Parsons - CBTX Vice Chairman of the Board
Chairman
Mr. J. Pat Parsons is the Vice Chairman of the Board of the Company and the Bank. Mr. Parsons was one of the original founders of the Company and has served as a director of the Company and the Bank since 2007. He served as President and Chief Executive Officer of the Company from 2007 until 2013. Mr. Parsons also served as the Bank Chairman and Chief Executive Officer from 2007 until 2013. From June 2013 until January 2014, Mr. Parsons served as the CoChief Executive Officer of the Company and Chairman and CoChief Executive Officer of the Bank. In January 2014, he became Chairman of the Bank and President of the Company. In January 2015, Mr. Parsons was named Vice Chairman of the Company and the Bank. He began his banking career in 1973 with First City National Bank of Houston as a Management Trainee and has served in various capacities at numerous commercial banks within our market areas, including Community Bank Trust, SSB, as President and Chief Operating Officer. From 1992 until its sale to Texas Regional Bancshares, Inc. in 2004, Mr. Parsons oversaw Community Bank Trust expansion, through organic growth and five acquisitions, to over 1.1 billion in assets and a network spanning 15 Southeast Texas communities. He currently serves on the board of directors of the Lamar University Foundation since 2013.
| Age | 69 |
| Tenure | 11 years |
| Professional Marks | MBA |
| Phone | 713 861 7200 |
| Web | https://www.communitybankoftx.com |
CBTX Management Efficiency
CBTX's management efficiency ratios could be used to measure how well CBTX manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 50 M in liabilities with Debt to Equity (D/E) ratio of 6.26, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist CBTX until it has trouble settling it off, either with new capital or with free cash flow. So, CBTX's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CBTX Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CBTX to invest in growth at high rates of return. When we think about CBTX's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 0.0668 | |||
| Return On Asset | 0.0086 |
CBTX Inc Leadership Team
Elected by the shareholders, the CBTX's board of directors comprises two types of representatives: CBTX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CBTX. The board's role is to monitor CBTX's management team and ensure that shareholders' interests are well served. CBTX's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CBTX's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Franklin, President CEO, Chairman of the Board | ||
| Joe Penland, Independent Director | ||
| Sheila Umphrey, Director | ||
| CPA Pigott, CFO EVP | ||
| Travis Jaggers, Pres NA | ||
| Wayne Reaud, Independent Director | ||
| James Sturgeon, IR Contact Officer | ||
| Tommy Lott, Independent Director | ||
| John Williams, Independent Director | ||
| Justin Esq, Corp EVP | ||
| Robert Pigott, CFO | ||
| Parsons, Vice Chairman of the Board | ||
| William Wilson, Independent Director | ||
| Michael Havard, Independent Director | ||
| Joseph Swinbank, Independent Director | ||
| Glen Morgan, Independent Director | ||
| Joe West, EVP CCO |
CBTX Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is CBTX a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0668 | |||
| Return On Asset | 0.0086 | |||
| Profit Margin | 0.24 % | |||
| Operating Margin | 0.37 % | |||
| Current Valuation | (45.66 M) | |||
| Shares Outstanding | 24.52 M | |||
| Shares Owned By Insiders | 25.33 % | |||
| Shares Owned By Institutions | 47.40 % | |||
| Number Of Shares Shorted | 921.73 K | |||
| Price To Earning | 25.02 X |
Pair Trading with CBTX
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CBTX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CBTX will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CBTX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CBTX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CBTX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CBTX Inc to buy it.
The correlation of CBTX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CBTX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBTX Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CBTX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Other Consideration for investing in CBTX Stock
If you are still planning to invest in CBTX Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CBTX's history and understand the potential risks before investing.
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