CBTX’s (NASDAQ:CBTX) lock-up period will end on Monday, May 7th. CBTX had issued 2,400,000 shares in its IPO on November 8th. The total size of the offering was $62,400,000 based on an initial share price of $26.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
CBTX stock traded down $0.09 on Friday, hitting $29.91. The company’s stock had a trading volume of 73,000 shares, compared to its average volume of 58,237. CBTX has a 1 year low of $27.00 and a 1 year high of $30.87. The company has a market cap of $771.13 million and a price-to-earnings ratio of 21.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.00 and a quick ratio of 1.00.
CBTX (NASDAQ:CBTX) last announced its quarterly earnings data on Thursday, April 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $32.40 million during the quarter. CBTX had a net margin of 22.27% and a return on equity of 8.17%. analysts anticipate that CBTX will post 1.65 earnings per share for the current year.
CBTX Company Profile
CBTX, Inc operates as the bank holding company for CommunityBank of Texas National Association that provides commercial banking solutions to small and mid-sized businesses, and professionals in the United States. 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.
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