CBTX, Inc. (NASDAQ:CBTX) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.26 per share from $ 35.63 million in revenue.
For the full year, analysts predict revenues of $ 143.74 million, while looking forward to income of $ 0.89 per share.
Previous Quarter Performance
CBTX, Inc. outlined income for the second quarter of $ 0.09 per share, from the revenue of $ 35.07 million. Street analysts expected CBTX, Inc. to report income of $ 0.21 per share on revenue of $ 36.48 million for the second quarter. The bottom line results missed street analysts by $ 0.12 or 57.14 percent, at the same time, top line results fell short of analysts by $ 1.41 million or 3.87 percent.
Stock Performance
Shares of CBTX, Inc. traded low $ -0.09 or -0.45 percent on Tuesday, reaching $ 19.72 with volume of 62.90 thousand shares. CBTX, Inc. has traded high as $ 20.04 and has cracked $ 19.03 on the downward trend
According to the previous trading day, closing price of $ 19.72, representing a 58.48 % increase from the 52 week low of $ 12.50 and a 37.57 % decrease over the 52 week high of $ 31.73.
The company has a market capital of $ 492.03 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 22nd September 2020, upgraded by Keefe, Bruyette & Woods to Outperform from Market Perform rating.
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 offers various deposit products, including demand, savings, money market, and time accounts; and loans, such as commercial and industrial loans, commercial real estate loans, construction and development loans, 1-4 family residential mortgage loans, multi-family residential loans, consumer loans, and agricultural loans.
