CBTX Inc (CBTX) Shares Sold by First Trust Advisors LP
First Trust Advisors LP lessened its position in shares of CBTX Inc (NASDAQ:CBTX) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,335 shares of the company’s stock after selling 10,223 shares during the period. First Trust Advisors LP owned approximately 0.11% of CBTX worth $804,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new stake in shares of CBTX during the third quarter worth approximately $493,000. Jane Street Group LLC bought a new stake in shares of CBTX during the third quarter worth approximately $516,000. JPMorgan Chase & Co. boosted its holdings in shares of CBTX by 158.4% during the third quarter. JPMorgan Chase & Co. now owns 23,800 shares of the company’s stock worth $845,000 after acquiring an additional 14,590 shares during the period. Rhumbline Advisers boosted its holdings in shares of CBTX by 46.9% during the fourth quarter. Rhumbline Advisers now owns 27,099 shares of the company’s stock worth $797,000 after acquiring an additional 8,654 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of CBTX by 6.0% during the third quarter. Teachers Advisors LLC now owns 37,185 shares of the company’s stock worth $1,322,000 after acquiring an additional 2,112 shares during the period. Institutional investors own 29.50% of the company’s stock.
Shares of CBTX stock opened at $32.45 on Friday. The company has a market capitalization of $853.41 million, a P/E ratio of 17.17 and a beta of 1.02. CBTX Inc has a 1 year low of $27.61 and a 1 year high of $38.71.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.10 dividend. This is a boost from CBTX’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, March 29th. CBTX’s payout ratio is 10.58%.
A number of equities research analysts have recently issued reports on the company. Stephens cut CBTX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Zacks Investment Research cut CBTX from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, ValuEngine cut CBTX from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th.
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CBTX Company Profile
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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