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 reissued a “hold” rating and set a $31.00 target price on shares of CBTX in a report on Tuesday, July 30th.
CBTX (NASDAQ:CBTX) last posted its earnings results on Thursday, July 25th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $41.60 million for the quarter. CBTX had a return on equity of 10.54% and a net margin of 31.41%. As a group, analysts anticipate that CBTX will post 1.84 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in CBTX by 24.8% in the 4th quarter. Legal & General Group Plc now owns 3,465 shares of the company’s stock valued at $102,000 after buying an additional 688 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in CBTX by 17.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,109 shares of the company’s stock valued at $145,000 after buying an additional 766 shares in the last quarter. Acadian Asset Management LLC grew its holdings in CBTX by 2.0% in the 2nd quarter. Acadian Asset Management LLC now owns 55,973 shares of the company’s stock valued at $1,576,000 after buying an additional 1,083 shares in the last quarter. Bank of Montreal Can acquired a new position in CBTX in the 2nd quarter valued at $44,000. Finally, Bank of America Corp DE grew its holdings in CBTX by 7.9% in the 2nd quarter. Bank of America Corp DE now owns 36,427 shares of the company’s stock valued at $1,025,000 after buying an additional 2,681 shares in the last quarter. 28.23% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CBTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBTX and related companies with MarketBeat.com's FREE daily email newsletter.