Community Bankers Trust (NASDAQ:ESXB) received a $9.00 target price from analysts at Sandler O’Neill in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price objective would indicate a potential upside of 13.21% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Brean Capital reissued a “buy” rating on shares of Community Bankers Trust in a research report on Tuesday. Stephens cut shares of Community Bankers Trust from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods cut shares of Community Bankers Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. Finally, FIG Partners reissued a “market-perform” rating on shares of Community Bankers Trust in a research report on Wednesday, December 20th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.33.
Shares of Community Bankers Trust (ESXB) opened at $7.95 on Thursday. The stock has a market cap of $179.69, a PE ratio of 16.91 and a beta of 0.34. Community Bankers Trust has a 52-week low of $6.95 and a 52-week high of $9.35.
Community Bankers Trust (NASDAQ:ESXB) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The business had revenue of $12.19 million during the quarter. Community Bankers Trust had a net margin of 19.82% and a return on equity of 7.87%.
In related news, insider Rex L. Smith III purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was acquired at an average price of $8.80 per share, with a total value of $88,000.00. Following the completion of the purchase, the insider now directly owns 47,250 shares in the company, valued at $415,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 15,275 shares of company stock valued at $132,310.
A number of hedge funds have recently bought and sold shares of the stock. River Oaks Capital LLC raised its stake in Community Bankers Trust by 0.9% in the second quarter. River Oaks Capital LLC now owns 351,400 shares of the financial services provider’s stock valued at $2,899,000 after purchasing an additional 3,200 shares in the last quarter. Maltese Capital Management LLC raised its stake in Community Bankers Trust by 0.7% in the third quarter. Maltese Capital Management LLC now owns 998,582 shares of the financial services provider’s stock valued at $9,187,000 after purchasing an additional 6,700 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Community Bankers Trust by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 71,059 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 10,103 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Community Bankers Trust in the third quarter valued at about $114,000. Finally, Voya Investment Management LLC acquired a new position in Community Bankers Trust during the second quarter worth about $111,000.
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Community Bankers Trust Company Profile
Community Bankers Trust Corporation is the holding company for Essex Bank (the Bank). The Bank is engaged in a general commercial banking business and provides a range of financial services to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services and safe deposit box facilities.
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