CBTX (NASDAQ:CBTX) posted its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12), MarketWatch Earnings reports. CBTX had a return on equity of 9.01% and a net margin of 27.64%.

CBTX traded down $0.79 on Thursday, reaching $16.58. The company’s stock had a trading volume of 2,042 shares, compared to its average volume of 61,587. The stock has a market cap of $413.92 million, a price-to-earnings ratio of 8.80 and a beta of 1.27. CBTX has a 1 year low of $12.50 and a 1 year high of $31.73. 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 business’s 50 day moving average is $18.98 and its 200 day moving average is $21.51.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.41%. CBTX’s dividend payout ratio (DPR) is currently 19.80%.

A number of equities analysts have commented on CBTX shares. Stephens upgraded shares of CBTX from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 12th. ValuEngine upgraded CBTX from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. BidaskClub lowered CBTX from a “hold” rating to a “sell” rating in a research report on Saturday, July 11th. Finally, Zacks Investment Research downgraded CBTX from a “hold” rating to a “sell” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.00.

In related news, Director Joe Sr Penland, Sr. acquired 13,000 shares of CBTX stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $18.11 per share, with a total value of $235,430.00. Also, Director Joe Sr Penland, Sr. acquired 10,000 shares of CBTX stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $20.48 per share, with a total value of $204,800.00. In the last ninety days, insiders have acquired 38,000 shares of company stock worth $698,680. 30.07% of the stock is currently owned by company insiders.

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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Earnings History for CBTX (NASDAQ:CBTX)

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