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NASDAQ:CBTXCBTX Stock Price, Forecast & News

$18.11
-0.28 (-1.52 %)
(As of 05/25/2020 10:01 AM ET)
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Today's Range
$17.73
Now: $18.11
$18.68
50-Day Range
$15.42
MA: $17.23
$19.40
52-Week Range
$12.50
Now: $18.11
$31.73
Volume27,379 shs
Average Volume72,827 shs
Market Capitalization$451.84 million
P/E Ratio9.58
Dividend Yield2.21%
Beta1.23
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: 3.3Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.91 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$451.84 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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CBTX shares have decreased by 6.2% and is now trading at $18.11. 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) announced its 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 firm earned $36.55 million during 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.

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

CBTX announced a quarterly dividend on Wednesday, March 18th. Stockholders 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 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, March 31st. View CBTX's dividend history.

What price target have analysts set for CBTX?

1 brokers have issued 12-month target prices for CBTX's shares. Their forecasts range from $31.00 to $31.00. On average, they expect CBTX's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 71.2% 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?

Media stories about CBTX stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. CBTX earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCBTX.

Are investors shorting CBTX?

CBTX saw a decline in short interest in the month of 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 daily trading volume, of 73,600 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company's shares are short sold. 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 a price of $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 a variety 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.

Which major 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 major 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 $18.11.

How big of a company is CBTX?

CBTX has a market capitalization of $451.84 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 5/25/2020 by MarketBeat.com Staff

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