NASDAQ:CBTX - CBTX Stock Price, Forecast & News

CBTX's stock was trading at $19.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CBTX shares have decreased by 9.3% and is now trading at $17.52. View which stocks have been mosted impacted by Coronavirus.

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.

CBTX is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for CBTX.

CBTX Inc (NASDAQ:CBTX) issued its quarterly earnings data on Wednesday, January, 29th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The firm had revenue of $37.50 million for the quarter. CBTX had a return on equity of 9.75% and a net margin of 29.37%. View CBTX's earnings history.

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 2.28%. The ex-dividend date is Tuesday, March 31st. View CBTX's dividend history.

1 Wall Street analysts have issued 1-year target prices 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 twelve months. This suggests a possible upside of 76.9% from the stock's current price. View analysts' price targets for CBTX.

News articles about CBTX stock have trended negative recently, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. CBTX earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCBTX.

CBTX saw a increase in short interest during 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 shares of the stock are sold short. View CBTX's Current Options Chain.

Some companies that are related to CBTX include WesBanco (WSBC), Westamerica Bancorporation (WABC), Trustmark (TRMK), First Midwest Bancorp (FMBI), First Merchants (FRME), NBT Bancorp (NBTB), First Financial Bancorp (FFBC), WSFS Financial (WSFS), Northwest Bancshares (NWBI), BancFirst (BANF), Hope Bancorp (HOPE), City (CHCO), Cadence Bancorp (CADE), First Commonwealth Financial (FCF) and Sandy Spring Bancorp (SASR).

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 Eli Lilly And Co (LLY).

(CBTX) raised $60 million in an initial public offering 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 variety of institutional and retail investors. Top institutional shareholders include King Luther Capital Management Corp (4.91%), State Street Corp (1.53%), Geode Capital Management LLC (0.94%), Bank of New York Mellon Corp (0.57%), Renaissance Technologies LLC (0.49%) and Mendon Capital Advisors Corp (0.44%). View institutional ownership trends for CBTX.

CBTX stock was sold by a variety of institutional investors in the last quarter, including RMB Capital Management LLC, Chicago Equity Partners LLC, Raymond James Financial Services Advisors Inc., New York State Common Retirement Fund, Bank of America Corp DE, Mendon Capital Advisors Corp, Nuveen Asset Management LLC, and Credit Suisse AG. View insider buying and selling activity for CBTX.

CBTX stock was acquired by a variety of institutional investors in the last quarter, including STA Wealth Management LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, E&G Advisors LP, State Street Corp, California Public Employees Retirement System, Goldman Sachs Group Inc., and National Asset Management Inc.. 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 $17.52.

CBTX has a market capitalization of $441.42 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.

The official website for CBTX is http://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]