Zacks Investment Research lowered shares of CBTX (NASDAQ:CBTX) from a hold rating to a sell rating in a research note published on Tuesday.

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. “

Several other analysts have also issued reports on the stock. ValuEngine upgraded shares of CBTX from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Stephens reiterated a buy rating and issued a $37.00 target price on shares of CBTX in a research report on Wednesday, December 19th.

CBTX traded up $0.34 on Tuesday, reaching $31.06. The stock had a trading volume of 931 shares, compared to its average volume of 72,136. CBTX has a 12-month low of $27.00 and a 12-month high of $38.71. The stock has a market capitalization of $807.41 million, a price-to-earnings ratio of 22.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.01 and a current ratio of 1.01.

CBTX (NASDAQ:CBTX) last announced its earnings results on Thursday, October 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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. On average, equities research analysts forecast that CBTX will post 1.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. CBTX’s payout ratio is presently 14.39%.

In other CBTX news, Director Joe Sr Penland, Sr. purchased 30,670 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of $34.99 per share, for a total transaction of $1,073,143.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 29.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System acquired a new position in CBTX during the second quarter worth about $228,000. MetLife Investment Advisors LLC acquired a new position in CBTX in the 3rd quarter valued at about $493,000. Engineers Gate Manager LP acquired a new position in CBTX in the 3rd quarter valued at about $501,000. Acadian Asset Management LLC acquired a new position in CBTX in the 3rd quarter valued at about $509,000. Finally, Jane Street Group LLC acquired a new position in CBTX in the 3rd quarter valued at about $516,000. Hedge funds and other institutional investors own 28.84% of the company’s stock.

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'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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