Insider Buying: CBTX Inc (CBTX) Director Acquires 30,670 Shares of Stock
CBTX Inc (NASDAQ:CBTX) Director Joe Sr Penland, Sr. purchased 30,670 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of $34.99 per share, with a total value of $1,073,143.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of CBTX stock opened at $34.35 on Thursday. CBTX Inc has a 1 year low of $27.00 and a 1 year high of $38.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.01. The company has a market cap of $898.27 million and a price-to-earnings ratio of 22.04.
CBTX (NASDAQ:CBTX) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. CBTX had a return on equity of 8.53% and a net margin of 24.61%. The business had revenue of $35.05 million for the quarter. On average, equities research analysts anticipate that CBTX Inc will post 1.81 earnings per share for the current fiscal year.
A number of brokerages recently commented on CBTX. Zacks Investment Research raised CBTX from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $35.00 price target on shares of CBTX in a research note on Friday, July 27th. Finally, Stephens reissued a “buy” rating and set a $33.00 price target on shares of CBTX in a research note on Friday, July 27th.
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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