Community Bankers Trust (ESXB) Given a $9.00 Price Target at Sandler O’Neill
Sandler O’Neill set a $9.00 price target on Community Bankers Trust (NASDAQ:ESXB) in a research note issued to investors on Thursday morning. The firm currently has a hold rating on the financial services provider’s stock.
A number of other brokerages have also recently issued reports on ESXB. Brean Capital restated a buy rating on shares of Community Bankers Trust in a report on Tuesday. Stephens cut Community Bankers Trust from an overweight rating to an equal weight rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods restated a market perform rating and set a $9.00 target price on shares of Community Bankers Trust in a report on Tuesday, October 3rd. Finally, FIG Partners restated a market-perform rating on shares of Community Bankers Trust in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $9.33.
Community Bankers Trust (ESXB) traded down $0.10 during trading on Thursday, reaching $7.95. The company had a trading volume of 97,800 shares, compared to its average volume of 57,800. The company has a market capitalization of $179.69, a PE ratio of 16.91 and a beta of 0.34. Community Bankers Trust has a fifty-two week low of $6.95 and a fifty-two week high of $9.35.
Community Bankers Trust (NASDAQ:ESXB) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $12.19 million during the quarter. Community Bankers Trust had a net margin of 19.82% and a return on equity of 7.87%.
In other Community Bankers Trust news, insider Rex L. Smith III purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average price of $8.80 per share, with a total value of $88,000.00. Following the completion of the transaction, the insider now directly owns 47,250 shares in the company, valued at approximately $415,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 15,275 shares of company stock worth $132,310.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new stake in Community Bankers Trust in the 2nd quarter valued at approximately $111,000. Belpointe Asset Management LLC acquired a new stake in Community Bankers Trust in the 3rd quarter valued at approximately $114,000. GSA Capital Partners LLP acquired a new stake in Community Bankers Trust in the 2nd quarter valued at approximately $125,000. First Trust Advisors LP acquired a new stake in Community Bankers Trust in the 3rd quarter valued at approximately $160,000. Finally, Rhumbline Advisers acquired a new stake in Community Bankers Trust in the 2nd quarter valued at approximately $184,000.
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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