Rhumbline Advisers grew its stake in CBTX Inc (NASDAQ:CBTX) by 46.9% in the fourth quarter, Holdings Channel reports. The fund owned 27,099 shares of the company’s stock after acquiring an additional 8,654 shares during the period. Rhumbline Advisers’ holdings in CBTX were worth $797,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc lifted its stake in shares of CBTX by 84.0% in the third quarter. Vanguard Group Inc now owns 630,472 shares of the company’s stock worth $22,407,000 after acquiring an additional 287,888 shares during the period. Vanguard Group Inc. increased its holdings in CBTX by 84.0% in the third quarter. Vanguard Group Inc. now owns 630,472 shares of the company’s stock worth $22,407,000 after purchasing an additional 287,888 shares in the last quarter. Morgan Stanley increased its holdings in CBTX by 5.2% in the third quarter. Morgan Stanley now owns 42,560 shares of the company’s stock worth $1,513,000 after purchasing an additional 2,095 shares in the last quarter. Teachers Advisors LLC increased its holdings in CBTX by 6.0% in the third quarter. Teachers Advisors LLC now owns 37,185 shares of the company’s stock worth $1,322,000 after purchasing an additional 2,112 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in CBTX in the third quarter worth approximately $493,000. 29.54% of the stock is owned by institutional investors.

NASDAQ:CBTX opened at $33.07 on Friday. CBTX Inc has a 52-week low of $27.61 and a 52-week high of $38.71. The firm has a market cap of $859.92 million, a P/E ratio of 17.50 and a beta of 1.02.

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

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded CBTX from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, November 16th. Stephens set a $37.00 target price on CBTX and gave the stock a “buy” rating in a report on Friday, November 16th. Finally, ValuEngine cut CBTX from a “hold” rating to a “sell” rating in a research report 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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Institutional Ownership by Quarter for CBTX (NASDAQ:CBTX)

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