A Reversal for CBTX, Inc. (CBTX) Is Not Near. The Stock Reaches All-Time Low Today

The stock of CBTX, Inc. (NASDAQ:CBTX) reached all time low today, May, 8 and still has $25.95 target or 7.00 % below today’s $27.90 share price. This indicates more downside for the $701.40M company. This technical setup was reported by Barchart.com. If the $25.95 PT is reached, the company will be worth $49.10 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 2.00% or $0.57 during the last trading session, reaching $27.9. About 23,731 shares traded. CBTX, Inc. (NASDAQ:CBTX) has risen 20.30% since May 8, 2018 and is uptrending. It has outperformed by 15.93% the S&P500.

More notable recent CBTX, Inc. (NASDAQ:CBTX) news were published by: Finance.Yahoo.com which released: “Nike’s North American sales disappoint, shares fall – Yahoo Finance” on March 22, 2019, also Globenewswire.com with their article: “CBTX, Inc. Declares Quarterly Dividend Nasdaq:CBTX – GlobeNewswire” published on September 19, 2018, Finance.Yahoo.com published: “Target (TGT) Stock Sinks As Market Gains: What You Should Know – Yahoo Finance” on February 11, 2019. More interesting news about CBTX, Inc. (NASDAQ:CBTX) were released by: Finance.Yahoo.com and their article: “Santander Bank Promotes Robert Cerminaro to Commercial Banking Market Director for New England – Yahoo Finance” published on February 12, 2019 as well as Globenewswire.com‘s news article titled: “CBTX, Inc. Announces Redemption of Certain of its Trust Preferred Securities – GlobeNewswire” with publication date: November 09, 2018.

CBTX, Inc. operates as the bank holding firm for CommunityBank of Texas, N.A. that provides commercial banking solutions to small and mid-sized businesses, and professionals in Houston and Beaumont, Texas. The company has market cap of $701.40 million. 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. It has a 14.38 P/E ratio. It also provides commercial and industrial loans, commercial real estate-backed loans, commercial lines of credit, working capital loans, term loans, equipment financing, borrowing base loans, construction and development loans, homebuilder loans, agricultural loans, small business administration loans, and other loan products, as well as acquisition, expansion, and development loans.

CBTX, Inc. (NASDAQ:CBTX) Ratings Chart

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