CBTX Inc (NASDAQ:CBTX) has earned an average broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. CBTX’s rating score has improved by 22.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price target of $22.00 for the company and are predicting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CBTX an industry rank of 230 out of 254 based on the ratings given to related companies.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of CBTX from a “hold” rating to a “sell” rating in a research report on Monday, April 27th. BidaskClub upgraded shares of CBTX from a “sell” rating to a “hold” rating in a research report on Friday, May 29th. TheStreet cut shares of CBTX from a “b” rating to a “d” rating in a research report on Monday, March 23rd. ValuEngine cut shares of CBTX from a “hold” rating to a “sell” rating in a research report on Tuesday, April 14th. Finally, Stephens upgraded shares of CBTX from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 12th.

In other news, Director Joe Sr Penland, Sr. purchased 13,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $18.11 per share, with a total value of $235,430.00. Also, Director Joe Sr Penland, Sr. purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $20.48 per share, for a total transaction of $204,800.00. In the last three months, insiders acquired 38,000 shares of company stock worth $698,680. Insiders own 30.07% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CBTX. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of CBTX during the 1st quarter valued at about $42,000. Great West Life Assurance Co. Can bought a new stake in shares of CBTX during the 4th quarter valued at about $45,000. Bank of Montreal Can boosted its stake in shares of CBTX by 42.3% during the 4th quarter. Bank of Montreal Can now owns 2,247 shares of the company’s stock valued at $70,000 after purchasing an additional 668 shares in the last quarter. Citigroup Inc. boosted its stake in shares of CBTX by 46.9% during the 1st quarter. Citigroup Inc. now owns 5,532 shares of the company’s stock valued at $98,000 after purchasing an additional 1,766 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of CBTX by 162.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,638 shares of the company’s stock valued at $100,000 after purchasing an additional 3,487 shares in the last quarter. 29.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBTX stock traded up $0.81 on Thursday, hitting $20.34. 241,188 shares of the company traded hands, compared to its average volume of 65,247. The firm’s 50-day simple moving average is $19.02 and its 200 day simple moving average is $23.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.12. The company has a market cap of $507.46 million, a P/E ratio of 10.76 and a beta of 1.27. CBTX has a 12-month low of $12.50 and a 12-month high of $31.73.

CBTX (NASDAQ:CBTX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The company had revenue of $36.55 million for the quarter, compared to analysts’ expectations of $37.15 million. CBTX had a net margin of 27.64% and a return on equity of 9.01%. Analysts predict that CBTX will post 1.14 earnings per share for the current year.

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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