CBTX (NASDAQ:CBTX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “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. “

CBTX has been the topic of several other research reports. Stephens reiterated a “buy” rating and set a $37.00 price objective on shares of CBTX in a research note on Monday, October 29th. ValuEngine upgraded shares of CBTX from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

CBTX opened at $31.13 on Monday. The stock has a market cap of $798.58 million, a P/E ratio of 22.40 and a beta of 1.00. CBTX has a fifty-two week low of $27.00 and a fifty-two week high of $38.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.01.

CBTX (NASDAQ:CBTX) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $35.05 million for the quarter. CBTX had a net margin of 24.61% and a return on equity of 8.53%. Sell-side analysts predict that CBTX will post 1.81 earnings per share for the current fiscal year.

In other CBTX news, Director Joe Sr Penland, Sr. acquired 30,670 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average price of $34.99 per share, for a total transaction of $1,073,143.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. California Public Employees Retirement System acquired a new stake in shares of CBTX in the second quarter valued at approximately $228,000. MetLife Investment Advisors LLC acquired a new stake in shares of CBTX in the third quarter valued at approximately $493,000. Engineers Gate Manager LP acquired a new stake in shares of CBTX in the third quarter valued at approximately $501,000. Acadian Asset Management LLC acquired a new position in shares of CBTX during the third quarter valued at approximately $509,000. Finally, Jane Street Group LLC acquired a new position in shares of CBTX during the third quarter valued at approximately $516,000. Institutional investors own 28.84% of the company’s stock.

About CBTX

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's deposit products include checking and savings accounts, certificates of deposit, and money market accounts; and loan portfolio comprises consumer loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit.

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