RMB Capital Management LLC increased its holdings in shares of CBTX, Inc (NASDAQ:CBTX) by 77.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 496,919 shares of the company’s stock after acquiring an additional 216,435 shares during the period. RMB Capital Management LLC’s holdings in CBTX were worth $14,629,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. California State Teachers Retirement System purchased a new position in shares of CBTX during the 4th quarter valued at approximately $130,000. TIAA CREF Investment Management LLC purchased a new position in shares of CBTX during the 4th quarter valued at approximately $134,000. Deutsche Bank AG purchased a new position in shares of CBTX during the 4th quarter valued at approximately $184,000. Spark Investment Management LLC purchased a new position in shares of CBTX during the 1st quarter valued at approximately $225,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of CBTX during the 4th quarter valued at approximately $244,000. Hedge funds and other institutional investors own 16.13% of the company’s stock.
Shares of CBTX opened at $31.00 on Thursday, MarketBeat reports. CBTX, Inc has a 1 year low of $27.00 and a 1 year high of $31.73. The company has a market cap of $794.48 million and a PE ratio of 22.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.00.
CBTX (NASDAQ:CBTX) last announced its earnings results on Thursday, April 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). CBTX had a net margin of 22.27% and a return on equity of 8.17%. The business had revenue of $32.40 million for the quarter. sell-side analysts expect that CBTX, Inc will post 1.65 EPS for the current fiscal year.
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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