Stock BuybacksBy The Online Investor Staff, updated Wed., Sep. 23, 10:07 PM
|This Slide: #19 of 25|
Slide #19. CBTX, Inc.
CBTX, Inc. (NASDAQ:CBTX)
CBTX, Inc. (Nasdaq: CBTX), or the Company, the bank holding company for CommunityBank of Texas N.A., today announced the resumption of its share repurchase program. The share repurchase program that commenced in July of 2019 allows for the repurchase of up to $40 million of the Company's common stock through September 30, 2020. Repurchases under this program were temporarily suspended in March of 2020 in light of the uncertainties presented by the COVID-19 pandemic and surrounding events. The Company further announced that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $40 million of the Company's common stock beginning after the close of business on September 30, 2020 through September 30, 2021.
CBTX is a bank holding company. Through its wholly-owned subsidiary, CommunityBank of Texas, N.A. (the Bank), Co. focuses on providing commercial banking solutions to small and mid-sized businesses and personnel including attorneys, accountants and other service providers with operations in its markets. The Bank provides a range of banking products, including commercial and industrial loans, commercial real estate loans, construction and development loans, one-to-four family residential mortgage loans, multi-family residential loans consumer loans, agricultural loans, treasury services, retail deposits and a suite of online banking services.
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Buy (2.67 out of 4)
(ranked lower than approx. 78% of all stocks covered)
Based on Zacks ABR data;
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