Community Bankers Trust’s (ESXB) Buy Rating Reaffirmed at Brean Capital

Brean Capital reiterated their buy rating on shares of Community Bankers Trust (NASDAQ:ESXB) in a research note published on Wednesday morning.

A number of other research firms have also weighed in on ESXB. Keefe, Bruyette & Woods lowered shares of Community Bankers Trust from an outperform rating to a market perform rating in a report on Wednesday, October 4th. Sandler O’Neill initiated coverage on shares of Community Bankers Trust in a report on Wednesday, August 30th. They set a hold rating and a $9.00 target price for the company. Finally, Stephens lowered shares of Community Bankers Trust from an overweight rating to an equal weight rating in a report on Tuesday, October 31st.

Shares of Community Bankers Trust (NASDAQ:ESXB) traded down $0.15 during trading hours on Wednesday, hitting $8.30. The stock had a trading volume of 13,500 shares, compared to its average volume of 58,183. Community Bankers Trust has a 52-week low of $6.30 and a 52-week high of $9.35.

Community Bankers Trust (NASDAQ:ESXB) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.11 earnings per share for the quarter, missing the Zacks’ 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 acquired 10,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was acquired at an average cost of $8.80 per share, for a total transaction of $88,000.00. Following the completion of the acquisition, the insider now directly owns 47,250 shares of the company’s stock, valued at approximately $415,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 15,275 shares of company stock valued at $132,310 over the last 90 days.

A number of institutional investors and hedge funds have recently modified their holdings of the business. River Oaks Capital LLC lifted its holdings 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 worth $2,899,000 after buying an additional 3,200 shares during the period. Maltese Capital Management LLC lifted its holdings in shares of Community Bankers Trust by 0.7% during 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 during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Community Bankers Trust by 69.7% during the second quarter. Acadian Asset Management LLC now owns 17,043 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Community Bankers Trust by 16.6% during 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 during the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in shares of Community Bankers Trust during the third quarter valued at approximately $114,000.

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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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