Forest Hill Capital LLC bought a new stake in CBTX Inc (NASDAQ:CBTX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 124,700 shares of the company’s stock, valued at approximately $3,699,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new stake in shares of CBTX in the 4th quarter valued at about $130,000. TIAA CREF Investment Management LLC bought a new position in CBTX during the 4th quarter valued at approximately $134,000. Deutsche Bank AG bought a new position in CBTX during the 4th quarter valued at approximately $184,000. BlueCrest Capital Management Ltd bought a new position in CBTX during the 4th quarter valued at approximately $244,000. Finally, Schwab Charles Investment Management Inc. bought a new position in CBTX during the 4th quarter valued at approximately $316,000. 13.02% of the stock is owned by institutional investors.
CBTX Inc (NASDAQ CBTX) opened at $28.88 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. CBTX Inc has a 52-week low of $27.00 and a 52-week high of $30.87.
CBTX (NASDAQ:CBTX) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.24 EPS for the quarter. The business had revenue of $31.31 million for the quarter. sell-side analysts anticipate that CBTX Inc will post 1.65 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Stephens assumed coverage on CBTX in a research report on Monday, December 4th. They set an “overweight” rating for the company. Keefe, Bruyette & Woods assumed coverage on CBTX in a research report on Monday, December 4th. They set a “market perform” rating for the company. Finally, Sandler O’Neill assumed coverage on CBTX in a research report on Monday, December 4th. They set a “hold” rating for the company.
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CBTX, Inc is a bank holding company for Community Bank of Texas, N.A., offering commercial banking solutions to local small and mid-sized businesses and professionals in Houston, Beaumont and surrounding communities in southeast Texas. The Bank operates 18 branches located in the Houston market and its Beaumont market presence includes 15 branches.
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