highbridge Capital Management LLC increased its stake in shares of CBTX by 6.5% in the 1st quarter. Highbridge Capital Management LLC now owns 205,979 shares of the company’s stock valued at $6,064,000 after purchasing an additional 12,645 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its stake in shares of CBTX by 22.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 159,526 shares of the company’s stock valued at $5,272,000 after purchasing an additional 29,625 shares in the last quarter. Institutional investors and hedge funds own 16.69% of the company’s stock.

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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