NASDAQ:CBTX

CBTX Stock Forecast, Price & News

Top Beat the Market™ Stocks

$19.88

+0.15 (+0.76 %)

(As of 10/23/2020 12:00 AM ET)

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Today's Range

$18.85

Now: $19.88▼

$20.04

50-Day Range

$14.77

MA: $16.83▼

$19.73

52-Week Range

$12.50

Now: $19.88▼

$31.73

Volume41,953 shs

Average Volume64,394 shs

Market Capitalization$496.03 million

P/E Ratio14.10

Dividend Yield2.03%

Beta1.01

CBTX, Inc. operates as the bank holding company for CommunityBank of Texas, National Association that provides commercial banking products and services to small and mid-sized businesses, and professionals in the United States. It offers various deposit products, including demand, savings, money market, and time deposits; 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. The company also provides treasury and online banking services. It operates through 35 banking locations, including 19 branches in Houston; 15 branches in Beaumont; and one 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^™

2.5 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 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, CBTX has a forecasted upside of 10.7% from its current price of $19.88.
Amount of Analyst Coverage
CBTX has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
CBTX has received 150 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CBTX has received 203 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CBTX has received 57.51% “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.

2.5 Dividend Strength

Dividend Yield
CBTX pays a meaningful dividend of 2.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CBTX has only been increasing its dividend for 1 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 33.61% 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 $116,780.00 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 30.55% of the stock of CBTX is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for CBTX are expected to grow by 30.77% in the coming year, from $0.91 to $1.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CBTX is 14.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of CBTX is 14.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.43.
Price to Book Value per Share Ratio
CBTX has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.65 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

Employees500

Debt

Debt-to-Equity Ratio0.09

Current Ratio1.04

Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio14.10

Forward P/E Ratio21.85

P/E GrowthN/A

Sales & Book Value

Annual Sales$172.02 million

Price / Sales2.88

Cash Flow$2.36 per share

Price / Cash Flow8.42

Book Value$20.59 per share

Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$2.02

Net Income$50.52 million

Net Margins21.67%

Return on Equity6.63%

Return on Assets1.00%

Miscellaneous

Outstanding Shares24,951,000

Market Cap$496.03 million

Next Earnings Date10/29/2020 (Confirmed)

OptionableNot Optionable

$19.88

+0.15 (+0.76 %)

(As of 10/23/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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CBTX (NASDAQ:CBTX) Frequently Asked Questions

How has CBTX's stock been impacted by COVID-19?

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 stock has increased by 3.0% and is now trading at $19.88.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of CBTX?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBTX in the last year. There are currently 2 buy ratings 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, October 29th 2020.
View our earnings forecast for CBTX.

How can I listen to CBTX's earnings call?

CBTX will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were CBTX's earnings last quarter?

CBTX, Inc. (NASDAQ:CBTX) released its quarterly earnings results 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 firm had revenue of $35.07 million for the quarter, compared to the consensus estimate of $36.50 million. CBTX had a return on equity of 6.63% and a net margin of 21.67%.
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, September 16th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, September 30th.
View CBTX's dividend history.

What price target have analysts set for CBTX?

2 analysts have issued 1 year price objectives for CBTX's shares. Their forecasts range from $22.00 to $22.00. On average, they expect CBTX's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price.
View analysts' price targets for CBTX.

Who are some of CBTX's key competitors?

Some companies that are related to CBTX include Simmons First National (SFNC), Fulton Financial (FULT), Washington Federal (WAFD), WesBanco (WSBC), WSFS Financial (WSFS), Trustmark (TRMK), Park National (PRK), Cadence Bancorporation (CADE), BancFirst (BANF), First Merchants (FRME), Westamerica Bancorporation (WABC), Park National (PRK), First Midwest Bancorp (FMBI), First Financial Bancorp. (FFBC) and Northwest Bancshares (NWBI).
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 & Company (WFC), Tapestry (TPR), Tesla (TSLA), WEST JAPAN RWY/S (WJRYY), Laredo Petroleum (LPI), Contango Oil & Gas (MCF), Spirit AeroSystems (SPR), Square (SQ), AbbVie (ABBV) and Enterprise Products Partners (EPD).

Who are CBTX's key executives?

CBTX's management team includes the following people:

Mr. Robert R. Franklin Jr., Chairman, Pres & CEO (Age 65, Pay $2.01M)
Mr. Robert T. Pigott Jr., CPA, Sr. EVP, CFO & Advisory Director (Age 65, Pay $591.48k)
Mr. James L. Sturgeon, Investor Relations Officer (Age 69)
Mr. Travis L. Jaggers, Pres of CommunityBank of Texas N.A. (Age 71)

When did CBTX IPO?

(CBTX) raised $60 million in an initial public offering (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) 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 shareholders include Denali Advisors LLC (0.01%).
View institutional ownership trends for CBTX.

Which major investors are buying CBTX stock?

CBTX stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC.
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 $19.88.

How big of a company is CBTX?

CBTX has a market capitalization of $496.03 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 500 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 10/25/2020 by MarketBeat.com Staff

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