CBTX (CBTX) Coverage Initiated at Keefe, Bruyette & Woods

Equities researchers at Keefe, Bruyette & Woods assumed coverage on shares of CBTX (NASDAQ:CBTX) in a research note issued to investors on Monday. The brokerage set a “market perform” rating on the stock.

CBTX (NASDAQ:CBTX) opened at $28.93 on Monday. CBTX has a 52-week low of $27.20 and a 52-week high of $29.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

In other news, EVP Tracy Oneil purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $52,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman J Pat Parsons purchased 1,387 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased 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 9,887 shares of company stock worth $257,062 over the last 90 days.

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About CBTX

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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