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.

CBTX (NASDAQ:CBTX) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $37.08 million during the quarter. CBTX had a return on equity of 10.10% and a net margin of 31.52%. On average, research analysts predict that CBTX Inc will post 1.97 EPS for the current year.

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.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/cbtx-inc-cbtx-shares-sold-by-first-trust-advisors-lp/2925481.html.

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.

Further Reading: Trading Strategy

Want to see what other hedge funds are holding CBTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBTX Inc (NASDAQ:CBTX).

Institutional Ownership by Quarter for CBTX (NASDAQ:CBTX)

Receive News & Ratings for CBTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBTX and related companies with MarketBeat.com's FREE daily email newsletter.