Community Bankers Trust (ESXB) Earns Buy Rating from Brean Capital

Community Bankers Trust (NASDAQ:ESXB)‘s stock had its “buy” rating restated by equities research analysts at Brean Capital in a research note issued on Tuesday, January 2nd.

Several other brokerages have also commented on ESXB. FIG Partners reissued a “market-perform” rating on shares of Community Bankers Trust in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods lowered Community Bankers Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. Finally, Stephens lowered Community Bankers Trust from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.33.

Community Bankers Trust (ESXB) opened at $8.45 on Tuesday. The stock has a market capitalization of $186.30, a P/E ratio of 17.98 and a beta of 0.34. Community Bankers Trust has a 1 year low of $6.95 and a 1 year high of $9.35.

Community Bankers Trust (NASDAQ:ESXB) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The firm had revenue of $12.19 million for the quarter. Community Bankers Trust had a return on equity of 7.87% and a net margin of 19.82%.

In related news, insider Rex L. Smith III bought 10,000 shares of Community Bankers Trust stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average price of $8.80 per share, with a total value of $88,000.00. Following the purchase, the insider now owns 47,250 shares in the company, valued at $415,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders purchased 15,275 shares of company stock worth $132,310.

A number of hedge funds have recently bought and sold shares of ESXB. Schwab Charles Investment Management Inc. purchased a new stake in Community Bankers Trust in the 2nd quarter valued at approximately $307,000. Rhumbline Advisers acquired a new position in Community Bankers Trust in the 2nd quarter valued at $184,000. Bank of New York Mellon Corp acquired a new position in Community Bankers Trust in the 2nd quarter valued at $503,000. Teachers Advisors LLC acquired a new position in Community Bankers Trust in the 2nd quarter valued at $318,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Community Bankers Trust in the 2nd quarter valued at $528,000.

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About Community Bankers Trust

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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