Panagora Asset Management Inc. increased its position in CBTX Inc (NASDAQ:CBTX) by 60.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,328 shares of the company’s stock after purchasing an additional 15,262 shares during the quarter. Panagora Asset Management Inc.’s holdings in CBTX were worth $1,433,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System bought a new stake in shares of CBTX in the 2nd quarter valued at about $228,000. Engineers Gate Manager LP bought a new stake in shares of CBTX in the 3rd quarter valued at about $501,000. Stephens Inc. AR bought a new stake in shares of CBTX in the 2nd quarter valued at about $471,000. Acadian Asset Management LLC bought a new stake in shares of CBTX in the 3rd quarter valued at about $509,000. Finally, Spark Investment Management LLC raised its holdings in shares of CBTX by 90.8% in the 2nd quarter. Spark Investment Management LLC now owns 14,600 shares of the company’s stock valued at $482,000 after purchasing an additional 6,949 shares during the period. 28.85% of the stock is currently owned by institutional investors.
In related news, Director Joe Sr Penland, Sr. purchased 30,670 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average price of $34.99 per share, for a total transaction of $1,073,143.30. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 29.10% of the stock is currently owned by corporate insiders.
Shares of CBTX opened at $31.78 on Friday. CBTX Inc has a 52 week low of $27.00 and a 52 week high of $38.71. The stock has a market capitalization of $825.07 million and a P/E ratio of 20.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.01.
CBTX (NASDAQ:CBTX) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. CBTX had a net margin of 24.61% and a return on equity of 8.53%. The business had revenue of $35.05 million for the quarter. Equities analysts expect that CBTX Inc will post 1.81 earnings per share for the current year.
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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'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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