NASDAQ:CBTXCBTX Stock Price, Forecast & News

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. Since then, CBTX shares have increased by 6.0% and is now trading at $20.47. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBTX in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CBTX.

CBTX is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for CBTX.

CBTX Inc (NASDAQ:CBTX) issued its quarterly earnings results on Thursday, April, 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.02. The company had revenue of $36.55 million for the quarter, compared to analyst estimates of $37.15 million. CBTX had a return on equity of 9.01% and a net margin of 27.64%. View CBTX's earnings history.

CBTX announced a quarterly dividend on Wednesday, March 18th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.10 per share on Wednesday, April 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, March 31st. View CBTX's dividend history.

1 equities research analysts have issued 1-year target prices for CBTX's stock. Their forecasts range from $31.00 to $31.00. On average, they expect CBTX's stock price to reach $31.00 in the next twelve months. This suggests a possible upside of 51.4% from the stock's current price. View analysts' price targets for CBTX.

Headlines about CBTX stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing 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 positive five, with scores nearest to five being the most favorable. CBTX earned a coverage optimism score of 1.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutCBTX.

CBTX saw a decline in short interest in April. As of April 30th, there was short interest totaling 69,200 shares, a decline of 10.2% from the April 15th total of 77,100 shares. Based on an average trading volume of 73,600 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are short sold. View CBTX's Current Options Chain.

Some companies that are related to CBTX include Centerstate Bank (CSFL), Simmons First National (SFNC), Fulton Financial (FULT), CIT Group (CIT), Westamerica Bancorporation (WABC), Trustmark (TRMK), First Midwest Bancorp (FMBI), NBT Bancorp (NBTB), First Merchants (FRME), WesBanco (WSBC), WSFS Financial (WSFS), Northwest Bancshares (NWBI), BancFirst (BANF), First Financial Bancorp (FFBC) and Hope Bancorp (HOPE). View all competitors.

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), Laredo Petroleum (LPI), Contango Oil & Gas (MCF), Spirit AeroSystems (SPR), Tapestry (TPR), Tesla (TSLA), FAT Brands (FAT), GlaxoSmithKline (GSK) and Autodesk (ADSK).

(CBTX) raised $60 million in an IPO 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.

CBTX trades on the NASDAQ under the ticker symbol "CBTX."

CBTX's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.10%), King Luther Capital Management Corp (4.92%), State Street Corp (1.64%), Wasatch Advisors Inc. (1.17%), Geode Capital Management LLC (1.06%) and Wellington Management Group LLP (0.99%). View institutional ownership trends for CBTX.

CBTX stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, King Luther Capital Management Corp, Wasatch Advisors Inc., Two Sigma Investments LP, Morgan Stanley, Wells Fargo & Company MN, E&G Advisors LP, and UBS Group AG. View insider buying and selling activity for CBTX.

CBTX stock was purchased by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc., Wellington Management Group LLP, Wedge Capital Management L L P NC, BlackRock Inc., JPMorgan Chase & Co., Geode Capital Management LLC, Aperio Group LLC, and State Street Corp. View insider buying and selling activity for 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.

One share of CBTX stock can currently be purchased for approximately $20.47.

CBTX has a market capitalization of $510.71 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.

The official website for CBTX is www.communitybankoftx.com.

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]