Mendon Capital Advisors Corp Trims Stock Position in CBTX Inc (NASDAQ:CBTX)

Mendon Capital Advisors Corp lowered its position in shares of CBTX Inc (NASDAQ:CBTX) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,984 shares of the company’s stock after selling 1,754 shares during the period. Mendon Capital Advisors Corp owned 0.67% of CBTX worth $4,895,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Wasatch Advisors Inc. grew its stake in CBTX by 17.8% during the second quarter. Wasatch Advisors Inc. now owns 268,380 shares of the company’s stock valued at $7,552,000 after acquiring an additional 40,608 shares in the last quarter. Northern Trust Corp grew its stake in CBTX by 2.7% during the second quarter. Northern Trust Corp now owns 222,274 shares of the company’s stock valued at $6,255,000 after acquiring an additional 5,779 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CBTX by 5.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 108,220 shares of the company’s stock valued at $3,046,000 after acquiring an additional 5,717 shares in the last quarter. Acadian Asset Management LLC grew its stake in CBTX by 2.0% during the second quarter. Acadian Asset Management LLC now owns 55,973 shares of the company’s stock valued at $1,576,000 after acquiring an additional 1,083 shares in the last quarter. Finally, AlphaOne Investment Services LLC grew its stake in CBTX by 48.5% during the second quarter. AlphaOne Investment Services LLC now owns 23,046 shares of the company’s stock valued at $649,000 after acquiring an additional 7,526 shares in the last quarter. 28.12% of the stock is owned by institutional investors.

Several equities analysts recently commented on CBTX shares. Zacks Investment Research cut shares of CBTX from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. Stephens reaffirmed a “hold” rating and set a $31.00 price objective on shares of CBTX in a research note on Tuesday, July 30th.



CBTX stock traded up $0.24 during mid-day trading on Friday, hitting $28.87. 1,934 shares of the company traded hands, compared to its average volume of 28,245. CBTX Inc has a one year low of $25.92 and a one year high of $38.44. The stock has a market cap of $683.28 million, a price-to-earnings ratio of 13.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average price of $28.29 and a 200-day moving average price of $29.73.

CBTX (NASDAQ:CBTX) last announced its earnings results on Thursday, July 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.10. CBTX had a net margin of 31.41% and a return on equity of 10.54%. The business had revenue of $41.60 million during the quarter. Sell-side analysts predict that CBTX Inc will post 1.8 EPS 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.

Read More: Liquidity

Want to see what other hedge funds are holding CBTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBTX Inc (NASDAQ:CBTX).

Institutional Ownership by Quarter for CBTX (NASDAQ:CBTX)

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.