Maltese Capital Management LLC increased its stake in shares of Community Bankers Trust Corp (NASDAQ:ESXB) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,065,147 shares of the financial services provider’s stock after purchasing an additional 66,565 shares during the period. Maltese Capital Management LLC owned 4.83% of Community Bankers Trust worth $8,681,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Community Bankers Trust by 18.8% during the 2nd quarter. Vanguard Group Inc. now owns 317,338 shares of the financial services provider’s stock worth $2,618,000 after purchasing an additional 50,152 shares during the last quarter. State Street Corp acquired a new position in Community Bankers Trust in the 2nd quarter valued at $1,762,000. Northern Trust Corp raised its holdings in Community Bankers Trust by 1,611.0% in the 2nd quarter. Northern Trust Corp now owns 211,515 shares of the financial services provider’s stock valued at $1,745,000 after acquiring an additional 199,153 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Community Bankers Trust by 7,036.3% in the 3rd quarter. Wells Fargo & Company MN now owns 119,247 shares of the financial services provider’s stock valued at $1,098,000 after acquiring an additional 117,576 shares during the last quarter. Finally, Gator Capital Management LLC purchased a new stake in shares of Community Bankers Trust during the 4th quarter valued at $755,000.
Several analysts have recently issued reports on ESXB shares. Sandler O’Neill set a $9.00 price objective on shares of Community Bankers Trust and gave the company a “hold” rating in a research note on Thursday, January 4th. Brean Capital reaffirmed a “buy” rating on shares of Community Bankers Trust in a research report on Tuesday, January 2nd. FIG Partners reaffirmed a “market-perform” rating on shares of Community Bankers Trust in a research report on Wednesday, December 20th. Finally, Stephens cut shares of Community Bankers Trust from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Community Bankers Trust currently has an average rating of “Hold” and an average price target of $9.33.
Shares of Community Bankers Trust Corp (NASDAQ ESXB) traded up $0.05 during mid-day trading on Tuesday, reaching $8.30. 13,500 shares of the company’s stock were exchanged, compared to its average volume of 38,458. The firm has a market cap of $181.89, a price-to-earnings ratio of 25.94 and a beta of 0.23. Community Bankers Trust Corp has a 52-week low of $6.95 and a 52-week high of $9.35.
Community Bankers Trust (NASDAQ:ESXB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $12.44 million for the quarter, compared to analyst estimates of $12.30 million. Community Bankers Trust had a negative net margin of 5.14% and a negative return on equity of 2.07%.
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Community Bankers Trust 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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