Stephens Lowers Community Bankers Trust Corp. (ESXB) to Equal Weight

Stephens cut shares of Community Bankers Trust Corp. (NASDAQ:ESXB) from an overweight rating to an equal weight rating in a report issued on Tuesday, Marketbeat reports.

A number of other equities analysts have also weighed in on ESXB. Brean Capital reiterated a buy rating on shares of Community Bankers Trust Corp. in a research report on Wednesday, August 2nd. Sandler O’Neill started coverage on shares of Community Bankers Trust Corp. in a research report on Wednesday, August 30th. They issued a hold rating and a $9.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated a market perform rating and issued a $9.00 price objective on shares of Community Bankers Trust Corp. in a research report on Tuesday, October 3rd.

Shares of Community Bankers Trust Corp. (NASDAQ ESXB) traded down $0.05 during trading hours on Tuesday, reaching $8.65. The company’s stock had a trading volume of 51,662 shares.

Community Bankers Trust Corp. (NASDAQ:ESXB) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $12.19 million for the quarter. Community Bankers Trust Corp. had a return on equity of 7.87% and a net margin of 19.82%.

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In related news, insider Rex L. Smith III bought 10,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $415,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 10,495 shares of company stock valued at $92,251 over the last 90 days.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC purchased a new stake in Community Bankers Trust Corp. in the second quarter valued at approximately $322,000. Mesirow Financial Investment Management Inc. purchased a new stake in Community Bankers Trust Corp. in the second quarter valued at approximately $410,000. Harbour Capital Advisors LLC raised its stake in Community Bankers Trust Corp. by 725.0% in the second quarter. Harbour Capital Advisors LLC now owns 17,573 shares of the financial services provider’s stock valued at $2,130,000 after purchasing an additional 15,443 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Community Bankers Trust Corp. in the second quarter valued at approximately $503,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in Community Bankers Trust Corp. in the second quarter valued at approximately $473,000.

About Community Bankers Trust Corp.

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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