Brean Capital Analysts Give Community Bankers Trust Corp. (ESXB) a $10.00 Price Target

Community Bankers Trust Corp. (NASDAQ:ESXB) received a $10.00 price target from analysts at Brean Capital in a report issued on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Brean Capital’s price target points to a potential upside of 11.73% from the stock’s current price.

The analysts wrote, “While Q3 was disappointing, at this point we view the results as a temporary setback impacted by elevated costs from franchise investments and some irrational behavior by competitors trying to gain market share (impacts growth). As the company reaps the benefits of its investments, and its improved market position provides growth tailwinds, we believe the view into 2019 remains constructive, supporting our Buy rating. That said, we are lowering our 2017/2018 estimates to reflect the aforementioned investments but continue to expect operational improvements though 2019 resulting in a fuller valuation (especially considering scarcity value). Our $10.00 target price equates to 16.7x 2019E EPS and 1.6x YE18 TBV vs. peers trading 15.1x/1.8x.””

A number of other research analysts also recently commented on the company. Sandler O’Neill initiated coverage on Community Bankers Trust Corp. in a research note on Wednesday, August 30th. They issued a “hold” rating and a $9.00 target price on the stock. Keefe, Bruyette & Woods downgraded Community Bankers Trust Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th.

Community Bankers Trust Corp. (NASDAQ:ESXB) remained flat at $8.95 during trading on Friday. The stock had a trading volume of 29,607 shares. The firm has a market cap of $197.23 million and a price-to-earnings ratio of 19.04. Community Bankers Trust Corp. has a 52-week low of $5.40 and a 52-week high of $9.35. The company’s 50-day moving average price is $8.98 and its 200 day moving average price is $8.43.

Community Bankers Trust Corp. (NASDAQ:ESXB) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Community Bankers Trust Corp. had a net margin of 24.12% and a return on equity of 9.83%. The firm had revenue of $12.19 million during the quarter. Equities research analysts anticipate that Community Bankers Trust Corp. will post $0.49 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. River Oaks Capital LLC boosted its stake in shares of Community Bankers Trust Corp. by 0.9% during the 2nd quarter. River Oaks Capital LLC now owns 351,400 shares of the financial services provider’s stock worth $2,899,000 after acquiring an additional 3,200 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Community Bankers Trust Corp. by 69.7% during the 2nd quarter. Acadian Asset Management LLC now owns 17,043 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 7,000 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of Community Bankers Trust Corp. during the 2nd quarter worth about $111,000. Dimensional Fund Advisors LP boosted its stake in shares of Community Bankers Trust Corp. by 29.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 67,134 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 15,072 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Community Bankers Trust Corp. during the 2nd quarter worth about $125,000.

Community Bankers Trust Corp. 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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