In a report released yesterday, Matt Olney from Stephens maintained a Buy rating on CBTX Inc (NASDAQ: CBTX), with a price target of $40. The company’s shares opened today at $32.75.
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.0% and a 39.2% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.
CBTX Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37.33.
See today’s analyst top recommended stocks >>
Based on CBTX Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $11.04 million. In comparison, last year the company had a net profit of $10.05 million.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CBTX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CBTX, Inc. is a bank holding company. It engages in the provision of commercial banking solutions to local small and mid-sized businesses and professionals. The company was founded by J. Pat Parsons on January 26, 2007 and is headquartered in Houston, TX.
