Zacks Investment Research upgraded shares of CBTX (NASDAQ:CBTX) from a sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

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. “

Separately, Stephens lowered shares of CBTX from an overweight rating to an equal weight rating in a report on Wednesday, March 6th.

NASDAQ:CBTX opened at $28.36 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $740.20 million, a price-to-earnings ratio of 14.68 and a beta of 0.93. CBTX has a 1-year low of $26.11 and a 1-year high of $38.71.

CBTX (NASDAQ:CBTX) last posted its earnings results on Tuesday, April 30th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The firm had revenue of $36.82 million during the quarter. CBTX had a net margin of 31.19% and a return on equity of 10.14%. Equities analysts expect that CBTX will post 1.96 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in CBTX by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 224,766 shares of the company’s stock valued at $6,608,000 after purchasing an additional 6,661 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of CBTX by 6.6% in the 4th quarter. GSA Capital Partners LLP now owns 18,059 shares of the company’s stock worth $531,000 after acquiring an additional 1,111 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of CBTX by 219.1% in the 4th quarter. Acadian Asset Management LLC now owns 45,724 shares of the company’s stock worth $1,344,000 after acquiring an additional 31,393 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CBTX by 17.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,982 shares of the company’s stock worth $2,416,000 after acquiring an additional 10,256 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of CBTX by 6.0% in the 3rd quarter. Teachers Advisors LLC now owns 37,185 shares of the company’s stock worth $1,322,000 after acquiring an additional 2,112 shares during the last quarter. Institutional investors own 29.13% of the company’s stock.

CBTX Company Profile

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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