NASDAQ:CBTXCBTX Stock Price, Forecast & News

$19.82

-0.47 (-2.32 %)

(As of 06/3/2020 08:45 AM ET)

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Today's Range

$19.44

Now: $19.82▼

$20.79

50-Day Range

$15.42

MA: $17.76▼

$20.47

52-Week Range

$12.50

Now: $19.82▼

$31.73

Volume60,357 shs

Average Volume68,717 shs

Market Capitalization$494.51 million

P/E Ratio10.49

Dividend Yield1.97%

Beta1.27

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
CBTX has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.00, CBTX has a potential upside of 56.4% from its current price of $19.82.
Amount of Analyst Coverage
CBTX has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
CBTX has received 149 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CBTX has received 189 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CBTX has received 55.92% “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.

3.3 Dividend Strength

Dividend Leadership
CBTX is a leading dividend payer. It pays a dividend yield of 1.97%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CBTX has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of CBTX is 19.80 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CBTX will have a dividend payout ratio of 29.85 % next year. This indicates that CBTX will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CBTX insiders have bought more of their company's stock than they have sold. Specifically, they have bought $698,680.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 30.07% of the stock of CBTX is held by insiders.
Percentage Held by Institutions
Only 29.83% of the stock of CBTX is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for CBTX are expected to grow by 15.52% in the coming year, from $1.16 to $1.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CBTX is 10.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of CBTX is 10.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.30.
Price to Book Value per Share Ratio
CBTX has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.91 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

Webwww.communitybankoftx.com

Phone713-210-7600

Debt

Debt-to-Equity Ratio0.12

Current Ratio1.05

Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio10.49

Forward P/E Ratio17.09

P/E GrowthN/A

Sales & Book Value

Annual Sales$172.02 million

Price / Sales2.87

Cash Flow$2.15 per share

Price / Cash Flow9.24

Book Value$20.59 per share

Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$2.02

Net Income$50.52 million

Net Margins27.64%

Return on Equity9.01%

Return on Assets1.39%

Miscellaneous

Employees495

Outstanding Shares24,950,000

Market Cap$494.51 million

Next Earnings Date7/23/2020 (Estimated)

OptionableNot Optionable

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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. Since then, CBTX shares have increased by 2.6% and is now trading at $19.82. View which stocks have been most 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CBTX.

When is CBTX's next earnings date?

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

How were CBTX's earnings last quarter?

CBTX Inc (NASDAQ:CBTX) posted its quarterly earnings results on Thursday, April, 30th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $0.02. The company earned $36.55 million during the quarter, compared to analysts' expectations 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.

How often does CBTX pay dividends? What is the dividend yield for CBTX?

CBTX declared a quarterly dividend on Wednesday, March 18th. Shareholders 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 2.02%. 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 stock. Their forecasts range from $31.00 to $31.00. On average, they anticipate CBTX's share price to reach $31.00 in the next year. This suggests a possible upside of 56.4% 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. " (4/27/2020)
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?

News coverage about CBTX stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. CBTX earned a news sentiment score of 2.4 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCBTX.

Are investors shorting CBTX?

CBTX saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 69,200 shares, a drop of 10.2% from the April 15th total of 77,100 shares. Based on an average trading volume of 73,600 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the company 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 Washington Federal (WAFD), Centerstate Bank (CSFL), CIT Group (CIT), Simmons First National (SFNC), Fulton Financial (FULT), Westamerica Bancorporation (WABC), First Merchants (FRME), First Midwest Bancorp (FMBI), Trustmark (TRMK), WesBanco (WSBC), WSFS Financial (WSFS), NBT Bancorp (NBTB), First Financial Bancorp (FFBC), Northwest Bancshares (NWBI) and BancFirst (BANF). View all competitors.

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), Laredo Petroleum (LPI), Contango Oil & Gas (MCF), Spirit AeroSystems (SPR), Tapestry (TPR), Tesla (TSLA), 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 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) served 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."

Who are CBTX's major shareholders?

CBTX's stock is owned by many different 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.

Which institutional investors are selling CBTX stock?

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.

Which institutional investors are buying CBTX stock?

CBTX stock was acquired 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.

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 $19.82.

How big of a company is CBTX?

CBTX has a market capitalization of $494.51 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.

What is CBTX's official website?

The official website for CBTX is 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 6/3/2020 by MarketBeat.com Staff