CBTX (CBTX) Now Covered by Stephens

Stephens started coverage on shares of CBTX (NASDAQ:CBTX) in a research report released on Monday, December 4th, Marketbeat.com reports. The brokerage issued an overweight rating on the stock.

Separately, Keefe, Bruyette & Woods initiated coverage on shares of CBTX in a research note on Monday, December 4th. They set a market perform rating on the stock.

CBTX (NASDAQ CBTX) traded down $0.35 during trading on Monday, reaching $29.66. 26,270 shares of the company traded hands, compared to its average volume of 72,917. CBTX has a twelve month low of $27.20 and a twelve month high of $30.72. The company has a market cap of $742.86 and a price-to-earnings ratio of 19.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02.

The company also recently disclosed an annual dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, December 29th.

In related news, CFO R T. Pigott, Jr. bought 2,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $65,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman J Pat Parsons bought 1,387 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were bought 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 purchased a total of 9,887 shares of company stock worth $257,062 in the last three months.

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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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