NASDAQ:CBTXCBTX Stock Price, Forecast & News

CBTX's stock was trading at $19.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CBTX stock has decreased by 11.2% and is now trading at $17.15.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBTX in the last year. There are currently 1 hold rating and 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, October 22nd 2020.
View our earnings forecast for CBTX.

CBTX Inc (NASDAQ:CBTX) announced its quarterly earnings data on Wednesday, July, 29th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.12. The company had revenue of $35.07 million for the quarter, compared to the consensus estimate of $36.50 million. CBTX had a net margin of 21.67% and a return on equity of 6.63%.
View CBTX's earnings history.

CBTX declared a quarterly dividend on Friday, June 19th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.10 per share on Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, June 30th.
View CBTX's dividend history.

2 brokerages have issued 1 year price objectives for CBTX's stock. Their forecasts range from $22.00 to $22.00. On average, they expect CBTX's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price.
View analysts' price targets for CBTX.

News headlines about CBTX stock have trended very positive this week, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. CBTX earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about CBTX.

CBTX saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 171,000 shares, a drop of 16.2% from the July 15th total of 204,100 shares. Based on an average trading volume of 73,300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.0% of the company's stock are short sold.
View CBTX's Current Options Chain.

Some companies that are related to CBTX include First Midwest Bancorp (FMBI), WSFS Financial (WSFS), Trustmark (TRMK), WesBanco (WSBC), First Financial Bancorp (FFBC), BancFirst (BANF), First Merchants (FRME), NBT Bancorp (NBTB), Northwest Bancshares (NWBI), Cadence Bancorp (CADE), Sandy Spring Bancorp (SASR), Hope Bancorp (HOPE), City (CHCO), National Bank (NBHC) and First Commonwealth Financial (FCF).
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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 a price of $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 shareholders include WINTON GROUP Ltd (0.39%), Callahan Advisors LLC (0.25%), Wedge Capital Management L L P NC (0.20%), Swiss National Bank (0.17%), Russell Investments Group Ltd. (0.15%) and Dupont Capital Management Corp (0.06%).
View institutional ownership trends for CBTX.

CBTX stock was sold by a variety of institutional investors in the last quarter, including Callahan Advisors LLC, UBS Group AG, and First Trust Advisors LP.
View insider buying and selling activity for CBTX.

CBTX stock was purchased by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Dupont Capital Management Corp, SG Americas Securities LLC, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Swiss National Bank, Nisa Investment Advisors LLC, and Denali Advisors LLC.
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 $17.15.

CBTX has a market capitalization of $427.91 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]