CBTX (NASDAQ:CBTX) Lowered to D at TheStreet

TheStreet downgraded shares of CBTX (NASDAQ:CBTX) from a b rating to a d rating in a research note released on Monday, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on CBTX. Zacks Investment Research downgraded shares of CBTX from a hold rating to a sell rating in a research note on Wednesday, March 11th. BidaskClub raised shares of CBTX from a strong sell rating to a sell rating in a research note on Wednesday, March 18th.

Shares of NASDAQ CBTX traded up $1.03 during trading on Monday, hitting $17.50. The company had a trading volume of 116,528 shares, compared to its average volume of 68,733. The company has a market cap of $427.06 million, a P/E ratio of 8.71 and a beta of 1.23. CBTX has a 52 week low of $12.50 and a 52 week high of $33.26. The business’s 50-day moving average is $24.18 and its 200 day moving average is $28.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.05 and a current ratio of 1.05.

CBTX (NASDAQ:CBTX) last announced its earnings results on Wednesday, January 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. CBTX had a net margin of 29.37% and a return on equity of 9.75%. The company had revenue of $37.50 million for the quarter. On average, research analysts expect that CBTX will post 1.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, March 31st. CBTX’s dividend payout ratio (DPR) is presently 19.80%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in CBTX by 6.1% in the fourth quarter. State Street Corp now owns 397,073 shares of the company’s stock worth $12,397,000 after purchasing an additional 22,832 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CBTX by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 244,641 shares of the company’s stock worth $7,613,000 after purchasing an additional 3,339 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in CBTX in the third quarter worth $5,766,000. Bank of New York Mellon Corp boosted its holdings in CBTX by 72.8% in the fourth quarter. Bank of New York Mellon Corp now owns 148,475 shares of the company’s stock worth $4,621,000 after purchasing an additional 62,540 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in CBTX by 163.6% in the fourth quarter. Renaissance Technologies LLC now owns 127,300 shares of the company’s stock worth $3,962,000 after purchasing an additional 79,000 shares in the last quarter. 30.40% of the stock is currently owned by institutional investors and hedge funds.

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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