NASDAQ:CBTXCBTX Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding CBTX Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.17 +0.06 (+0.35 %) (As of 04/8/2020 01:34 AM ET) Add Compare Share Today's Range$16.68Now: $17.17▼$18.0150-Day Range$13.42MA: $21.36▼$29.4752-Week Range$12.50Now: $17.17▼$33.26Volume76,281 shsAverage Volume70,334 shsMarket Capitalization$432.60 millionP/E Ratio8.54Dividend Yield2.34%Beta1.46 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media 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. It also provides treasury and online banking services. CBTX, Inc. operates 35 banking locations, including 19 branches in Houston; 15 branches in Beaumont; and 1 branch in Dallas. The company was formerly known as CBFH, Inc. and changed its name to CBTX, Inc. in September 2017. CBTX, Inc. was founded in 2007 and is based in Houston, Texas.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingCBTX has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.00, CBTX has a potential upside of 80.5% from its current price of $17.17.Amount of Analyst CoverageCBTX has received no research coverage in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCBTX has received 148 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCBTX has received 184 “underperform” votes. (Add your “underperform” vote.)Community SentimentCBTX has received 55.42% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about CBTX and other stocks. Vote “Outperform” if you believe CBTX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CBTX will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend LeadershipCBTX is a leading dividend payer. It pays a dividend yield of 2.34%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCBTX has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of CBTX is 19.80 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CBTX will have a dividend payout ratio of 22.73 % next year. This indicates that CBTX will be able to sustain or increase its dividend. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CBTX insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 29.24% of the stock of CBTX is held by insiders.Percentage Held by InstitutionsOnly 30.40% of the stock of CBTX is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for CBTX are expected to grow by 3.53% in the coming year, from $1.70 to $1.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CBTX is 8.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.85.Price to Earnings Ratio vs. SectorThe P/E ratio of CBTX is 8.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.32.Price to Book Value per Share RatioCBTX has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.21 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry National commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CBTX Previous Symbol CUSIPN/A CIK1473844 Webhttp://www.communitybankoftx.com/ Phone713-210-7600Debt Debt-to-Equity Ratio0.12 Current Ratio1.05 Quick Ratio1.05Price-To-Earnings Trailing P/E Ratio8.54 Forward P/E Ratio10.10 P/E GrowthN/A Sales & Book Value Annual Sales$172.02 million Price / Sales2.51 Cash Flow$2.33 per share Price / Cash Flow7.37 Book Value$20.59 per share Price / Book0.83Profitability EPS (Most Recent Fiscal Year)$2.02 Net Income$50.52 million Net Margins29.37% Return on Equity9.75% Return on Assets1.49%Miscellaneous Employees495 Outstanding Shares25,195,000Market Cap$432.60 million Next Earnings Date5/5/2020 (Estimated) OptionableNot Optionable Receive CBTX News and Ratings via Email Sign-up to receive the latest news and ratings for CBTX and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:CBTX Rates by TradingView CBTX (NASDAQ:CBTX) Frequently Asked Questions How has CBTX's stock been impacted by COVID-19 (Coronavirus)? CBTX's stock was trading at $19.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CBTX shares have decreased by 11.1% and is now trading at $17.17. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of CBTX? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBTX in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for CBTX. When is CBTX's next earnings date? CBTX is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for CBTX. How were CBTX's earnings last quarter? CBTX Inc (NASDAQ:CBTX) announced its earnings results on Wednesday, January, 29th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The company earned $37.50 million during the quarter. CBTX had a return on equity of 9.75% and a net margin of 29.37%. View CBTX's earnings history. How often does CBTX pay dividends? What is the dividend yield for CBTX? CBTX declared a quarterly dividend on Wednesday, March 18th. Investors of record on Wednesday, April 1st will be given a dividend of $0.10 per share on Wednesday, April 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Tuesday, March 31st. View CBTX's dividend history. What price target have analysts set for CBTX? 1 equities research analysts have issued 1-year price targets for CBTX's shares. Their forecasts range from $31.00 to $31.00. On average, they anticipate CBTX's stock price to reach $31.00 in the next year. This suggests a possible upside of 80.5% from the stock's current price. View analysts' price targets for CBTX. What are Wall Street analysts saying about CBTX stock? Here are some recent quotes from research analysts about CBTX stock: 1. According to Zacks Investment Research, "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. " (3/31/2020) 2. Stephens analysts commented, "We’re pleased to see CBTX announce a share repurchase authorization of $40 million that could potentially return a portion of the Bank’s excess capital to shareholders (current TCE of 13.0%). Our lowered EPS forecast assumes operating expenses remain elevated due to the ongoing FinCEN investigation through mid-2020, although we have very limited visibility on this timeline. Our $31 price target represents a 16x multiple on our 2020 EPS forecast of $1.91." (7/30/2019) Has CBTX been receiving favorable news coverage? Media coverage about CBTX stock has been trending very negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CBTX earned a news impact score of -3.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutCBTX. Are investors shorting CBTX? CBTX saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 98,200 shares, an increase of 58.6% from the February 27th total of 61,900 shares. Based on an average daily volume of 95,400 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company's shares are short sold. View CBTX's Current Options Chain. Who are some of CBTX's key competitors? Some companies that are related to CBTX include WesBanco (WSBC), Westamerica Bancorporation (WABC), NBT Bancorp (NBTB), First Midwest Bancorp (FMBI), Trustmark (TRMK), First Merchants (FRME), CIT Group (CIT), First Financial Bancorp (FFBC), Northwest Bancshares (NWBI), WSFS Financial (WSFS), BancFirst (BANF), City (CHCO), First Commonwealth Financial (FCF), Hope Bancorp (HOPE) and Farmers And Merchants Bank of Long Beach (FMBL). What other stocks do shareholders of CBTX own? Based on aggregate information from My MarketBeat watchlists, some companies that other CBTX investors own include Wells Fargo & Co (WFC), WEST JAPAN RWY/S (WJRYY), Tesla (TSLA), Laredo Petroleum (LPI), Spirit AeroSystems (SPR), Tapestry (TPR), Contango Oil & Gas (MCF), FAT Brands (FAT), GlaxoSmithKline (GSK) and Autodesk (ADSK). Who are CBTX's key executives? CBTX's management team includes the following people: Mr. Robert R. Franklin Jr., Chairman, Pres & CEO (Age 64)Mr. John Pat Parsons, Vice Chairman (Age 70)Mr. Robert T. Pigott Jr., CPA, CFO & Advisory Director (Age 64)Mr. James L. Sturgeon, Investor Relations Officer (Age 68) When did CBTX IPO? (CBTX) raised $60 million in an initial public offering on Wednesday, November 8th 2017. The company issued 2,400,000 shares at $24.00-$26.00 per share. Stephens and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Sandler O'Neill + Partners, L.P. was co-manager. What is CBTX's stock symbol? CBTX trades on the NASDAQ under the ticker symbol "CBTX." How do I buy shares of CBTX? Shares of CBTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is CBTX's stock price today? One share of CBTX stock can currently be purchased for approximately $17.17. How big of a company is CBTX? CBTX has a market capitalization of $432.60 million and generates $172.02 million in revenue each year. The company earns $50.52 million in net income (profit) each year or $2.02 on an earnings per share basis. CBTX employs 495 workers across the globe. View additional information about CBTX. What is CBTX's official website? The official website for CBTX is http://www.communitybankoftx.com/. How can I contact CBTX? CBTX's mailing address is 9 GREENWAY PLAZA SUITE 110, HOUSTON TX, 77046. The company can be reached via phone at 713-210-7600 or via email at [email protected] This page was last updated on 4/8/2020 by MarketBeat.com StaffFeatured Article: Initial Public Offering (IPO)
