Company: CBTX, Inc
Symbol: CBTX
Description: They are a bank holding company that operates through our wholly-owned subsidiary, Community Bank of Texas, in Houston and Beaumont, Texas.
Shares: 2.4 million
Price Range: $24.00-$26.00
Trade Date: 11/8
Underwriter(s): Stephens, Keefe Bruyette & Woods, Sandler O’ Neill + Partners
Business: They focus on providing commercial banking solutions to local small and mid-sized businesses and professionals in our markets. Their market expertise, coupled with a deep understanding of our customers’ needs, allows us to deliver tailored financial products and services.
FINANCIALS: As of June 30, 2017, we had total assets of $2.9 billion, total loans of $2.2 billion, total deposits of $2.5 billion and total shareholders’ equity of $372.0 million.
Financial IPOs in 2017
Book-Building Status: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.
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Conclusion: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a track record with our performance for last 12 years at our website. Additionally, we have our latest performance results with commentary from the month of May by clicking here.
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