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NASDAQ:CBTXCBTX Stock Price, Forecast & News

$19.66
-1.34 (-6.38 %)
(As of 07/2/2020 04:00 PM ET)
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Today's Range
$19.50
Now: $19.66
$20.97
50-Day Range
$16.60
MA: $19.60
$22.56
52-Week Range
$12.50
Now: $19.66
$31.73
Volume67,800 shs
Average Volume81,451 shs
Market Capitalization$490.52 million
P/E Ratio10.40
Dividend Yield2.03%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.74 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CBTX
CUSIPN/A
Phone713-210-7600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$172.02 million
Cash Flow$2.20 per share
Book Value$20.59 per share

Profitability

Net Income$50.52 million

Miscellaneous

Employees495
Market Cap$490.52 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 reached pandemic status according to the World Health Organization. Since then, CBTX shares have increased by 1.8% and is now trading at $19.66. 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) issued its quarterly earnings results on Thursday, April, 30th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters' 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 net margin of 27.64% and a return on equity of 9.01%. View CBTX's earnings history.

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

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 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, June 30th. View CBTX's dividend history.

What price target have analysts set for CBTX?

1 equities research analysts have issued 1 year price objectives 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 57.7% 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?

Headlines about CBTX stock have trended somewhat negative on Friday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. 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 -1.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about CBTX.

Are investors shorting CBTX?

CBTX saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 82,700 shares, a drop of 14.4% from the May 31st total of 96,600 shares. Based on an average daily volume of 85,600 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company's shares are sold short. View CBTX's Current Options Chain.

Who are some of CBTX's key 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 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 $19.66.

How big of a company is CBTX?

CBTX has a market capitalization of $490.52 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 7/3/2020 by MarketBeat.com Staff

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