Stephens Begins Coverage on CBTX (CBTX)
Stephens started coverage on shares of CBTX (NASDAQ:CBTX) in a research note published on Monday, Marketbeat reports. The brokerage issued an overweight rating on the stock.
Separately, Keefe, Bruyette & Woods began coverage on shares of CBTX in a research report on Monday. They set a market perform rating on the stock.
Shares of CBTX (NASDAQ:CBTX) opened at $28.80 on Monday. CBTX has a 1 year low of $27.20 and a 1 year high of $29.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.
In other CBTX news, EVP Tracy Oneil acquired 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $26.00 per share, for a total transaction of $52,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman J Pat Parsons acquired 1,387 shares of the stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $36,062.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,887 shares of company stock worth $257,062 in the last 90 days.
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CBTX, Inc, formerly CBFH, Inc, is a bank holding company. Through its subsidiary, CommunityBank of Texas N.A., in Houston and Beaumont, Texas, the Bank is focused on providing commercial banking solutions to local small and mid-sized businesses and professionals in its markets. The Bank operates 18 branches located in the Houston market and its Beaumont market presence includes 16 branches.
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