Somewhat Favorable News Coverage Somewhat Unlikely to Affect CBTX (CBTX) Stock Price

News coverage about CBTX (NASDAQ:CBTX) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CBTX earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.8316989827627 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

CBTX (NASDAQ:CBTX) opened at $28.71 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. CBTX has a 12 month low of $27.20 and a 12 month high of $29.84.

A number of research firms have issued reports on CBTX. Keefe, Bruyette & Woods began coverage on shares of CBTX in a research report on Monday, December 4th. They issued a “market perform” rating for the company. Sandler O’Neill began coverage on shares of CBTX in a research note on Monday, December 4th. They issued a “hold” rating on the stock. Finally, Stephens began coverage on shares of CBTX in a research note on Monday, December 4th. They issued an “overweight” rating on the stock.

In related news, Vice Chairman J Pat Parsons bought 1,387 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of $26.00 per share, with a total value of $36,062.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tracy Oneil purchased 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $26.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 9,887 shares of company stock worth $257,062 over the last 90 days.

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CBTX Company Profile

CBTX, Inc is a bank holding company for Community Bank of Texas, N.A., offering commercial banking solutions to local small and mid-sized businesses and professionals in Houston, Beaumont and surrounding communities in southeast Texas. The Bank operates 18 branches located in the Houston market and its Beaumont market presence includes 16 branches.

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